HD Supply Sees Unusually High Options Volume (HDS)

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HD Supply Holdings Inc (NASDAQ:HDS) was the target of unusually large options trading activity on Wednesday. Stock traders acquired 2,061 put options on the company. This is an increase of 1,808% compared to the typical daily volume of 108 put options.

Several research firms have recently commented on HDS. Bank of America lifted their price target on shares of HD Supply from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, June 26th. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday, May 24th. Northcoast Research raised shares of HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. BidaskClub lowered shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, Robert W. Baird lifted their price target on shares of HD Supply from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, June 6th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. HD Supply presently has a consensus rating of “Buy” and a consensus price target of $44.70.

NASDAQ:HDS opened at $44.18 on Thursday. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 0.89 and a beta of 1.25. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.15 and a quick ratio of 1.16. HD Supply has a 52 week low of $32.23 and a 52 week high of $46.29.

HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. HD Supply had a net margin of 18.40% and a return on equity of 35.61%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS. sell-side analysts anticipate that HD Supply will post 3.27 earnings per share for the current fiscal year.

In other HD Supply news, Director Jana Partners Llc sold 636,023 shares of the firm’s stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $43.93, for a total value of $27,940,490.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Stegeman sold 57,200 shares of the firm’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $45.00, for a total transaction of $2,574,000.00. Following the completion of the transaction, the insider now directly owns 95,652 shares in the company, valued at $4,304,340. The disclosure for this sale can be found here. Insiders sold a total of 2,196,325 shares of company stock worth $95,704,024 over the last three months. Corporate insiders own 0.72% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC raised its holdings in shares of HD Supply by 61.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,496 shares of the industrial products company’s stock valued at $133,000 after buying an additional 1,331 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of HD Supply by 2.2% in the second quarter. Cubist Systematic Strategies LLC now owns 63,314 shares of the industrial products company’s stock valued at $2,716,000 after buying an additional 1,336 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in shares of HD Supply by 2.3% in the first quarter. Kornitzer Capital Management Inc. KS now owns 61,240 shares of the industrial products company’s stock valued at $2,323,000 after buying an additional 1,390 shares during the last quarter. Aviance Capital Management LLC raised its holdings in shares of HD Supply by 53.4% in the second quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock valued at $173,000 after buying an additional 1,401 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of HD Supply by 7.3% in the second quarter. Raymond James & Associates now owns 21,618 shares of the industrial products company’s stock valued at $927,000 after buying an additional 1,463 shares during the last quarter. 94.87% of the stock is owned by hedge funds and other institutional investors.

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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