Investors Purchase Large Volume of Call Options on HD Supply (HDS)
HD Supply Holdings Inc (NASDAQ:HDS) was the target of some unusual options trading on Tuesday. Stock investors bought 8,783 call options on the company. This is an increase of 5,322% compared to the typical volume of 162 call options.
A number of institutional investors and hedge funds have recently modified their holdings of HDS. JPMorgan Chase & Co. increased its holdings in HD Supply by 60.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,101,368 shares of the industrial products company’s stock worth $148,182,000 after purchasing an additional 1,541,426 shares in the last quarter. OZ Management LP grew its holdings in shares of HD Supply by 36.4% in the third quarter. OZ Management LP now owns 5,216,940 shares of the industrial products company’s stock valued at $188,175,000 after acquiring an additional 1,392,371 shares in the last quarter. State Street Corp grew its holdings in shares of HD Supply by 37.3% in the second quarter. State Street Corp now owns 3,526,699 shares of the industrial products company’s stock valued at $108,026,000 after acquiring an additional 957,778 shares in the last quarter. KBC Group NV grew its holdings in shares of HD Supply by 494.9% in the third quarter. KBC Group NV now owns 728,134 shares of the industrial products company’s stock valued at $26,263,000 after acquiring an additional 605,738 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of HD Supply by 894.5% in the third quarter. Point72 Asset Management L.P. now owns 619,603 shares of the industrial products company’s stock valued at $22,349,000 after acquiring an additional 557,303 shares in the last quarter.
Shares of HD Supply (NASDAQ:HDS) opened at $35.57 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.80 and a current ratio of 2.80. The company has a market capitalization of $6,600.00, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 0.64 and a beta of 1.28. HD Supply has a twelve month low of $28.97 and a twelve month high of $44.73.
HDS has been the subject of a number of research analyst reports. Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. BidaskClub lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. SunTrust Banks reaffirmed a “hold” rating and issued a $35.00 target price on shares of HD Supply in a research report on Friday, November 10th. Finally, Royal Bank of Canada lowered HD Supply from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. HD Supply currently has an average rating of “Hold” and a consensus price target of $38.85.
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About HD Supply
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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