HighTower Advisors LLC lifted its stake in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 184.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 63,593 shares of the industrial products company’s stock after buying an additional 41,248 shares during the quarter. HighTower Advisors LLC’s holdings in HD Supply were worth $1,817,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its stake in HD Supply by 9.3% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,922 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 334 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in HD Supply by 1.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 38,955 shares of the industrial products company’s stock worth $1,107,000 after purchasing an additional 497 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in HD Supply by 27.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,341 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 511 shares in the last quarter. Eqis Capital Management Inc. raised its stake in HD Supply by 6.8% in the 1st quarter. Eqis Capital Management Inc. now owns 8,409 shares of the industrial products company’s stock worth $349,000 after purchasing an additional 536 shares in the last quarter. Finally, Squar Milner Financial Services LLC raised its stake in HD Supply by 25.1% in the 1st quarter. Squar Milner Financial Services LLC now owns 2,763 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 554 shares in the last quarter. Institutional investors own 96.50% of the company’s stock.

HDS has been the subject of several analyst reports. Bank of America cut shares of HD Supply from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price objective on shares of HD Supply from $30.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 23rd. Raymond James decreased their target price on shares of HD Supply from $45.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, March 16th. ValuEngine lowered shares of HD Supply from a “hold” rating to a “sell” rating in a report on Tuesday, April 21st. Finally, Wells Fargo & Co raised their target price on shares of HD Supply from $30.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a sell rating, ten 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 price target of $40.90.

In other HD Supply news, insider Jana Partners Llc sold 459,129 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $35.58, for a total transaction of $16,335,809.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Taylor Wolfe bought 95,957 shares of HD Supply stock in a transaction on Friday, April 3rd. The shares were acquired at an average cost of $25.76 per share, for a total transaction of $2,471,852.32. The disclosure for this purchase can be found here. Insiders own 1.75% of the company’s stock.

Shares of HD Supply stock opened at $33.66 on Tuesday. The firm has a market capitalization of $5.36 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 3.48 and a beta of 1.15. The company has a current ratio of 2.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.70. The firm’s 50 day moving average is $32.41 and its 200 day moving average is $34.95. HD Supply Holdings Inc has a 1 year low of $21.69 and a 1 year high of $43.25.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, June 9th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.15. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. HD Supply had a net margin of 6.89% and a return on equity of 40.62%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. As a group, research analysts anticipate that HD Supply Holdings Inc will post 2.52 earnings per share for the current year.

HD Supply Profile

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.

Further Reading: Market Indexes

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

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