DNB Asset Management AS boosted its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,109 shares of the industrial products company’s stock after acquiring an additional 4,180 shares during the period. DNB Asset Management AS’s holdings in HD Supply were worth $1,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of HDS. Pearl River Capital LLC raised its holdings in HD Supply by 18.4% in the second quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 368 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new stake in HD Supply in the second quarter valued at $124,000. Meeder Asset Management Inc. raised its holdings in HD Supply by 18.7% in the second quarter. Meeder Asset Management Inc. now owns 4,284 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 674 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in HD Supply in the second quarter valued at $194,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in HD Supply in the second quarter valued at $207,000. 98.12% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on HDS shares. ValuEngine cut shares of HD Supply from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. Robert W. Baird cut shares of HD Supply from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $40.00 in a report on Wednesday, September 11th. Bank of America set a $51.00 target price on shares of HD Supply and gave the stock a “buy” rating in a report on Friday, September 6th. SunTrust Banks increased their target price on shares of HD Supply to $50.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Co increased their target price on shares of HD Supply from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.82.

HD Supply stock opened at $39.74 on Monday. The company has a 50-day simple moving average of $39.01 and a 200-day simple moving average of $40.82. The firm has a market capitalization of $6.60 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.69 and a beta of 1.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 2.05. HD Supply Holdings Inc has a one year low of $35.35 and a one year high of $47.13.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.08. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. HD Supply’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. As a group, sell-side analysts forecast that HD Supply Holdings Inc will post 3.51 earnings per share for the current year.

In related news, Director Lauren Taylor Wolfe bought 600,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of $38.55 per share, for a total transaction of $23,130,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.89% of the company’s stock.

About HD Supply

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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

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