HD Supply Holdings Inc (HDS) Holdings Increased by American National Bank
American National Bank boosted its position in HD Supply Holdings Inc (NASDAQ:HDS) by 15.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 70,411 shares of the industrial products company’s stock after purchasing an additional 9,659 shares during the period. American National Bank’s holdings in HD Supply were worth $2,819,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its stake in shares of HD Supply by 7.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 724,000 shares of the industrial products company’s stock worth $22,177,000 after acquiring an additional 50,030 shares during the period. Keybank National Association OH raised its stake in HD Supply by 31.0% during the second quarter. Keybank National Association OH now owns 11,846 shares of the industrial products company’s stock worth $363,000 after acquiring an additional 2,802 shares in the last quarter. Westpac Banking Corp raised its stake in HD Supply by 13.8% during the second quarter. Westpac Banking Corp now owns 16,842 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 2,041 shares in the last quarter. Engineers Gate Manager LP acquired a new position in HD Supply during the second quarter worth about $224,000. Finally, Alliancebernstein L.P. raised its stake in HD Supply by 3.4% during the second quarter. Alliancebernstein L.P. now owns 121,883 shares of the industrial products company’s stock worth $3,733,000 after acquiring an additional 4,015 shares in the last quarter.
Several research analysts have recently issued reports on the company. BidaskClub downgraded HD Supply from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine raised HD Supply from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research cut HD Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 price target (up from $37.00) on shares of HD Supply in a research note on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $38.00 price target on shares of HD Supply in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. HD Supply presently has an average rating of “Hold” and a consensus target price of $38.85.
HD Supply Holdings Inc (NASDAQ:HDS) traded down $0.56 on Thursday, hitting $38.50. The stock had a trading volume of 2,442,700 shares, compared to its average volume of 2,885,557. The company has a quick ratio of 1.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.40. HD Supply Holdings Inc has a 52-week low of $28.97 and a 52-week high of $44.73. The stock has a market capitalization of $7,190.00, a PE ratio of 32.08, a PEG ratio of 0.87 and a beta of 1.40.
HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.05. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. analysts forecast that HD Supply Holdings Inc will post 2.27 earnings per share for the current fiscal year.
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HD Supply Company Profile
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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