In the market the company is trading down from yesterday’s close of $29.82. The stock is trading at $29.33 which is marginally lower than the 50 day moving average of $36.21 and just a bit lower than the 200 day moving average of $40.34. The 50 day moving average was down by -18.89% and the 200 day average was down $-10.97.
Short traders are feeling a little more bearish on HD Supply Holdings, Inc. recently if you take into consideration the increase in short interest. The stock recorded a rise in short interest between May 31, 2017 and May 15, 2017 of 4.41%. Short interest increased 124,320 over that period. Days to cover decreased -1.1 to 1.0 and the short interest percentage is 0.01% as of May 15.
There has been some selling insider activity on HD Supply Holdings, Inc. (NASDAQ:HDS) recently. Joseph J. Deangelo, Chairman, President and CEO sold $28,977,180 worth of shares at a price of $40.69 on Tue the 4th. That brings the Chairman, President and CEO’s holdings to $13,363,654 as reported to the SEC. Joseph J. Deangelo, Chairman, President and CEO reported the sale of 600,000 shares of HDS stock. The shares sold for $40.74. Deangelo now owns $13,380,075 of the stock according to the SEC filing.
Dan S. Mcdevitt, Gen. Counsel & Corp. Secretary sold $39,049 worth of shares at a price of $42.17 on Mon the 13th. The Gen. Counsel & Corp. Secretary now owns $226,579 of the stock as recorded in a recent Form 4 SEC filing.
HD Supply Holdings, Inc., launched on June 18, 2007, is an industrial distributor in North America. The Business’s segments include Facilities Maintenance, Waterworks, 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. It serves contractors, government entities, maintenance professionals, home builders and industrial businesses. As of January 29, 2017, its range of product lines and services included approximately 845,000 stock-keeping units (SKUs) of products, brands, as well as value-add services supporting the entire life-cycle of a project from infrastructure and construction to maintenance, repair and operations..
The following firms have also recently changed their position in HDS. New England Research & Management, Inc. augmented its stake by buying 8,100 shares an increase of 97.6%. New England Research & Management, Inc. now controls 16,400 shares with a value of $502,000. The value of the position overall is up by 47.2%. As of the end of the quarter Bank Of Montreal /can/ had sold a total of 61 shares trimming its stake by 5.8%. The value of the investment in (HDS) decreased from $43,000 to $30,000 decreasing 30.2% quarter over quarter.
As of quarter end Symphony Asset Management LLC had disposed of 12,729 shares trimming its holdings by 28.3%. The value of the company’s investment in HD Supply Holdings, Inc. went from $1,912,000 to $1,123,000 a change of 41.3% for the reporting period. Baird Financial Group, Inc. reduced its holdings by shedding 5,248 shares a decrease of 3.9% in the quarter. Baird Financial Group, Inc. controls 128,245 shares worth $5,274,000. The total value of its holdings decreased 7.1%.
On July 10 the company was changed to a “Neutral” by Longbow Research a cut from the previous “Buy” rating. On June 14 the company was downgraded to “Neutral” from “Positive” by analysts at Susquehanna.
On June 7 the stock rating was downgraded from “” to “Neutral” and a price target of $37.00 was set by Baird. On June 7, 2017 the stock rating was rated “Hold” in a report from Drexel Hamilton which was a cut from the previous “” rating.
On December 7 the company was set at “Outperform” according to a SunTrust Robinson Humphrey report which is down from the previous “Buy” rating. On December 7, 2016 the stock rating was rated “Outperform” according to a RBC Capital report up from the previous “Outperform” rating.
The company currently has a P/E ratio of 20.20 and the market cap of the company is 5.95B. As of the latest earnings report the EPS was $1.45 and is estimated to be $2.10 for the current year with 202,659,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.64 and the next full year EPS is anticipated to be $2.64.