HD Supply Holdings Inc (HDS) Short Interest Update

HD Supply Holdings Inc (NASDAQ:HDS) was the recipient of a significant 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. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 1,553,083 shares, the days-to-cover ratio is presently 1.2 days.

A number of brokerages recently commented on HDS. BidaskClub downgraded HD Supply from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. ValuEngine upgraded HD Supply from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Morgan Stanley restated an “equal weight” rating and set a $38.00 target price (up previously from $37.00) on shares of HD Supply in a report on Monday, October 2nd. Wells Fargo & Co upped their target price on HD Supply from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 6th. Finally, Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $38.85.

HD Supply (NASDAQ:HDS) opened at $38.01 on Thursday. The company has a quick ratio of 1.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $7,060.00, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 0.86 and a beta of 1.40. HD Supply has a twelve month low of $28.97 and a twelve month high of $44.73.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $1.37 billion during 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 firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. equities analysts forecast that HD Supply will post 2.27 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of HDS. Schwab Charles Investment Management Inc. raised its holdings in HD Supply by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 724,000 shares of the industrial products company’s stock worth $22,177,000 after purchasing an additional 50,030 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of HD Supply during the second quarter valued at $224,000. Alliancebernstein L.P. increased its holdings in shares of HD Supply by 3.4% during the second quarter. Alliancebernstein L.P. now owns 121,883 shares of the industrial products company’s stock valued at $3,733,000 after acquiring an additional 4,015 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of HD Supply by 105.6% during the second quarter. Ameriprise Financial Inc. now owns 248,977 shares of the industrial products company’s stock valued at $7,629,000 after acquiring an additional 127,898 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of HD Supply by 20.6% during the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after acquiring an additional 1,688,213 shares in the last quarter.

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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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