HD Supply Holdings, Inc. (NASDAQ:HDS) was the target of unusually large options trading on Tuesday. Stock investors bought 1,014 put options on the stock. This represents an increase of approximately 711% compared to the average daily volume of 125 put options.

Several large investors have recently added to or reduced their stakes in HDS. Dimensional Fund Advisors LP raised its holdings in shares of HD Supply Holdings by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 669,461 shares of the industrial products company’s stock valued at $27,531,000 after buying an additional 15,264 shares in the last quarter. KCG Holdings Inc. purchased a new position in shares of HD Supply Holdings during the 1st quarter valued at about $317,000. Bank of Montreal Can raised its holdings in shares of HD Supply Holdings by 865.7% during the 2nd quarter. Bank of Montreal Can now owns 15,046 shares of the industrial products company’s stock valued at $461,000 after buying an additional 13,488 shares in the last quarter. Creative Planning raised its holdings in shares of HD Supply Holdings by 15.2% during the 2nd quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after buying an additional 500 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its holdings in shares of HD Supply Holdings by 0.5% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 101,703 shares of the industrial products company’s stock valued at $3,115,000 after buying an additional 474 shares in the last quarter. 95.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HD Supply Holdings (NASDAQ:HDS) opened at $35.20 on Friday. HD Supply Holdings has a 1-year low of $28.97 and a 1-year high of $44.73. The firm has a market capitalization of $6,570.00, a PE ratio of 13.84, a price-to-earnings-growth ratio of 0.79 and a beta of 1.40. 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 released its quarterly earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share for the quarter, meeting the consensus estimate of $0.64. HD Supply Holdings had a return on equity of 49.76% and a net margin of 9.31%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the firm posted $0.85 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. equities research analysts forecast that HD Supply Holdings will post 2.21 earnings per share for the current year.

HD Supply Holdings announced that its board has authorized a stock repurchase plan on Tuesday, August 29th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Several brokerages have commented on HDS. Goldman Sachs Group Inc restated a “neutral” rating and issued a $35.00 target price on shares of HD Supply Holdings in a research note on Wednesday, August 16th. BidaskClub upgraded HD Supply Holdings from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded HD Supply Holdings from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Friday, August 25th. ValuEngine upgraded HD Supply Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $38.00 target price (up previously from $37.00) on shares of HD Supply Holdings in a research note on Monday, October 2nd. Thirteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $38.50.

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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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