ETRADE Capital Management LLC raised its position in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 7.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,465 shares of the industrial products company’s stock after buying an additional 597 shares during the quarter. ETRADE Capital Management LLC’s holdings in HD Supply Holdings were worth $259,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HDS. Nordea Investment Management AB boosted its position in shares of HD Supply Holdings by 16.0% in the first quarter. Nordea Investment Management AB now owns 36,873 shares of the industrial products company’s stock worth $1,516,000 after buying an additional 5,081 shares during the period. OZ Management LP purchased a new position in shares of HD Supply Holdings during the second quarter valued at $117,147,000. Morgan Stanley grew its holdings in shares of HD Supply Holdings by 41.5% during the first quarter. Morgan Stanley now owns 885,375 shares of the industrial products company’s stock valued at $36,411,000 after buying an additional 259,835 shares in the last quarter. Pacad Investment Ltd. grew its holdings in shares of HD Supply Holdings by 33.6% during the second quarter. Pacad Investment Ltd. now owns 44,100 shares of the industrial products company’s stock valued at $1,351,000 after buying an additional 11,089 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in shares of HD Supply Holdings by 324.8% during the second quarter. State of Wisconsin Investment Board now owns 170,755 shares of the industrial products company’s stock valued at $5,230,000 after buying an additional 130,560 shares in the last quarter.

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HD Supply Holdings, Inc. (NASDAQ HDS) opened at 36.07 on Monday. 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 $6.73 billion, a P/E ratio of 11.39 and a beta of 1.41. The stock’s 50 day moving average is $31.96 and its 200-day moving average is $35.88.

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 consensus estimate of $0.64. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the business earned $0.85 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts predict that HD Supply Holdings, Inc. will post $2.21 earnings per share for the current fiscal year.

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

Several research analysts recently weighed in on the company. Zacks Investment Research raised HD Supply Holdings from a “strong sell” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, August 8th. BidaskClub upgraded HD Supply Holdings from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley lowered HD Supply Holdings from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $46.00 to $36.00 in a research report on Wednesday, June 7th. Drexel Hamilton lowered HD Supply Holdings from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $50.00 to $37.00 in a research report on Wednesday, June 7th. Finally, Deutsche Bank AG cut HD Supply Holdings from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research note on Friday, June 9th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. HD Supply Holdings has an average rating of “Hold” and a consensus 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.

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

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