361 Capital LLC boosted its holdings in HD Supply Holdings Inc (NASDAQ:HDS) by 78.0% during the 1st quarter, Holdings Channel reports. The firm owned 48,403 shares of the industrial products company’s stock after acquiring an additional 21,206 shares during the period. 361 Capital LLC’s holdings in HD Supply were worth $2,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of HDS. Boston Partners raised its stake in shares of HD Supply by 780.5% in the fourth quarter. Boston Partners now owns 4,302,702 shares of the industrial products company’s stock valued at $161,437,000 after buying an additional 3,814,025 shares during the period. FMR LLC raised its stake in shares of HD Supply by 18.4% in the fourth quarter. FMR LLC now owns 20,846,482 shares of the industrial products company’s stock valued at $782,159,000 after buying an additional 3,243,867 shares during the period. Norges Bank bought a new stake in shares of HD Supply in the fourth quarter valued at $83,789,000. JPMorgan Chase & Co. raised its stake in shares of HD Supply by 1,148.4% in the third quarter. JPMorgan Chase & Co. now owns 2,144,848 shares of the industrial products company’s stock valued at $91,779,000 after buying an additional 1,973,046 shares during the period. Finally, APG Asset Management N.V. raised its stake in shares of HD Supply by 192.8% in the fourth quarter. APG Asset Management N.V. now owns 1,692,000 shares of the industrial products company’s stock valued at $55,534,000 after buying an additional 1,114,100 shares during the period. 97.41% of the stock is currently owned by institutional investors and hedge funds.

HDS has been the topic of several research reports. Robert W. Baird upgraded HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 target price on the stock in a research note on Friday, January 25th. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Royal Bank of Canada boosted their price objective on HD Supply from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.50.

NASDAQ:HDS opened at $43.33 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 2.13. HD Supply Holdings Inc has a 52-week low of $35.35 and a 52-week high of $47.13. The firm has a market cap of $7.40 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.79 and a beta of 1.25.

HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Monday, March 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. HD Supply had a return on equity of 41.40% and a net margin of 6.52%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted $0.49 EPS. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. Research analysts forecast that HD Supply Holdings Inc will post 3.69 earnings per share for the current year.

In other HD Supply news, CFO Evan Levitt sold 44,167 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $43.16, for a total value of $1,906,247.72. Following the transaction, the chief financial officer now directly owns 47,628 shares in the company, valued at approximately $2,055,624.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is owned by corporate insiders.

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About HD Supply

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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

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