Short Interest in HD Supply Holdings Inc (NASDAQ:HDS) Drops By 11.4%

HD Supply Holdings Inc (NASDAQ:HDS) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,640,000 shares, a decrease of 11.4% from the September 30th total of 2,980,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.6% of the company’s stock are sold short.

HDS stock traded down $0.51 during trading hours on Monday, hitting $40.23. 1,230,200 shares of the stock were exchanged, compared to its average volume of 1,555,505. The company has a current ratio of 2.05, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $6.69 billion, a P/E ratio of 11.83, a P/E/G ratio of 0.70 and a beta of 1.10. The company has a 50-day simple moving average of $39.60 and a two-hundred day simple moving average of $40.29. HD Supply has a 12 month low of $35.35 and a 12 month high of $47.13.

HD Supply (NASDAQ:HDS) last posted 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. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.63 billion. HD Supply had a return on equity of 44.51% and a net margin of 6.74%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 EPS. On average, equities research analysts predict that HD Supply will post 3.5 earnings per share for the current year.

Several brokerages have issued reports on HDS. Wells Fargo & Co raised their price target on HD Supply from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Buckingham Research downgraded HD Supply from a “buy” rating to a “neutral” rating in a report on Wednesday, September 11th. William Blair downgraded HD Supply from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 25th. Royal Bank of Canada cut their price target on HD Supply to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. cut their price target on HD Supply from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. HD Supply has an average rating of “Hold” and an average target price of $45.82.

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

A number of hedge funds have recently bought and sold shares of HDS. Squar Milner Financial Services LLC increased its position in shares of HD Supply by 309.7% in the third quarter. Squar Milner Financial Services LLC now owns 721 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 545 shares during the period. B & T Capital Management DBA Alpha Capital Management bought a new position in shares of HD Supply in the third quarter worth $78,000. Pearl River Capital LLC increased its position in shares of HD Supply by 18.4% in the second quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 368 shares during the period. YorkBridge Wealth Partners LLC bought a new position in shares of HD Supply in the second quarter worth $124,000. Finally, Usca Ria LLC bought a new position in shares of HD Supply in the third quarter worth $129,000. Hedge funds and other institutional investors own 94.69% of the company’s stock.

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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