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

HD Supply Holdings Inc (NASDAQ:HDS) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 2,421,900 shares, a drop of 22.8% from the June 15th total of 3,138,900 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,720,000 shares, the short-interest ratio is currently 1.4 days.

In other HD Supply news, insider Jana Partners Llc sold 733,657 shares of HD Supply stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total value of $29,903,859.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.89% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Investors Research Corp purchased a new stake in shares of HD Supply in the 1st quarter valued at $30,000. Quadrant Capital Group LLC boosted its position in HD Supply by 610.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock valued at $52,000 after buying an additional 1,068 shares during the period. FinTrust Capital Advisors LLC boosted its position in HD Supply by 36.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock valued at $56,000 after buying an additional 350 shares during the period. Pearl River Capital LLC boosted its position in HD Supply by 781.1% during the 1st quarter. Pearl River Capital LLC now owns 2,000 shares of the industrial products company’s stock valued at $86,000 after buying an additional 1,773 shares during the period. Finally, Truewealth LLC boosted its position in HD Supply by 94.3% during the 1st quarter. Truewealth LLC now owns 2,473 shares of the industrial products company’s stock valued at $107,000 after buying an additional 1,200 shares during the period. 94.81% of the stock is owned by institutional investors.

Shares of NASDAQ HDS traded down $0.20 during midday trading on Monday, hitting $40.74. The company’s stock had a trading volume of 1,246,093 shares, compared to its average volume of 1,613,753. The company’s fifty day simple moving average is $40.02. HD Supply has a one year low of $35.35 and a one year high of $47.13. The company has a quick ratio of 1.07, a current ratio of 2.06 and a debt-to-equity ratio of 1.77. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 0.69 and a beta of 1.16.

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

A number of brokerages have recently issued reports on HDS. Buckingham Research reduced their price objective on shares of HD Supply from $50.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Longbow Research upgraded shares of 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. Wells Fargo & Co set a $32.00 price target on shares of Farfetch and gave the stock a “buy” rating in a report on Wednesday, June 12th. Northcoast Research restated a “buy” rating on shares of HD Supply in a report on Wednesday, June 12th. Finally, BidaskClub upgraded shares of HD Supply from a “sell” rating to a “hold” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $47.50.

About HD Supply

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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