Creative Planning boosted its stake in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 15.2% during the second quarter, Holdings Channel reports. The institutional investor owned 3,800 shares of the industrial products company’s stock after buying an additional 500 shares during the period. Creative Planning’s holdings in HD Supply Holdings were worth $116,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HDS. Benjamin F. Edwards & Company Inc. increased its stake in HD Supply Holdings by 6,444.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,945 shares of the industrial products company’s stock valued at $121,000 after buying an additional 2,900 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in HD Supply Holdings by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after buying an additional 49 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in HD Supply Holdings during the first quarter valued at about $136,000. Tower Research Capital LLC TRC increased its stake in HD Supply Holdings by 648.1% in the first quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock valued at $153,000 after buying an additional 3,221 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in HD Supply Holdings during the second quarter valued at about $129,000. 97.32% of the stock is currently owned by hedge funds and other institutional investors.

HD Supply Holdings, Inc. (NASDAQ:HDS) traded up 0.177% during trading on Wednesday, reaching $31.065. The company had a trading volume of 598,845 shares. HD Supply Holdings, Inc. has a one year low of $28.97 and a one year high of $44.73. The company has a 50-day moving average price of $31.16 and a 200 day moving average price of $37.75. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 21.365 and a beta of 1.41.

HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts expect that HD Supply Holdings, Inc. will post $2.10 earnings per share for the current year.

HD Supply Holdings announced that its Board of Directors has initiated a share buyback program on Tuesday, June 6th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

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Several research firms have issued reports on HDS. UBS AG raised HD Supply Holdings to an “outperform” rating and set a $44.00 price target on the stock in a research note on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $35.00 price target on shares of HD Supply Holdings in a research note on Wednesday. Zacks Investment Research raised HD Supply Holdings from a “strong sell” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, August 8th. ValuEngine downgraded HD Supply Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, Morgan Stanley cut HD Supply Holdings from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $46.00 to $36.00 in a report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.57.

About HD Supply Holdings

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

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Institutional Ownership by Quarter for HD Supply Holdings (NASDAQ:HDS)

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