Sheaff Brock Investment Advisors LLC Cuts Holdings in HD Supply Holdings Inc (HDS)

Sheaff Brock Investment Advisors LLC decreased its holdings in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 42.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,400 shares of the industrial products company’s stock after selling 7,600 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in HD Supply were worth $375,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. OZ Management LP acquired a new stake in HD Supply during the 2nd quarter valued at $117,147,000. State of New Jersey Common Pension Fund D lifted its holdings in HD Supply by 4.2% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,875,000 shares of the industrial products company’s stock valued at $67,632,000 after purchasing an additional 75,000 shares during the last quarter. Pacad Investment Ltd. lifted its holdings in HD Supply by 33.6% during the 2nd quarter. Pacad Investment Ltd. now owns 44,100 shares of the industrial products company’s stock valued at $1,351,000 after purchasing an additional 11,089 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in HD Supply during the 2nd quarter valued at $3,388,000. Finally, State of Wisconsin Investment Board lifted its holdings in HD Supply by 324.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 170,755 shares of the industrial products company’s stock valued at $5,230,000 after purchasing an additional 130,560 shares during the last quarter.

HD Supply Holdings Inc (NASDAQ:HDS) opened at $38.80 on Wednesday. The company has a debt-to-equity ratio of 3.57, a current ratio of 2.04 and a quick ratio of 1.41. HD Supply Holdings Inc has a 12-month low of $28.97 and a 12-month high of $44.73. The company has a market capitalization of $7,350.00, a price-to-earnings ratio of 14.26, a P/E/G ratio of 0.82 and a beta of 1.40.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings results on Monday, December 4th. The industrial products company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.15. HD Supply had a return on equity of 49.76% and a net margin of 9.31%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business earned $0.83 earnings per share. HD Supply’s revenue was up 7.5% on a year-over-year basis. analysts expect that HD Supply Holdings Inc will post 2.21 EPS for the current fiscal year.

HD Supply declared that its board has initiated a share buyback plan 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

HDS has been the subject of several research reports. Credit Suisse Group downgraded HD Supply from an “outperform” rating to a “neutral” rating and set a $33.00 price target for the company. in a report on Friday, September 8th. Royal Bank Of Canada raised their price target on HD Supply from $39.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, August 30th. Zacks Investment Research downgraded HD Supply from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub cut HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Robert W. Baird reiterated a “hold” rating and set a $38.00 price objective on shares of HD Supply in a research report on Monday, October 9th. Thirteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average 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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