HD Supply Holdings Inc. (HDS) Sees Significant Growth in Short Interest
HD Supply Holdings Inc. (NASDAQ:HDS) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 4,472,366 shares, an increase of 70.6% from the September 15th total of 2,621,848 shares. Based on an average trading volume of 2,953,502 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.2% of the shares of the stock are short sold.
Shares of HD Supply Holdings (NASDAQ:HDS) opened at 31.56 on Friday. HD Supply Holdings has a 52-week low of $21.26 and a 52-week high of $36.99. The company has a market capitalization of $6.34 billion, a P/E ratio of 5.27 and a beta of 1.33. The stock’s 50 day moving average is $32.65 and its 200 day moving average is $34.16.
HD Supply Holdings (NASDAQ:HDS) last released its earnings results on Wednesday, September 7th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.03. HD Supply Holdings had a net margin of 16.16% and a return on equity of 84.15%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the business posted $0.56 EPS. HD Supply Holdings’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts expect that HD Supply Holdings will post $2.55 EPS for the current year.
Several analysts have recently weighed in on the company. RBC Capital Markets cut HD Supply Holdings from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $43.00 to $35.00 in a report on Tuesday, September 20th. Royal Bank Of Canada reduced their price target on HD Supply Holdings from $49.00 to $43.00 and set an “outperform” rating on the stock in a report on Thursday, September 8th. Macquarie assumed coverage on HD Supply Holdings in a report on Thursday, August 25th. They set an “outperform” rating and a $42.00 price target on the stock. TheStreet upgraded HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Finally, William Blair reiterated an “outperform” rating on shares of HD Supply Holdings in a report on Thursday, October 6th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. HD Supply Holdings has a consensus rating of “Buy” and a consensus target price of $37.60.
In other HD Supply Holdings news, Chairman Joseph J. Deangelo bought 32,100 shares of the stock in a transaction on Thursday, September 22nd. The stock was purchased at an average price of $31.07 per share, with a total value of $997,347.00. Following the completion of the purchase, the chairman now owns 242,782 shares in the company, valued at $7,543,236.74. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.98% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in HD Supply Holdings by 6.7% in the second quarter. FMR LLC now owns 20,884,747 shares of the company’s stock valued at $727,207,000 after buying an additional 1,311,919 shares in the last quarter. Vanguard Group Inc. raised its position in HD Supply Holdings by 2.5% in the second quarter. Vanguard Group Inc. now owns 14,486,736 shares of the company’s stock valued at $504,428,000 after buying an additional 355,906 shares in the last quarter. Blue Ridge Capital L.L.C. raised its position in HD Supply Holdings by 0.4% in the second quarter. Blue Ridge Capital L.L.C. now owns 8,286,800 shares of the company’s stock valued at $288,546,000 after buying an additional 35,700 shares in the last quarter. Bank of New York Mellon Corp raised its position in HD Supply Holdings by 13.4% in the second quarter. Bank of New York Mellon Corp now owns 7,311,384 shares of the company’s stock valued at $254,582,000 after buying an additional 861,307 shares in the last quarter. Finally, American Century Companies Inc. raised its position in HD Supply Holdings by 26.1% in the second quarter. American Century Companies Inc. now owns 5,544,215 shares of the company’s stock valued at $193,050,000 after buying an additional 1,148,301 shares in the last quarter. 96.64% of the stock is currently owned by institutional investors.
About HD Supply Holdings
HD Supply Holdings, Inc is an industrial distributor in North America. The Company provides a range of products and value-add services to approximately 500,000 customers in maintenance, repair and operations, water infrastructure and residential and non-residential construction sectors. The Company operates in three segments: Facilities Maintenance, Waterworks, and Construction & Industrial-White Cap.
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