California State Teachers Retirement System trimmed its stake in HD Supply Holdings Inc (NASDAQ:HDS) by 9.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 335,771 shares of the industrial products company’s stock after selling 34,629 shares during the quarter. California State Teachers Retirement System owned 0.18% of HD Supply worth $12,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of HDS. Bank of Montreal Can raised its position in HD Supply by 865.7% during the second quarter. Bank of Montreal Can now owns 15,046 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 13,488 shares in the last quarter. Great West Life Assurance Co. Can raised its position in HD Supply by 222.9% during the second quarter. Great West Life Assurance Co. Can now owns 66,482 shares of the industrial products company’s stock valued at $2,034,000 after acquiring an additional 45,895 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in HD Supply by 7.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 724,000 shares of the industrial products company’s stock valued at $22,177,000 after acquiring an additional 50,030 shares in the last quarter. Advisors Asset Management Inc. raised its position in HD Supply by 5.3% during the second quarter. Advisors Asset Management Inc. now owns 22,593 shares of the industrial products company’s stock valued at $692,000 after acquiring an additional 1,129 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its position in HD Supply by 324.8% during the second quarter. State of Wisconsin Investment Board now owns 170,755 shares of the industrial products company’s stock valued at $5,230,000 after acquiring an additional 130,560 shares in the last quarter.

HDS has been the topic of several recent research reports. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Monday, October 9th. Credit Suisse Group lowered shares of HD Supply from an “outperform” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a research report on Friday, September 8th. Wells Fargo & Co raised their price objective on shares of HD Supply from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 price objective (up previously from $36.00) on shares of HD Supply in a research report on Friday, September 1st. Finally, SunTrust Banks reiterated a “hold” rating and set a $35.00 price target on shares of HD Supply in a report on Friday, November 10th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.85.

HD Supply Holdings Inc (HDS) opened at $39.37 on Friday. HD Supply Holdings Inc has a twelve month low of $28.97 and a twelve month 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 company has a market capitalization of $7,250.00, a P/E ratio of 32.81, a price-to-earnings-growth ratio of 0.87 and a beta of 1.40.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, December 5th. The industrial products company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.75 by $0.05. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. equities research analysts forecast that HD Supply Holdings Inc will post 2.28 EPS for the current year.

HD Supply announced that its Board of Directors has initiated a stock repurchase 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. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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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.

Institutional Ownership by Quarter for HD Supply (NASDAQ:HDS)

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