Sei Investments Co. Lowers Stake in HD Supply Holdings Inc (NASDAQ:HDS)

Sei Investments Co. decreased its stake in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 29.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,379 shares of the industrial products company’s stock after selling 102,185 shares during the quarter. Sei Investments Co. owned about 0.13% of HD Supply worth $8,994,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Creative Planning lifted its holdings in HD Supply by 15.2% during the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 500 shares in the last quarter. Barrett Asset Management LLC purchased a new position in shares of HD Supply in the second quarter worth about $161,000. Pinebridge Investments L.P. lifted its stake in shares of HD Supply by 170.0% in the second quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock worth $165,000 after buying an additional 3,400 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in HD Supply during the second quarter worth about $181,000. Finally, Global X Management Co. LLC increased its position in HD Supply by 220.9% during the second quarter. Global X Management Co. LLC now owns 6,385 shares of the industrial products company’s stock worth $196,000 after purchasing an additional 4,395 shares during the last quarter.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday. SunTrust Banks reissued a “hold” rating and issued a $35.00 price objective on shares of HD Supply in a research note on Friday, November 10th. Zacks Investment Research downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. BidaskClub downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Robert W. Baird reissued a “hold” rating and issued a $38.00 price objective on shares of HD Supply in a research note on Monday, October 9th. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. HD Supply currently has an average rating of “Hold” and a consensus target price of $38.15.

HD Supply Holdings Inc (NASDAQ HDS) traded down $0.16 during mid-day trading on Wednesday, reaching $38.64. The company’s stock had a trading volume of 2,756,616 shares, compared to its average volume of 2,721,089. The company has a debt-to-equity ratio of 3.57, a current ratio of 2.04 and a quick ratio of 1.41. The company has a market capitalization of $6,810.72, a PE ratio of 14.37, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40. HD Supply Holdings Inc has a 12 month low of $28.97 and a 12 month high of $44.73.

HD Supply (NASDAQ:HDS) last released its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. HD Supply had a return on equity of 49.76% and a net margin of 9.31%. HD Supply’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. analysts predict that HD Supply Holdings Inc will post 2.21 EPS for the current fiscal year.

HD Supply declared that its Board of Directors has authorized a share buyback 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 generally a sign that the company’s management believes its stock is undervalued.

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About HD Supply

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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