US Bancorp DE decreased its position in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 11.9% during the second quarter, Holdings Channel reports. The firm owned 26,593 shares of the industrial products company’s stock after selling 3,607 shares during the period. US Bancorp DE’s holdings in HD Supply Holdings were worth $814,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of HDS. Benjamin F. Edwards & Company Inc. boosted its position in shares of HD Supply Holdings by 6,444.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,945 shares of the industrial products company’s stock valued at $121,000 after buying an additional 2,900 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of HD Supply Holdings by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after buying an additional 49 shares during the period. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of HD Supply Holdings during the first quarter valued at about $136,000. Tower Research Capital LLC TRC boosted its position in shares of HD Supply Holdings by 648.1% in the first quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock valued at $153,000 after buying an additional 3,221 shares during the period. Finally, Creative Planning boosted its position in shares of HD Supply Holdings by 15.2% in the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after buying an additional 500 shares during the period. 97.60% of the stock is owned by institutional investors.

Shares of HD Supply Holdings, Inc. (HDS) traded up 2.33% during mid-day trading on Friday, hitting $30.76. 2,308,144 shares of the stock were exchanged. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 21.16 and a beta of 1.41. HD Supply Holdings, Inc. has a 52-week low of $28.97 and a 52-week high of $44.73. The stock has a 50-day moving average price of $31.15 and a 200 day moving average price of $37.99.

HD Supply Holdings (NASDAQ:HDS) last announced 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. 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 business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. On average, equities research analysts expect that HD Supply Holdings, Inc. will post $2.10 earnings per share for the current year.

HD Supply Holdings declared that its Board of Directors has authorized a stock buyback program on Tuesday, June 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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HDS has been the subject of several recent analyst reports. Longbow Research cut shares of HD Supply Holdings from a “buy” rating to a “neutral” rating in a report on Monday, July 10th. Raymond James Financial, Inc. raised shares of HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a report on Friday, April 21st. Robert W. Baird cut shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $47.00 to $37.00 in a report on Wednesday, June 7th. ValuEngine cut shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $39.00 target price (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 issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average 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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