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 (HDS) opened at $39.23 on Monday. The company has a market capitalization of $7,284.15, a price-to-earnings ratio of 7.37, a PEG ratio of 0.86 and a beta of 1.40. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.80 and a quick ratio of 1.80. HD Supply has a 1 year low of $28.97 and a 1 year high of $44.73.

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.

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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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