Korea Investment CORP boosted its position in HD Supply Holdings, Inc. (NASDAQ:HDS) by 21.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 139,380 shares of the industrial products company’s stock after buying an additional 24,380 shares during the period. Korea Investment CORP’s holdings in HD Supply Holdings were worth $4,269,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in shares of HD Supply Holdings by 16.0% in the first quarter. Nordea Investment Management AB now owns 36,873 shares of the industrial products company’s stock worth $1,516,000 after buying an additional 5,081 shares during the period. Shell Asset Management Co. bought a new stake in shares of HD Supply Holdings during the first quarter worth about $360,000. Morgan Stanley raised its stake in shares of HD Supply Holdings by 41.5% in the first quarter. Morgan Stanley now owns 885,375 shares of the industrial products company’s stock worth $36,411,000 after buying an additional 259,835 shares during the period. Quantitative Investment Management LLC bought a new stake in shares of HD Supply Holdings during the first quarter worth about $2,595,000. Finally, TIAA CREF Investment Management LLC raised its stake in shares of HD Supply Holdings by 60.3% in the first quarter. TIAA CREF Investment Management LLC now owns 1,918,959 shares of the industrial products company’s stock worth $78,917,000 after buying an additional 721,635 shares during the period. Institutional investors own 97.60% of the company’s stock.

HD Supply Holdings, Inc. (NASDAQ:HDS) opened at 30.76 on Friday. HD Supply Holdings, Inc. has a 12-month low of $28.97 and a 12-month high of $44.73. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 21.16 and a beta of 1.41. The company has a 50 day moving average of $31.15 and a 200-day moving average of $37.99.

HD Supply Holdings (NASDAQ:HDS) last issued its earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. On average, equities research analysts forecast 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 stock buyback plan on Tuesday, June 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

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A number of equities research analysts have issued reports on HDS shares. UBS AG raised shares of HD Supply Holdings to an “outperform” rating and set a $44.00 price objective for the company in a report on Wednesday, April 19th. Raymond James Financial, Inc. raised shares of HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Friday, April 21st. Robert W. Baird lowered shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $47.00 to $37.00 in a report on Wednesday, June 7th. Drexel Hamilton lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $37.00 in a report on Wednesday, June 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $39.00 price objective (down from $53.00) on shares of HD Supply Holdings in a report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.64.

HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, 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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