HD Supply Holdings, Inc. (NASDAQ:HDS) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,058,452 shares, a decrease of 32.0% from the October 13th total of 4,497,999 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,266,177 shares, the short-interest ratio is presently 1.3 days.

Shares of HD Supply Holdings (NASDAQ HDS) opened at $34.98 on Tuesday. The firm has a market capitalization of $6,657.67, a P/E ratio of 14.04, a PEG ratio of 0.81 and a beta of 1.40. HD Supply Holdings has a fifty-two week low of $28.97 and a fifty-two week high of $44.73. The company has a quick ratio of 1.41, a current ratio of 2.04 and a debt-to-equity ratio of 3.57.

HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.64. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.35 billion. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. sell-side analysts predict that HD Supply Holdings will post 2.21 EPS for the current fiscal year.

HD Supply Holdings announced that its Board of Directors has authorized a stock buyback program on Tuesday, August 29th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

A number of equities analysts recently issued reports on the company. Zacks Investment Research raised HD Supply Holdings from a “strong sell” rating to a “buy” rating and set a $36.00 price target for the company in a report on Tuesday, August 8th. BidaskClub raised HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. ValuEngine raised HD Supply Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $37.00 price target (up from $36.00) on shares of HD Supply Holdings in a report on Friday, September 1st. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $38.50.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning lifted its holdings in shares of HD Supply Holdings by 15.2% during the second quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of HD Supply Holdings during the second quarter worth $129,000. Barrett Asset Management LLC acquired a new stake in shares of HD Supply Holdings during the second quarter worth $161,000. Pinebridge Investments L.P. lifted its holdings in shares of HD Supply Holdings by 170.0% during the second quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 3,400 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of HD Supply Holdings during the second quarter worth $181,000. 98.83% of the stock is owned by hedge funds and other institutional investors.

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About HD Supply Holdings

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

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