HD Supply Target of Unusually High Options Trading (NASDAQ:HDS)

HD Supply Holdings Inc (NASDAQ:HDS) was the recipient of unusually large options trading on Monday. Stock investors bought 5,560 put options on the company. This is an increase of 5,195% compared to the average volume of 105 put options.

In related news, Director Lauren Taylor Wolfe bought 600,000 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of $38.55 per share, with a total value of $23,130,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.89% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in HDS. Eqis Capital Management Inc. lifted its stake in HD Supply by 4.8% in the second quarter. Eqis Capital Management Inc. now owns 6,951 shares of the industrial products company’s stock valued at $280,000 after buying an additional 318 shares during the period. Pearl River Capital LLC raised its position in shares of HD Supply by 18.4% in the 2nd quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 368 shares during the period. Commonwealth Equity Services LLC raised its position in shares of HD Supply by 6.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,402 shares of the industrial products company’s stock valued at $250,000 after acquiring an additional 400 shares during the period. Oppenheimer & Co. Inc. boosted its stake in HD Supply by 4.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 9,405 shares of the industrial products company’s stock worth $379,000 after acquiring an additional 424 shares during the last quarter. Finally, Comerica Bank boosted its stake in HD Supply by 7.3% during the 2nd quarter. Comerica Bank now owns 7,042 shares of the industrial products company’s stock worth $280,000 after acquiring an additional 477 shares during the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Shares of HD Supply stock opened at $39.49 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.05 and a quick ratio of 1.10. The business has a 50 day simple moving average of $40.12 and a two-hundred day simple moving average of $39.86. HD Supply has a 12 month low of $35.35 and a 12 month high of $47.13. The stock has a market capitalization of $6.61 billion, a P/E ratio of 11.61, a PEG ratio of 0.58 and a beta of 1.10.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the firm earned $0.99 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. As a group, research analysts anticipate that HD Supply will post 3.5 EPS for the current fiscal year.

HDS has been the subject of several analyst reports. BidaskClub downgraded shares of HD Supply from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 23rd. Barclays downgraded HD Supply from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $44.00 to $42.00 in a research note on Thursday, September 26th. Buckingham Research cut HD Supply from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 11th. ValuEngine upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, SunTrust Banks upped their price objective on HD Supply to $50.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $45.82.

HD Supply Company Profile

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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