Neuberger Berman Group LLC trimmed its holdings in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 75.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,736 shares of the industrial products company’s stock after selling 373,097 shares during the period. Neuberger Berman Group LLC owned approximately 0.06% of HD Supply Holdings worth $3,637,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. lifted its stake in HD Supply Holdings by 11.5% during the 2nd quarter. Pacer Advisors Inc. now owns 30,375 shares of the industrial products company’s stock valued at $930,000 after acquiring an additional 3,124 shares during the period. Utah Retirement Systems lifted its stake in HD Supply Holdings by 0.5% during the 2nd quarter. Utah Retirement Systems now owns 36,900 shares of the industrial products company’s stock valued at $1,130,000 after acquiring an additional 200 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in HD Supply Holdings during the 2nd quarter valued at approximately $12,358,000. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in HD Supply Holdings during the 2nd quarter valued at approximately $1,950,000. Finally, Andra AP fonden acquired a new stake in HD Supply Holdings during the 2nd quarter valued at approximately $2,303,000. Institutional investors and hedge funds own 95.48% of the company’s stock.

Shares of HD Supply Holdings, Inc. (HDS) opened at 33.54 on Thursday. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 10.59 and a beta of 1.40. The company has a 50-day moving average of $31.85 and a 200 day moving average of $36.24. HD Supply Holdings, Inc. has a one year low of $28.97 and a one year high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period last year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts forecast that HD Supply Holdings, Inc. will post $2.21 earnings per share for the current fiscal year.

HD Supply Holdings announced that its Board of Directors has authorized a stock buyback program on Tuesday, June 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Several analysts have commented on HDS shares. Deutsche Bank AG cut shares of HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research note on Friday, June 9th. J P Morgan Chase & Co upgraded shares of HD Supply Holdings from a “neutral” rating to an “overweight” rating and set a $36.00 price objective for the company in a research note on Friday, July 14th. Robert W. Baird cut shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $47.00 to $37.00 in a research note on Wednesday, June 7th. Susquehanna Bancshares Inc restated a “neutral” rating on shares of HD Supply Holdings in a research note on Wednesday, June 14th. Finally, Drexel Hamilton lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating and cut their target price for the company from $50.00 to $37.00 in a report on Wednesday, June 7th. Fourteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $38.14.

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HD Supply Holdings Company Profile

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

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

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