New York State Teachers Retirement System cut its position in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 18.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,500 shares of the industrial products company’s stock after selling 3,300 shares during the period. New York State Teachers Retirement System’s holdings in HD Supply Holdings were worth $523,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of HD Supply Holdings by 112.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 32,637 shares of the industrial products company’s stock worth $1,177,000 after buying an additional 17,282 shares during the period. Supplemental Annuity Collective Trust of NJ boosted its holdings in shares of HD Supply Holdings by 20.0% during the 3rd quarter. Supplemental Annuity Collective Trust of NJ now owns 24,000 shares of the industrial products company’s stock worth $866,000 after buying an additional 4,000 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in shares of HD Supply Holdings by 4.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,875,000 shares of the industrial products company’s stock worth $67,632,000 after buying an additional 75,000 shares during the period. Aperio Group LLC boosted its holdings in shares of HD Supply Holdings by 16.5% during the 3rd quarter. Aperio Group LLC now owns 41,016 shares of the industrial products company’s stock worth $1,479,000 after buying an additional 5,810 shares during the period. Finally, Intermede Investment Partners Ltd boosted its holdings in shares of HD Supply Holdings by 41.7% during the 3rd quarter. Intermede Investment Partners Ltd now owns 1,149,265 shares of the industrial products company’s stock worth $41,454,000 after buying an additional 338,313 shares during the period. Institutional investors own 98.83% of the company’s stock.

Shares of HD Supply Holdings, Inc. (NASDAQ:HDS) opened at $34.58 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 2.04 and a debt-to-equity ratio of 3.57. The stock has a market cap of $6,528.88, a PE ratio of 13.77, a price-to-earnings-growth ratio of 0.79 and a beta of 1.40. HD Supply Holdings, Inc. has a twelve month low of $28.97 and a twelve month high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. equities research analysts expect 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 share buyback 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. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Several analysts recently commented 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 target price for the company in a report on Tuesday, August 8th. BidaskClub raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. ValuEngine raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 target price (up previously from $36.00) on shares of HD Supply Holdings in a report 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 has a consensus rating of “Hold” and a consensus price target of $38.50.

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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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