Nationwide Fund Advisors Sells 281,005 Shares of HD Supply Holdings, Inc. (HDS)

Nationwide Fund Advisors lessened its holdings in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 34.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 544,043 shares of the industrial products company’s stock after selling 281,005 shares during the period. Nationwide Fund Advisors owned 0.27% of HD Supply Holdings worth $16,664,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB lifted its holdings in shares of HD Supply Holdings by 16.0% during the first quarter. Nordea Investment Management AB now owns 36,873 shares of the industrial products company’s stock worth $1,516,000 after purchasing an additional 5,081 shares during the period. OZ Management LP acquired a new position in shares of HD Supply Holdings during the second quarter worth $117,147,000. Morgan Stanley lifted 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 worth $36,411,000 after purchasing an additional 259,835 shares during the period. TIAA CREF Investment Management LLC lifted its holdings in shares of HD Supply Holdings by 60.3% during the first quarter. TIAA CREF Investment Management LLC now owns 1,918,959 shares of the industrial products company’s stock worth $78,917,000 after purchasing an additional 721,635 shares during the period. Finally, Pacad Investment Ltd. lifted 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 worth $1,351,000 after purchasing an additional 11,089 shares during the period.

HD Supply Holdings, Inc. (NASDAQ:HDS) opened at 34.32 on Thursday. The firm has a market cap of $6.41 billion, a price-to-earnings ratio of 10.84 and a beta of 1.40. HD Supply Holdings, Inc. has a 12-month low of $28.97 and a 12-month high of $44.73. The company has a 50-day moving average of $31.96 and a 200 day moving average of $35.88.

HD Supply Holdings (NASDAQ:HDS) last announced its quarterly earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The business 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%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. Equities 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 stock buyback 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 purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

A number of brokerages have recently commented on HDS. Zacks Investment Research lowered shares of HD Supply Holdings from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Credit Suisse Group lowered shares of HD Supply Holdings from an “outperform” rating to a “neutral” rating and set a $33.00 price target on the stock. in a report on Friday, September 8th. Royal Bank Of Canada cut their price target on shares of HD Supply Holdings from $41.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 7th. Morgan Stanley reiterated an “equal weight” rating and set a $37.00 price target (up previously from $36.00) on shares of HD Supply Holdings in a report on Friday, September 1st. Finally, BidaskClub upgraded shares of HD Supply Holdings from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Fourteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. HD Supply Holdings has an average rating of “Hold” and a consensus price target of $38.14.

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HD Supply Holdings 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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