Stock Traders Buy High Volume of Call Options on HD Supply (HDS)

HD Supply Holdings Inc (NASDAQ:HDS) was the target of unusually large options trading on Monday. Traders acquired 1,525 call options on the company. This is an increase of 2,018% compared to the average volume of 72 call options.

HDS opened at $43.12 on Tuesday. The firm has a market cap of $7.66 billion, a PE ratio of 18.67, a P/E/G ratio of 0.84 and a beta of 1.25. HD Supply has a 52-week low of $35.35 and a 52-week high of $46.29. The company has a current ratio of 2.05, a quick ratio of 1.11 and a debt-to-equity ratio of 1.18.

A number of research analysts have commented on HDS shares. BidaskClub raised HD Supply from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Robert W. Baird raised HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 price objective on the stock in a report on Friday, January 25th. Buckingham Research started coverage on HD Supply in a report on Thursday, December 20th. They issued a “buy” rating and a $44.00 price objective on the stock. Barclays decreased their price objective on HD Supply from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, December 17th. Finally, Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.60.

In other HD Supply news, Director Jana Partners Llc sold 1,095,983 shares of the company’s stock in a transaction on Friday, January 11th. The stock was sold at an average price of $37.92, for a total value of $41,559,675.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 3,251,545 shares of company stock worth $123,065,335 over the last three months. 0.72% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HDS. American Century Companies Inc. grew its holdings in shares of HD Supply by 580.3% during the 3rd quarter. American Century Companies Inc. now owns 113,057 shares of the industrial products company’s stock worth $4,838,000 after purchasing an additional 96,439 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of HD Supply during the 3rd quarter worth $511,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of HD Supply by 3.1% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 635,273 shares of the industrial products company’s stock worth $27,183,000 after purchasing an additional 19,142 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of HD Supply by 1,148.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,144,848 shares of the industrial products company’s stock worth $91,779,000 after purchasing an additional 1,973,046 shares in the last quarter. Finally, AXA grew its holdings in shares of HD Supply by 1.1% during the 3rd quarter. AXA now owns 468,116 shares of the industrial products company’s stock worth $20,031,000 after purchasing an additional 5,100 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

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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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