HD Supply Holdings Inc (NASDAQ:HDS) Short Interest Update

HD Supply Holdings Inc (NASDAQ:HDS) was the target of a large decrease in short interest in September. As of September 14th, there was short interest totalling 2,813,489 shares, a decrease of 21.0% from the August 31st total of 3,560,257 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 2,659,808 shares, the days-to-cover ratio is presently 1.1 days.

Several analysts have commented on HDS shares. Zacks Investment Research raised HD Supply from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Friday. SunTrust Banks upped their price objective on HD Supply from $50.00 to $52.00 in a research note on Thursday, September 6th. Wolfe Research started coverage on HD Supply in a research note on Wednesday, June 27th. They set an “outperform” rating for the company. Raymond James upped their price objective on HD Supply from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, BidaskClub raised HD Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.00.

In related news, insider John Stegeman sold 57,200 shares of the company’s stock in a transaction dated Thursday, July 19th. The stock was sold at an average price of $45.00, for a total value of $2,574,000.00. Following the completion of the sale, the insider now directly owns 95,652 shares of the company’s stock, valued at approximately $4,304,340. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jana Partners Llc sold 861,499 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.39, for a total value of $37,380,441.61. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HDS. Massey Quick Simon & CO. LLC purchased a new position in HD Supply in the 2nd quarter valued at approximately $106,000. Captrust Financial Advisors increased its stake in HD Supply by 7,921.9% in the 2nd quarter. Captrust Financial Advisors now owns 2,567 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 2,535 shares in the last quarter. Cornerstone Advisors Inc. purchased a new position in HD Supply in the 2nd quarter valued at approximately $141,000. Twin Tree Management LP purchased a new position in HD Supply in the 2nd quarter valued at approximately $149,000. Finally, Point72 Asia Hong Kong Ltd purchased a new position in HD Supply in the 1st quarter valued at approximately $150,000. 94.84% of the stock is owned by hedge funds and other institutional investors.

Shares of HDS stock opened at $41.48 on Tuesday. The company has a market cap of $7.86 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 0.82 and a beta of 1.29. HD Supply has a 12-month low of $34.02 and a 12-month high of $46.29. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 1.30.

HD Supply (NASDAQ:HDS) last issued its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. HD Supply had a return on equity of 36.44% and a net margin of 11.96%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities research analysts expect that HD Supply will post 3.3 earnings per share for the current year.

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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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