New Jersey Better Educational Savings Trust increased its stake in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 25.0% during the second quarter, Holdings Channel reports. The institutional investor owned 15,000 shares of the industrial products company’s stock after buying an additional 3,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in HD Supply Holdings were worth $459,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in HD Supply Holdings by 11.7% in the first quarter. FMR LLC now owns 25,400,170 shares of the industrial products company’s stock valued at $1,044,582,000 after buying an additional 2,661,459 shares in the last quarter. Vanguard Group Inc. increased its position in HD Supply Holdings by 2.6% in the first quarter. Vanguard Group Inc. now owns 15,611,224 shares of the industrial products company’s stock valued at $642,012,000 after buying an additional 400,921 shares in the last quarter. BlackRock Inc. increased its position in HD Supply Holdings by 17,050.5% in the first quarter. BlackRock Inc. now owns 8,197,945 shares of the industrial products company’s stock valued at $337,140,000 after buying an additional 8,150,145 shares in the last quarter. Artisan Partners Limited Partnership increased its position in HD Supply Holdings by 1.9% in the first quarter. Artisan Partners Limited Partnership now owns 5,031,231 shares of the industrial products company’s stock valued at $206,909,000 after buying an additional 95,161 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in HD Supply Holdings by 7.6% in the first quarter. Wells Fargo & Company MN now owns 4,363,655 shares of the industrial products company’s stock valued at $179,456,000 after buying an additional 310,029 shares in the last quarter. Hedge funds and other institutional investors own 97.60% of the company’s stock.

Shares of HD Supply Holdings, Inc. (HDS) opened at 30.06 on Friday. HD Supply Holdings, Inc. has a 52-week low of $28.97 and a 52-week high of $44.73. The company’s 50-day moving average is $31.19 and its 200 day moving average is $38.07. The company has a market cap of $6.09 billion, a PE ratio of 20.67 and a beta of 1.41.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by $0.02. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. On average, analysts anticipate that HD Supply Holdings, Inc. will post $2.10 EPS for the current year.

HD Supply Holdings declared that its board has authorized a share buyback plan on Tuesday, June 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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Several equities analysts have commented on HDS shares. Morgan Stanley downgraded shares of HD Supply Holdings from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $46.00 to $36.00 in a report on Wednesday, June 7th. Deutsche Bank AG downgraded shares of HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a report on Friday, June 9th. Drexel Hamilton downgraded shares of HD Supply Holdings from a “buy” rating to a “hold” rating and decreased their price objective for the company from $50.00 to $37.00 in a report on Wednesday, June 7th. Longbow Research downgraded shares of HD Supply Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $39.00 price target (down from $53.00) on shares of HD Supply Holdings in a research note on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price 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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