AQR Capital Management LLC raised its position in HD Supply Holdings Inc (NASDAQ:HDS) by 102.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,371,807 shares of the industrial products company’s stock after buying an additional 692,658 shares during the period. AQR Capital Management LLC owned 0.80% of HD Supply worth $55,256,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FinTrust Capital Advisors LLC raised its stake in shares of HD Supply by 36.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after buying an additional 350 shares during the last quarter. Pearl River Capital LLC raised its stake in shares of HD Supply by 18.4% during the second quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock worth $95,000 after buying an additional 368 shares during the last quarter. YorkBridge Wealth Partners LLC acquired a new position in HD Supply during the second quarter valued at approximately $124,000. Twin Tree Management LP grew its holdings in HD Supply by 61.2% during the first quarter. Twin Tree Management LP now owns 3,298 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 1,252 shares during the period. Finally, Signaturefd LLC grew its holdings in HD Supply by 49.1% during the first quarter. Signaturefd LLC now owns 3,797 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 1,250 shares during the period. 97.93% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on HDS. Northcoast Research restated a “buy” rating on shares of HD Supply in a report on Wednesday, June 12th. Barclays cut shares of HD Supply from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $44.00 to $42.00 in a report on Thursday, September 26th. Buckingham Research cut shares of HD Supply from a “buy” rating to a “neutral” rating in a report on Wednesday, September 11th. BidaskClub upgraded shares of HD Supply from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Finally, ValuEngine raised shares of HD Supply from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. HD Supply currently has an average rating of “Hold” and a consensus price target of $46.36.
NASDAQ:HDS opened at $38.21 on Tuesday. The firm’s 50-day simple moving average is $38.81 and its 200 day simple moving average is $41.01. HD Supply Holdings Inc has a 52 week low of $35.35 and a 52 week high of $47.13. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 2.05. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 0.65 and a beta of 1.11.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.63 billion. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS. Sell-side analysts anticipate that HD Supply Holdings Inc will post 3.52 EPS for the current year.
In other HD Supply news, Director Lauren Taylor Wolfe acquired 600,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of $38.55 per share, for a total transaction of $23,130,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.89% of the stock is owned by company insiders.
HD Supply Profile
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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