HD Supply Holdings Inc (NASDAQ:HDS) was the target of a significant drop in short interest during the month of March. As of March 29th, there was short interest totalling 2,476,797 shares, a drop of 28.8% from the March 15th total of 3,476,382 shares. Based on an average trading volume of 1,997,168 shares, the short-interest ratio is currently 1.2 days. Approximately 1.5% of the company’s shares are short sold.

In other HD Supply news, CFO Evan Levitt sold 1,500 shares of HD Supply stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $44.70, for a total transaction of $67,050.00. Following the completion of the sale, the chief financial officer now directly owns 35,961 shares in the company, valued at $1,607,456.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.89% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Paradigm Financial Advisors LLC lifted its position in shares of HD Supply by 6.3% during the 1st quarter. Paradigm Financial Advisors LLC now owns 32,102 shares of the industrial products company’s stock worth $1,392,000 after buying an additional 1,902 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of HD Supply during the 1st quarter worth approximately $443,000. DNB Asset Management AS lifted its position in shares of HD Supply by 7.5% during the 1st quarter. DNB Asset Management AS now owns 30,874 shares of the industrial products company’s stock worth $1,338,000 after buying an additional 2,148 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of HD Supply by 56.5% during the 1st quarter. State of Alaska Department of Revenue now owns 32,307 shares of the industrial products company’s stock worth $1,399,000 after buying an additional 11,657 shares during the last quarter. Finally, MUFG Securities EMEA plc lifted its position in shares of HD Supply by 171.2% during the 4th quarter. MUFG Securities EMEA plc now owns 260,900 shares of the industrial products company’s stock worth $9,789,000 after buying an additional 164,700 shares during the last quarter. Institutional investors own 98.48% of the company’s stock.

Shares of HD Supply stock opened at $44.68 on Friday. HD Supply has a 52-week low of $35.35 and a 52-week high of $46.29. The company has a quick ratio of 1.10, a current ratio of 2.13 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $7.63 billion, a P/E ratio of 13.14, a PEG ratio of 0.80 and a beta of 1.25.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings results on Monday, March 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. HD Supply had a net margin of 6.52% and a return on equity of 41.40%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. On average, equities research analysts anticipate that HD Supply will post 3.69 EPS for the current fiscal year.

Several research firms have recently commented on HDS. Zacks Investment Research lowered shares of HD Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. BidaskClub lowered shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Barclays lowered their price objective on shares of HD Supply from $51.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, December 17th. Royal Bank of Canada raised their price objective on shares of HD Supply from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Buckingham Research began coverage on shares of HD Supply in a research note on Thursday, December 20th. They issued a “buy” rating and a $44.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. HD Supply presently has an average rating of “Buy” and an average target price of $46.50.

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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 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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