Riverhead Capital Management LLC lowered its holdings in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,800 shares of the industrial products company’s stock after selling 700 shares during the period. Riverhead Capital Management LLC’s holdings in HD Supply Holdings were worth $423,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Alps Advisors Inc. boosted its stake in HD Supply Holdings by 0.3% during the second quarter. Alps Advisors Inc. now owns 11,673 shares of the industrial products company’s stock worth $358,000 after acquiring an additional 30 shares in the last quarter. World Asset Management Inc lifted its stake in shares of HD Supply Holdings by 0.4% in the second quarter. World Asset Management Inc now owns 9,073 shares of the industrial products company’s stock worth $278,000 after buying an additional 33 shares in the last quarter. Cadence Capital Management LLC lifted its stake in shares of HD Supply Holdings by 0.9% in the first quarter. Cadence Capital Management LLC now owns 6,096 shares of the industrial products company’s stock worth $251,000 after buying an additional 53 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of HD Supply Holdings by 0.4% in the first quarter. Teacher Retirement System of Texas now owns 15,831 shares of the industrial products company’s stock worth $651,000 after buying an additional 61 shares in the last quarter. Finally, Utah Retirement Systems lifted its stake in shares of HD Supply Holdings by 0.5% in the second quarter. Utah Retirement Systems now owns 36,900 shares of the industrial products company’s stock worth $1,130,000 after buying an additional 200 shares in the last quarter.

HD Supply Holdings, Inc. (NASDAQ HDS) opened at 34.92 on Friday. HD Supply Holdings, Inc. has a 12 month low of $28.97 and a 12 month high of $44.73. The company has a market cap of $6.52 billion, a P/E ratio of 11.03 and a beta of 1.40. The company’s 50-day moving average is $31.96 and its 200-day moving average is $35.88.

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

HD Supply Holdings announced that its board has approved a share repurchase program on Tuesday, June 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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Several research analysts have recently issued reports on HDS shares. Credit Suisse Group downgraded shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research note on Friday, September 8th. Longbow Research downgraded shares of HD Supply Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $37.00 target price (up previously from $36.00) on shares of HD Supply Holdings in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, BidaskClub upgraded shares of HD Supply Holdings from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.14.

About HD Supply Holdings

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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