HD Supply Holdings, Inc. (HDS) Shares Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System increased its holdings in shares of HD Supply Holdings, Inc. (NASDAQ:HDS) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 214,322 shares of the industrial products company’s stock after purchasing an additional 10,240 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.11% of HD Supply Holdings worth $7,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Alps Advisors Inc. lifted its holdings in shares of HD Supply Holdings by 0.3% during the second quarter. Alps Advisors Inc. now owns 11,673 shares of the industrial products company’s stock valued at $358,000 after purchasing an additional 30 shares in the last quarter. World Asset Management Inc lifted its holdings in shares of HD Supply Holdings by 0.4% during the second quarter. World Asset Management Inc now owns 9,073 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 33 shares in the last quarter. Utah Retirement Systems lifted its holdings in shares of HD Supply Holdings by 0.5% during the second quarter. Utah Retirement Systems now owns 36,900 shares of the industrial products company’s stock valued at $1,130,000 after purchasing an additional 200 shares in the last quarter. Delphi Management Inc. MA lifted its holdings in shares of HD Supply Holdings by 0.5% during the second quarter. Delphi Management Inc. MA now owns 62,359 shares of the industrial products company’s stock valued at $1,910,000 after purchasing an additional 339 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. lifted its holdings in shares of HD Supply Holdings by 0.5% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 101,703 shares of the industrial products company’s stock valued at $3,115,000 after purchasing an additional 474 shares in the last quarter. 98.83% of the stock is currently owned by hedge funds and other institutional investors.

HD Supply Holdings, Inc. (HDS) opened at $35.67 on Monday. The company has a debt-to-equity ratio of 3.57, a current ratio of 2.04 and a quick ratio of 1.41. 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 capitalization of $6,657.67, a PE ratio of 14.04, a PEG ratio of 0.81 and a beta of 1.40.

HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, hitting the consensus estimate of $0.64. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. research analysts expect that HD Supply Holdings, Inc. will post 2.21 EPS for the current fiscal year.

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

A number of research analysts have recently issued reports on HDS shares. BidaskClub raised HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $35.00 target price on shares of HD Supply Holdings in a report on Friday. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 target price (up previously from $36.00) on shares of HD Supply Holdings in a report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and issued a $38.00 target price on shares of HD Supply Holdings in a report on Monday, October 9th. Finally, Northcoast Research started coverage on HD Supply Holdings in a report on Tuesday, July 25th. They issued a “neutral” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.50.

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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.

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

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