HD Supply Holdings Inc (NASDAQ:HDS) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of HD Supply Holdings Inc (NASDAQ:HDS) by 0.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 837,410 shares of the industrial products company’s stock after selling 3,642 shares during the period. Charles Schwab Investment Management Inc.’s holdings in HD Supply were worth $33,731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC lifted its stake in HD Supply by 36.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 350 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new position in HD Supply during the 2nd quarter worth about $124,000. Twin Tree Management LP lifted its stake in HD Supply by 61.2% during the 1st quarter. Twin Tree Management LP now owns 3,298 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 1,252 shares in the last quarter. Signaturefd LLC lifted its stake in HD Supply by 49.1% during the 1st quarter. Signaturefd LLC now owns 3,797 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 1,250 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in HD Supply by 18.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,284 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 674 shares in the last quarter. 95.05% of the stock is currently owned by hedge funds and other institutional investors.

In other HD Supply news, insider Jana Partners Llc sold 733,657 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total transaction of $29,903,859.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.89% of the stock is owned by corporate insiders.

Several research firms recently issued reports on HDS. Bank of America set a $51.00 target price on HD Supply and gave the stock a “buy” rating in a research note on Friday, September 6th. Longbow Research raised HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, June 3rd. Royal Bank of Canada decreased their target price on HD Supply to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday. ValuEngine upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Barclays cut their price target on HD Supply from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. HD Supply has an average rating of “Buy” and a consensus price target of $45.90.

Shares of NASDAQ HDS opened at $39.35 on Thursday. The stock’s 50-day moving average is $38.92 and its two-hundred day moving average is $41.56. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.06 and a quick ratio of 1.07. HD Supply Holdings Inc has a 1-year low of $35.35 and a 1-year high of $47.13. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the business earned $0.99 EPS. HD Supply’s revenue was up 1.5% on a year-over-year basis. Equities research analysts anticipate that HD Supply Holdings Inc will post 3.56 earnings per share for the current fiscal year.

About HD Supply

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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

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