HD Supply Holdings Inc. (HDS) Sees Significant Growth in Short Interest
HD Supply Holdings Inc. (NASDAQ:HDS) saw a large increase in short interest during the month of 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. Currently, 2.2% of the company’s shares are short sold. Based on an average daily volume of 2,953,502 shares, the short-interest ratio is presently 1.5 days.
HD Supply Holdings (NASDAQ:HDS) opened at 31.56 on Friday. HD Supply Holdings has a one year low of $21.26 and a one year high of $36.99. The stock has a market capitalization of $6.34 billion, a PE ratio of 5.27 and a beta of 1.33. The firm has a 50-day moving average of $32.65 and a 200 day moving average of $34.16.
HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings data on Wednesday, September 7th. The company reported $0.85 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm earned $0.56 EPS. The company’s revenue was up 4.1% on a year-over-year basis. On average, equities research analysts anticipate that HD Supply Holdings will post $2.55 earnings per share for the current fiscal year.
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HDS has been the topic of a number of recent analyst reports. Macquarie initiated coverage on shares of HD Supply Holdings in a report on Thursday, August 25th. They issued an “outperform” rating and a $42.00 price target on the stock. Bank of America Corp. reissued a “buy” rating on shares of HD Supply Holdings in a report on Wednesday, September 14th. JPMorgan Chase & Co. cut their price target on shares of HD Supply Holdings from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, September 8th. RBC Capital Markets lowered shares of HD Supply Holdings from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $43.00 to $35.00 in a report on Tuesday, September 20th. Finally, Zacks Investment Research raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Monday, September 5th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. HD Supply Holdings currently has a consensus rating of “Buy” and an average target price of $37.60.
In other HD Supply Holdings news, Chairman Joseph J. Deangelo bought 32,100 shares of HD Supply Holdings stock in a transaction that occurred on Thursday, September 22nd. The shares were bought at an average price of $31.07 per share, with a total value of $997,347.00. Following the acquisition, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.98% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in HD Supply Holdings by 5.0% in the first quarter. Wellington Management Group LLP now owns 599,961 shares of the company’s stock worth $19,840,000 after buying an additional 28,643 shares during the last quarter. Geode Capital Management LLC boosted its position in HD Supply Holdings by 8.4% in the first quarter. Geode Capital Management LLC now owns 1,182,311 shares of the company’s stock worth $39,098,000 after buying an additional 91,321 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of HD Supply Holdings by 146.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,874,953 shares of the company’s stock valued at $62,005,000 after buying an additional 1,114,625 shares during the last quarter. Baker Avenue Asset Management LP acquired a new position in shares of HD Supply Holdings during the first quarter valued at about $370,000. Finally, Pictet Asset Management Ltd. acquired a new position in shares of HD Supply Holdings during the first quarter valued at about $20,356,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.
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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