HD Supply Holdings, Inc. (NASDAQ:HDS) saw a large decline in short interest in the month of October. As of October 13th, there was short interest totalling 4,497,699 shares, a decline of 31.9% from the September 29th total of 6,601,714 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 2,046,896 shares, the days-to-cover ratio is currently 2.2 days.

Shares of HD Supply Holdings (NASDAQ:HDS) opened at 35.50 on Friday. The company’s 50 day moving average price is $35.15 and its 200 day moving average price is $34.93. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 11.21 and a beta of 1.41. HD Supply Holdings has a 52-week low of $28.97 and a 52-week high of $44.73.

HD Supply Holdings (NASDAQ:HDS) last posted its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.64. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. HD Supply Holdings’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. Analysts forecast that HD Supply Holdings will post $2.21 earnings per share for the current year.

HD Supply Holdings announced that its board has authorized a share buyback plan on Tuesday, August 29th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of HD Supply Holdings by 16.4% during the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock worth $905,504,000 after purchasing an additional 4,162,500 shares during the period. Vanguard Group Inc. lifted its holdings in HD Supply Holdings by 2.5% during the second quarter. Vanguard Group Inc. now owns 15,995,119 shares of the industrial products company’s stock worth $489,930,000 after acquiring an additional 383,895 shares in the last quarter. BlackRock Inc. lifted its holdings in HD Supply Holdings by 20.6% during the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock worth $302,814,000 after acquiring an additional 1,688,213 shares in the last quarter. Iridian Asset Management LLC CT lifted its holdings in HD Supply Holdings by 84.7% during the second quarter. Iridian Asset Management LLC CT now owns 6,543,246 shares of the industrial products company’s stock worth $200,420,000 after acquiring an additional 3,000,390 shares in the last quarter. Finally, Farallon Capital Management LLC lifted its holdings in HD Supply Holdings by 16.0% during the second quarter. Farallon Capital Management LLC now owns 6,150,156 shares of the industrial products company’s stock worth $188,379,000 after acquiring an additional 850,562 shares in the last quarter.

A number of analysts have recently issued reports on HDS shares. Longbow Research cut HD Supply Holdings from a “buy” rating to a “neutral” rating in a report on Monday, July 10th. Wells Fargo & Company reiterated an “outperform” rating and set a $40.00 target price (down previously from $48.00) on shares of HD Supply Holdings in a report on Wednesday, July 12th. J P Morgan Chase & Co upgraded HD Supply Holdings from a “neutral” rating to an “overweight” rating and set a $36.00 target price for the company in a report on Friday, July 14th. BidaskClub upgraded HD Supply Holdings from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Northcoast Research started coverage on HD Supply Holdings in a report on Tuesday, July 25th. They set a “neutral” rating for the company. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company. HD Supply Holdings currently has a consensus rating of “Hold” and a consensus price target of $38.71.

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HD Supply Holdings Company Profile

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

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