HD Supply Holdings, Inc. (NASDAQ:HDS) saw a significant decline in short interest in October. As of October 13th, there was short interest totalling 4,497,699 shares, a decline of 31.9% from the September 29th total of 6,601,714 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average daily volume of 2,046,896 shares, the days-to-cover ratio is currently 2.2 days.
HD Supply Holdings (HDS) traded down $0.14 during trading on Friday, reaching $35.67. The company had a trading volume of 945,600 shares, compared to its average volume of 2,735,822. The stock has a market capitalization of $6,683.80, a PE ratio of 14.10, a PEG ratio of 0.81 and a beta of 1.40. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.41 and a current ratio of 2.04. HD Supply Holdings has a 12 month low of $28.97 and a 12 month high of $44.73.
HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. HD Supply Holdings’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. equities research analysts anticipate that HD Supply Holdings will post 2.21 EPS for the current fiscal year.
HD Supply Holdings announced that its board has approved a share repurchase plan on Tuesday, August 29th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.
A number of institutional investors have recently bought and sold shares of HDS. Creative Planning increased its position in HD Supply Holdings by 15.2% in the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock worth $116,000 after buying an additional 500 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in HD Supply Holdings in the second quarter worth about $129,000. Massey Quick Simon & CO. LLC purchased a new stake in HD Supply Holdings in the third quarter worth about $185,000. Barrett Asset Management LLC purchased a new stake in HD Supply Holdings in the second quarter worth about $161,000. Finally, Pinebridge Investments L.P. increased its position in HD Supply Holdings by 170.0% in the second quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock worth $165,000 after buying an additional 3,400 shares in the last quarter.
Several equities research analysts have commented on HDS shares. Zacks Investment Research raised HD Supply Holdings from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, October 9th. Credit Suisse Group downgraded HD Supply Holdings from an “outperform” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Friday, September 8th. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 target price (up from $36.00) on shares of HD Supply Holdings in a report on Friday, September 1st. Wells Fargo & Company boosted their target price on HD Supply Holdings from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 6th. Finally, BidaskClub raised HD Supply Holdings from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. HD Supply Holdings currently has a consensus rating of “Hold” and a consensus price target of $38.50.
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About HD Supply Holdings
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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