Investors Purchase Large Volume of Call Options on HD Supply (HDS)

HD Supply Holdings Inc (NASDAQ:HDS) was the target of unusually large options trading on Tuesday. Stock investors acquired 8,783 call options on the company. This represents an increase of approximately 5,322% compared to the typical daily volume of 162 call options.

Institutional investors and hedge funds have recently made changes to their positions in the business. State of New Jersey Common Pension Fund D lifted its stake in shares of HD Supply by 4.2% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,875,000 shares of the industrial products company’s stock valued at $67,632,000 after purchasing an additional 75,000 shares during the period. Davidson Kempner Capital Management LP acquired a new position in shares of HD Supply in the 3rd quarter valued at about $12,625,000. DnB Asset Management AS lifted its stake in shares of HD Supply by 28.6% in the 4th quarter. DnB Asset Management AS now owns 53,060 shares of the industrial products company’s stock valued at $2,124,000 after purchasing an additional 11,800 shares during the period. Cannell Peter B & Co. Inc. lifted its stake in shares of HD Supply by 0.8% in the 3rd quarter. Cannell Peter B & Co. Inc. now owns 1,898,195 shares of the industrial products company’s stock valued at $68,468,000 after purchasing an additional 14,645 shares during the period. Finally, Achmea Investment Management B.V. acquired a new position in shares of HD Supply in the 2nd quarter valued at about $324,000.

HD Supply (HDS) opened at $35.57 on Friday. The company has a market capitalization of $6,600.00, a PE ratio of 29.64, a price-to-earnings-growth ratio of 0.64 and a beta of 1.28. HD Supply has a twelve month low of $28.97 and a twelve month high of $44.73. The company has a current ratio of 2.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.40.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.05. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 EPS. equities analysts anticipate that HD Supply will post 2.27 earnings per share for the current fiscal year.

HDS has been the topic of a number of research reports. ValuEngine upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Thursday, December 7th. Finally, SunTrust Banks restated a “hold” rating and set a $42.00 price objective on shares of HD Supply in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $38.85.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/09/investors-purchase-large-volume-of-call-options-on-hd-supply-hds.html.

About HD Supply

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.

Receive News & Ratings for HD Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply