Traders Buy Large Volume of HD Supply Put Options (NASDAQ:HDS)

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HD Supply Holdings Inc (NASDAQ:HDS) saw unusually large options trading activity on Monday. Traders acquired 5,560 put options on the stock. This represents an increase of 5,195% compared to the average volume of 105 put options.

In other news, Director Lauren Taylor Wolfe bought 600,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were bought at an average cost of $38.55 per share, for a total transaction of $23,130,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.89% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in HDS. Squar Milner Financial Services LLC lifted its holdings 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 valued at $28,000 after purchasing an additional 545 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management bought a new stake in HD Supply in the 3rd quarter valued at approximately $78,000. Pearl River Capital LLC boosted its position in HD Supply by 18.4% during the 2nd quarter. Pearl River Capital LLC now owns 2,368 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 368 shares during the last quarter. Usca Ria LLC acquired a new position in HD Supply during the 3rd quarter worth approximately $129,000. Finally, Meeder Asset Management Inc. grew its stake in shares of HD Supply by 18.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,284 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 674 shares in the last quarter. Hedge funds and other institutional investors own 94.82% of the company’s stock.

A number of research firms recently commented on HDS. Royal Bank of Canada lowered their price objective on shares of HD Supply to $38.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. dropped their price objective on HD Supply from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. SunTrust Banks lifted their target price on HD Supply to $50.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Robert W. Baird cut HD Supply from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $50.00 to $40.00 in a research note on Wednesday, September 11th. Finally, William Blair downgraded HD Supply from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. HD Supply presently has a consensus rating of “Hold” and an average price target of $45.82.

Shares of HDS stock opened at $39.49 on Tuesday. The firm has a fifty day moving average of $40.12 and a 200-day moving average of $39.86. The company has a quick ratio of 1.10, a current ratio of 2.05 and a debt-to-equity ratio of 1.66. HD Supply has a 12-month low of $35.35 and a 12-month high of $47.13. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 0.58 and a beta of 1.10.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.63 billion. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. On average, equities analysts expect that HD Supply will post 3.5 EPS for the current year.

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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