Amundi Pioneer Asset Management Inc. acquired a new position in shares of HD Supply Holdings Inc (NASDAQ:HDS) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 132,534 shares of the industrial products company’s stock, valued at approximately $5,305,000.
Other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in shares of HD Supply during the fourth quarter worth $132,000. Bessemer Group Inc. increased its position in shares of HD Supply by 849.5% during the fourth quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 3,109 shares during the period. American International Group Inc. purchased a new stake in shares of HD Supply during the fourth quarter worth $177,000. Cadence Capital Management LLC purchased a new position in HD Supply in the fourth quarter valued at $215,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in HD Supply in the fourth quarter valued at $228,000. 96.96% of the stock is currently owned by institutional investors and hedge funds.
HDS stock opened at $38.65 on Wednesday. The company has a quick ratio of 1.93, a current ratio of 3.02 and a debt-to-equity ratio of 1.43. HD Supply Holdings Inc has a 12 month low of $28.97 and a 12 month high of $42.25. The stock has a market cap of $7,272.39, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.63 and a beta of 1.31.
HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.05. HD Supply had a net margin of 16.79% and a return on equity of 37.90%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. HD Supply’s revenue for the quarter was up 9.0% on a year-over-year basis. equities research analysts forecast that HD Supply Holdings Inc will post 3.1 EPS for the current fiscal year.
Several research firms recently commented on HDS. Zacks Investment Research raised HD Supply from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday. BidaskClub raised HD Supply from a “strong sell” rating to a “sell” rating in a report on Friday, March 16th. Goldman Sachs reissued a “neutral” rating on shares of HD Supply in a report on Monday. Barclays increased their target price on HD Supply from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, March 14th. Finally, ValuEngine raised HD Supply from a “hold” rating to a “buy” rating in a report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. HD Supply presently has a consensus rating of “Hold” and a consensus price target of $39.71.
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HD Supply Company 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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