HD Supply Holdings Inc (NASDAQ:HDS) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 4,453,931 shares, a growth of 43.3% from the February 15th total of 3,108,848 shares. Based on an average daily volume of 1,150,665 shares, the days-to-cover ratio is currently 3.9 days. Currently, 2.5% of the company’s stock are sold short.

NASDAQ HDS opened at $43.40 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.11 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 0.85 and a beta of 1.25. HD Supply has a 52-week low of $35.35 and a 52-week high of $46.29.

Several brokerages recently commented on HDS. BidaskClub downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday. Raymond James dropped their target price on shares of HD Supply from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, December 6th. Zacks Investment Research downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Barclays dropped their target price on shares of HD Supply from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, December 17th. Finally, Buckingham Research began coverage on shares of HD Supply in a report on Thursday, December 20th. They issued a “buy” rating and a $44.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. HD Supply currently has a consensus rating of “Buy” and a consensus price target of $46.60.

In other news, Director Jana Partners Llc sold 1,095,983 shares of the firm’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $37.92, for a total transaction of $41,559,675.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 3,251,545 shares of company stock worth $123,065,335 in the last 90 days. 0.72% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of HDS. Ledyard National Bank acquired a new stake in shares of HD Supply during the 4th quarter valued at about $28,000. Penserra Capital Management LLC boosted its position in shares of HD Supply by 58.4% during the 4th quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 348 shares in the last quarter. Legacy Financial Advisors Inc. boosted its position in shares of HD Supply by 46.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 977 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 309 shares in the last quarter. Taylor Hoffman Wealth Management acquired a new stake in shares of HD Supply during the 4th quarter valued at about $37,000. Finally, Truewealth LLC boosted its position in shares of HD Supply by 55.1% during the 4th quarter. Truewealth LLC now owns 1,273 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 452 shares in the last quarter. Institutional investors own 93.36% of the company’s stock.

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HD Supply Company Profile

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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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