Marathon Partners Equity Management LLC Boosts Position in HD Supply Holdings Inc (HDS)

Marathon Partners Equity Management LLC boosted its holdings in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 289.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 710,000 shares of the industrial products company’s stock after buying an additional 527,500 shares during the period. HD Supply makes up about 11.3% of Marathon Partners Equity Management LLC’s holdings, making the stock its largest holding. Marathon Partners Equity Management LLC owned 0.38% of HD Supply worth $25,610,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HDS. FMR LLC raised its position in HD Supply by 16.4% during the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock valued at $905,504,000 after purchasing an additional 4,162,500 shares in the last quarter. Vanguard Group Inc. raised its position in HD Supply by 2.5% during the second quarter. Vanguard Group Inc. now owns 15,995,119 shares of the industrial products company’s stock valued at $489,930,000 after purchasing an additional 383,895 shares in the last quarter. BlackRock Inc. raised its position in HD Supply by 20.6% during the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after purchasing an additional 1,688,213 shares in the last quarter. Iridian Asset Management LLC CT raised its position in HD Supply by 84.7% during the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock valued at $200,420,000 after purchasing an additional 3,000,390 shares in the last quarter. Finally, Farallon Capital Management LLC raised its position in HD Supply by 16.0% during the second quarter. Farallon Capital Management LLC now owns 6,150,156 shares of the industrial products company’s stock valued at $188,379,000 after purchasing an additional 850,562 shares in the last quarter.

HD Supply Holdings Inc (NASDAQ:HDS) opened at $38.64 on Thursday. The company has a market capitalization of $7,204.31, a PE ratio of 15.46, a PEG ratio of 0.86 and a beta of 1.40. The company has a quick ratio of 1.41, a current ratio of 2.04 and a debt-to-equity ratio of 3.57. HD Supply Holdings Inc has a twelve month low of $28.97 and a twelve month high of $44.73.

HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Tuesday, December 5th. The industrial products company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. HD Supply had a return on equity of 46.02% and a net margin of 16.55%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. research analysts expect that HD Supply Holdings Inc will post 2.25 EPS for the current year.

HD Supply announced that its board has initiated a stock buyback program on Tuesday, August 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of research firms have weighed in on HDS. ValuEngine upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday. SunTrust Banks reiterated a “hold” rating and issued a $35.00 price objective on shares of HD Supply in a report on Friday, November 10th. Zacks Investment Research downgraded HD Supply from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. BidaskClub downgraded HD Supply from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $38.00 price objective on shares of HD Supply in a report on Monday, October 9th. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.15.

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HD Supply 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 (NASDAQ:HDS)

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