HD Supply Target of Unusually High Options Trading (NASDAQ:HDS)

HD Supply Holdings Inc (NASDAQ:HDS) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 2,511 call options on the company. This represents an increase of approximately 1,802% compared to the average daily volume of 132 call options.

In other news, CFO Evan Levitt sold 44,167 shares of HD Supply stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $43.16, for a total transaction of $1,906,247.72. Following the completion of the sale, the chief financial officer now owns 47,628 shares in the company, valued at approximately $2,055,624.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.89% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HDS. Moneta Group Investment Advisors LLC increased its position in HD Supply by 3.2% in the first quarter. Moneta Group Investment Advisors LLC now owns 7,566 shares of the industrial products company’s stock worth $328,000 after buying an additional 237 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in HD Supply by 0.4% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 64,103 shares of the industrial products company’s stock valued at $2,779,000 after buying an additional 252 shares in the last quarter. Captrust Financial Advisors grew its holdings in HD Supply by 23.4% during the 4th quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock valued at $56,000 after buying an additional 285 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of HD Supply by 1.5% in the 4th quarter. State of Alaska Department of Revenue now owns 20,650 shares of the industrial products company’s stock valued at $774,000 after purchasing an additional 314 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of HD Supply by 58.4% in the 4th quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 348 shares during the last quarter. 95.12% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on the company. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Wednesday, May 22nd. Longbow Research upgraded HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Monday, June 3rd. Royal Bank of Canada boosted their target price on HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Wells Fargo & Co dropped their target price on HD Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. HD Supply has an average rating of “Buy” and a consensus target price of $47.54.

HDS stock traded down $0.51 during midday trading on Friday, hitting $39.51. The stock had a trading volume of 1,560,813 shares, compared to its average volume of 1,553,840. The company has a quick ratio of 1.10, a current ratio of 2.06 and a debt-to-equity ratio of 1.77. HD Supply has a 52-week low of $35.35 and a 52-week high of $47.13. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.73 and a beta of 1.27.

HD Supply (NASDAQ:HDS) last released its earnings results on Tuesday, June 11th. The industrial products company reported $0.84 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 for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts expect that HD Supply will post 3.6 earnings per share for the current fiscal year.

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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 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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