Traders Purchase Large Volume of Call Options on HD Supply (HDS)

HD Supply Holdings Inc (NASDAQ:HDS) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 8,783 call options on the stock. This is an increase of approximately 5,322% compared to the average volume of 162 call options.

Shares of HD Supply (NASDAQ HDS) opened at $35.80 on Friday. HD Supply has a 1 year low of $28.97 and a 1 year high of $44.73. The firm has a market cap of $6,690.00, a price-to-earnings ratio of 29.83, a P/E/G ratio of 0.63 and a beta of 1.28. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.80 and a quick ratio of 1.80.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.05. HD Supply had a net margin of 16.55% and a return on equity of 41.89%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. HD Supply’s quarterly revenue was up 7.5% on a year-over-year basis. analysts forecast that HD Supply will post 2.27 EPS for the current fiscal year.

Several equities analysts have recently commented on the stock. ValuEngine downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. BidaskClub downgraded shares of HD Supply from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. Royal Bank of Canada downgraded shares of HD Supply from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Finally, SunTrust Banks reissued a “hold” rating and issued a $42.00 target price on shares of HD Supply in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $38.85.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American International Group Inc. bought a new stake in HD Supply in the fourth quarter worth $177,000. Arrowstreet Capital Limited Partnership bought a new position in HD Supply during the fourth quarter valued at $8,986,000. Bank of New York Mellon Corp increased its position in HD Supply by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 794,938 shares of the industrial products company’s stock valued at $31,821,000 after acquiring an additional 31,779 shares during the last quarter. Global X Management Co. LLC increased its position in HD Supply by 74.5% during the fourth quarter. Global X Management Co. LLC now owns 13,939 shares of the industrial products company’s stock valued at $558,000 after acquiring an additional 5,950 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in HD Supply by 30.2% during the fourth quarter. Toronto Dominion Bank now owns 20,525 shares of the industrial products company’s stock valued at $821,000 after acquiring an additional 4,757 shares during the last quarter.

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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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