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

HD Supply Holdings Inc (NASDAQ:HDS) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 3,138,900 shares, a decline of 10.8% from the May 30th total of 3,520,500 shares. Based on an average daily volume of 1,620,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.8% of the company’s shares are short sold.

HD Supply stock traded up $0.49 during trading on Friday, hitting $40.58. 1,330,553 shares of the company were exchanged, compared to its average volume of 1,896,413. The firm has a 50 day simple moving average of $40.54. HD Supply has a 52 week low of $35.35 and a 52 week high of $47.13. The company has a market capitalization of $6.93 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.68 and a beta of 1.16. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.06 and a quick ratio of 1.07.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. HD Supply’s revenue was up 7.5% compared to the same quarter last year. Equities analysts expect that HD Supply will post 3.59 earnings per share for the current fiscal year.

Several research firms have recently commented on HDS. Zacks Investment Research downgraded Hanger from a “hold” rating to a “sell” rating in a report on Tuesday, May 28th. BidaskClub downgraded Zions Bancorporation NA from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 15th. Royal Bank of Canada set a GBX 1,750 ($22.87) price objective on Prudential and gave the company a “neutral” rating in a report on Wednesday, March 20th. Longbow Research upgraded HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Monday, June 3rd. Finally, Wells Fargo & Co set a $32.00 price objective on Farfetch and gave the company a “buy” rating in a report on Wednesday, June 12th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.50.

In other news, insider Jana Partners Llc sold 733,657 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total transaction of $29,903,859.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Evan Levitt sold 44,167 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $43.16, for a total value of $1,906,247.72. Following the sale, the chief financial officer now owns 47,628 shares of the company’s stock, valued at approximately $2,055,624.48. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

A number of institutional investors have recently made changes to their positions in HDS. Kornitzer Capital Management Inc. KS boosted its position in HD Supply by 0.4% in the first quarter. Kornitzer Capital Management Inc. KS now owns 64,103 shares of the industrial products company’s stock worth $2,779,000 after purchasing an additional 252 shares during the last quarter. Captrust Financial Advisors boosted its position in HD Supply by 23.4% in the fourth quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 285 shares during the last quarter. FinTrust Capital Advisors LLC boosted its position in HD Supply by 36.7% in the first quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 350 shares during the last quarter. Brown Advisory Inc. boosted its position in HD Supply by 2.5% in the fourth quarter. Brown Advisory Inc. now owns 15,313 shares of the industrial products company’s stock worth $575,000 after purchasing an additional 380 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its position in HD Supply by 0.6% in the first quarter. Montag A & Associates Inc. now owns 65,050 shares of the industrial products company’s stock worth $2,820,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 94.82% 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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