Neuberger Berman Group LLC Lowers Position in HD Supply Holdings, Inc. (HDS)

Neuberger Berman Group LLC cut its holdings in HD Supply Holdings, Inc. (NASDAQ:HDS) by 75.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,736 shares of the industrial products company’s stock after selling 373,097 shares during the period. Neuberger Berman Group LLC owned about 0.06% of HD Supply Holdings worth $3,637,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. grew its holdings in HD Supply Holdings by 1.7% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 49 shares during the period. DUPONT CAPITAL MANAGEMENT Corp bought a new position in HD Supply Holdings during the first quarter valued at $136,000. Tower Research Capital LLC TRC grew its holdings in HD Supply Holdings by 648.1% during the first quarter. Tower Research Capital LLC TRC now owns 3,718 shares of the industrial products company’s stock valued at $153,000 after purchasing an additional 3,221 shares during the period. Creative Planning lifted its position in shares of HD Supply Holdings by 15.2% during the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 500 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of HD Supply Holdings during the second quarter worth $129,000.

Shares of HD Supply Holdings, Inc. (HDS) opened at 34.32 on Thursday. HD Supply Holdings, Inc. has a 1-year low of $28.97 and a 1-year high of $44.73. The company has a 50 day moving average price of $31.96 and a 200 day moving average price of $35.88. The company has a market capitalization of $6.41 billion, a PE ratio of 10.84 and a beta of 1.40.

HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings results 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 net margin of 9.31% and a return on equity of 49.76%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Equities analysts predict that HD Supply Holdings, Inc. will post $2.21 EPS for the current fiscal year.

HD Supply Holdings declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Several research firms have issued reports on HDS. ValuEngine downgraded HD Supply Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Drexel Hamilton downgraded HD Supply Holdings from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $50.00 to $37.00 in a research report on Wednesday, June 7th. Robert W. Baird downgraded HD Supply Holdings from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $47.00 to $37.00 in a research report on Wednesday, June 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $39.00 price objective (down previously from $53.00) on shares of HD Supply Holdings in a research report on Wednesday, June 7th. Finally, Morgan Stanley downgraded HD Supply Holdings from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $46.00 to $36.00 in a research report on Wednesday, June 7th. Fourteen 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 target price 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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