HD Supply Holdings Inc (HDS) Sees Large Decrease in Short Interest
HD Supply Holdings Inc (NASDAQ:HDS) was the target of a large decrease in short interest in the month of December. As of December 29th, there was short interest totalling 1,888,073 shares, a decrease of 40.9% from the December 15th total of 3,197,027 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,553,083 shares, the days-to-cover ratio is presently 1.2 days.
Several equities research analysts have weighed in on HDS shares. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $38.00 target price (up from $37.00) on shares of HD Supply in a report on Monday, October 2nd. ValuEngine raised HD Supply from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wells Fargo & Co boosted their price target on HD Supply from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. Finally, Robert W. Baird reissued a “hold” rating and issued a $38.00 price target on shares of HD Supply in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $38.85.
A number of large investors have recently made changes to their positions in HDS. Pinebridge Investments L.P. increased its position in HD Supply by 170.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock valued at $165,000 after buying an additional 3,400 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new position in HD Supply during the 3rd quarter valued at about $185,000. Engineers Gate Manager LP acquired a new position in HD Supply during the 2nd quarter valued at about $224,000. Commonwealth Equity Services Inc acquired a new position in HD Supply during the 3rd quarter valued at about $236,000. Finally, Oakbrook Investments LLC acquired a new position in HD Supply during the 3rd quarter valued at about $244,000.
HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.05. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $0.83 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. research analysts anticipate that HD Supply will post 2.27 earnings per share for the current year.
HD Supply 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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