NGAM Advisors L.P. lowered its stake in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 14.9% during the second quarter, Holdings Channel reports. The fund owned 81,588 shares of the industrial products company’s stock after selling 14,267 shares during the period. NGAM Advisors L.P.’s holdings in HD Supply Holdings were worth $2,499,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HDS. Tower Bridge Advisors boosted its stake in HD Supply Holdings by 30.5% in the second quarter. Tower Bridge Advisors now owns 95,428 shares of the industrial products company’s stock valued at $2,923,000 after buying an additional 22,297 shares during the period. Sumitomo Mitsui Asset Management Company LTD bought a new stake in HD Supply Holdings during the second quarter valued at about $425,000. Shell Asset Management Co. boosted its stake in HD Supply Holdings by 97.5% in the second quarter. Shell Asset Management Co. now owns 17,274 shares of the industrial products company’s stock valued at $529,000 after buying an additional 8,529 shares during the period. Aperio Group LLC boosted its stake in HD Supply Holdings by 8.0% in the second quarter. Aperio Group LLC now owns 35,206 shares of the industrial products company’s stock valued at $1,078,000 after buying an additional 2,613 shares during the period. Finally, Crow Point Partners LLC bought a new stake in HD Supply Holdings during the second quarter valued at about $398,000. Institutional investors own 97.60% of the company’s stock.

Shares of HD Supply Holdings, Inc. (HDS) opened at 30.76 on Friday. The stock has a market cap of $6.23 billion, a PE ratio of 21.16 and a beta of 1.41. HD Supply Holdings, Inc. has a 12 month low of $28.97 and a 12 month high of $44.73. The stock has a 50 day moving average of $31.15 and a 200 day moving average of $37.99.

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

HD Supply Holdings declared that its board has approved a stock buyback plan on Tuesday, June 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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Several research firms have issued reports on HDS. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of HD Supply Holdings in a research report on Wednesday, June 14th. Robert W. Baird cut shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $47.00 to $37.00 in a research report on Wednesday, June 7th. BidaskClub cut shares of HD Supply Holdings from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. 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 research report on Friday, April 21st. Finally, Zacks Investment Research raised shares of HD Supply Holdings from a “strong sell” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. HD Supply Holdings presently has an average rating of “Buy” and a consensus target price of $39.64.

About HD Supply Holdings

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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