Andra AP fonden cut its position in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,400 shares of the industrial products company’s stock after selling 2,800 shares during the period. Andra AP fonden’s holdings in HD Supply Holdings were worth $2,611,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HDS. Dimensional Fund Advisors LP raised its stake in HD Supply Holdings by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 669,461 shares of the industrial products company’s stock worth $27,531,000 after purchasing an additional 15,264 shares during the period. KCG Holdings Inc. purchased a new stake in shares of HD Supply Holdings in the 1st quarter valued at approximately $317,000. Janus Capital Management LLC raised its stake in shares of HD Supply Holdings by 114.3% in the 1st quarter. Janus Capital Management LLC now owns 115,500 shares of the industrial products company’s stock valued at $4,750,000 after acquiring an additional 61,600 shares during the period. DnB Asset Management AS purchased a new stake in shares of HD Supply Holdings in the 2nd quarter valued at approximately $553,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of HD Supply Holdings in the 2nd quarter valued at approximately $129,000.

A number of equities research analysts have recently issued reports on HDS shares. Zacks Investment Research raised shares of 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 note on Tuesday, August 8th. BidaskClub raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. ValuEngine raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $37.00 price target (up from $36.00) on shares of HD Supply Holdings in a research note on Friday, September 1st. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. HD Supply Holdings presently has an average rating of “Hold” and a consensus target price of $38.71.

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Shares of HD Supply Holdings, Inc. (NASDAQ HDS) opened at $35.67 on Friday. HD Supply Holdings, Inc. has a 52 week low of $28.97 and a 52 week high of $44.73. The firm has a market cap of $6,683.80, a P/E ratio of 14.10, a P/E/G ratio of 0.81 and a beta of 1.40. The company has a current ratio of 2.04, a quick ratio of 1.41 and a debt-to-equity ratio of 3.57.

HD Supply Holdings (NASDAQ:HDS) last announced its 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $0.85 EPS. The firm’s revenue for the quarter 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 year.

HD Supply Holdings declared that its board has approved a stock repurchase program on Tuesday, August 29th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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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