Bank of New York Mellon Corp cut its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 78.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 763,159 shares of the industrial products company’s stock after selling 2,860,081 shares during the quarter. Bank of New York Mellon Corp owned 0.41% of HD Supply worth $27,528,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in HD Supply by 16.4% during the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock valued at $905,504,000 after buying an additional 4,162,500 shares during the period. Vanguard Group Inc. grew its position in HD Supply by 2.5% during the second quarter. Vanguard Group Inc. now owns 15,995,119 shares of the industrial products company’s stock valued at $489,930,000 after buying an additional 383,895 shares during the period. BlackRock Inc. grew its position in HD Supply by 20.6% during the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after buying an additional 1,688,213 shares during the period. Iridian Asset Management LLC CT grew its position in HD Supply by 84.7% during the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock valued at $200,420,000 after buying an additional 3,000,390 shares during the period. Finally, Farallon Capital Management LLC grew its position in HD Supply by 16.0% during the second quarter. Farallon Capital Management LLC now owns 6,150,156 shares of the industrial products company’s stock valued at $188,379,000 after buying an additional 850,562 shares during the period.

HD Supply Holdings Inc (NASDAQ:HDS) opened at $38.97 on Tuesday. The company has a current ratio of 2.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.40. HD Supply Holdings Inc has a 1-year low of $28.97 and a 1-year high of $44.73. The firm has a market cap of $7,300.87, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.40.

HD Supply (NASDAQ:HDS) last released its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.75 by $0.05. HD Supply had a net margin of 16.55% and a return on equity of 41.89%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. equities research analysts forecast that HD Supply Holdings Inc will post 2.26 EPS for the current fiscal year.

HD Supply declared that its board has approved a stock repurchase program on Tuesday, August 29th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Several analysts recently issued reports on the stock. BidaskClub upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $35.00 price target on shares of HD Supply in a report on Wednesday, August 16th. ValuEngine raised shares of HD Supply from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Friday, August 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price target (up previously from $37.00) on shares of HD Supply in a report on Monday, October 2nd. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.85.

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About HD Supply

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.

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

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