California State Teachers Retirement System lessened its holdings in HD Supply Holdings Inc (NASDAQ:HDS) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 309,027 shares of the industrial products company’s stock after selling 26,744 shares during the period. California State Teachers Retirement System owned 0.17% of HD Supply worth $12,370,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of HDS. Cerebellum GP LLC acquired a new position in HD Supply in the 4th quarter valued at $132,000. Bessemer Group Inc. grew its holdings in HD Supply by 849.5% in the 4th quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock valued at $139,000 after buying an additional 3,109 shares in the last quarter. American International Group Inc. acquired a new position in HD Supply in the 4th quarter valued at $177,000. Cadence Capital Management LLC acquired a new position in HD Supply in the 4th quarter valued at $215,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in HD Supply in the 4th quarter valued at $228,000. Institutional investors and hedge funds own 96.96% of the company’s stock.
HDS has been the topic of a number of research reports. BidaskClub lowered HD Supply from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Royal Bank of Canada lowered HD Supply from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 3rd. ValuEngine lowered HD Supply from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Finally, Barclays initiated coverage on HD Supply in a report on Thursday, February 15th. They issued an “overweight” rating and a $44.00 price objective on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. HD Supply currently has a consensus rating of “Hold” and a consensus target price of $39.71.
HD Supply (NASDAQ:HDS) last released its earnings results on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. HD Supply had a return on equity of 37.90% and a net margin of 16.79%. HD Supply’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 EPS. research analysts anticipate that HD Supply Holdings Inc will post 3.14 earnings per share for the current year.
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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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