Jana Partners LLC Has $328.06 Million Holdings in HD Supply Holdings Inc (HDS)
Jana Partners LLC decreased its stake in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 8.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,094,994 shares of the industrial products company’s stock after selling 835,322 shares during the period. HD Supply makes up about 6.7% of Jana Partners LLC’s investment portfolio, making the stock its 5th largest holding. Jana Partners LLC owned about 4.87% of HD Supply worth $328,056,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. California Public Employees Retirement System grew its position in shares of HD Supply by 4.8% in the 3rd quarter. California Public Employees Retirement System now owns 445,211 shares of the industrial products company’s stock valued at $16,059,000 after acquiring an additional 20,211 shares during the period. Davidson Kempner Capital Management LP acquired a new stake in shares of HD Supply during the 3rd quarter worth about $12,625,000. Point72 Asset Management L.P. lifted its stake in shares of HD Supply by 894.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 619,603 shares of the industrial products company’s stock worth $22,349,000 after buying an additional 557,303 shares during the last quarter. Cowen Inc. acquired a new stake in shares of HD Supply during the 3rd quarter worth about $4,639,000. Finally, Marathon Partners Equity Management LLC lifted its stake in shares of HD Supply by 289.0% during the 3rd quarter. Marathon Partners Equity Management LLC now owns 710,000 shares of the industrial products company’s stock worth $25,610,000 after buying an additional 527,500 shares during the last quarter.
HDS has been the subject of a number of research reports. Zacks Investment Research upgraded shares of HD Supply from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Monday, September 4th. ValuEngine upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $37.00 price objective (up previously from $36.00) on shares of HD Supply in a research note on Friday, September 1st. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $38.85.
Shares of HD Supply Holdings Inc (HDS) opened at $37.84 on Friday. HD Supply Holdings Inc has a 1-year low of $28.97 and a 1-year high of $44.73. The company has a current ratio of 2.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.40. The firm has a market cap of $7,167.18, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40.
HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.05. HD Supply had a net margin of 16.55% and a return on equity of 41.89%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. equities analysts predict that HD Supply Holdings Inc will post 2.35 earnings per share for the current fiscal year.
HD Supply declared that its Board of Directors has initiated a share buyback program on Tuesday, August 29th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
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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