Home Depot Target of Unusually Large Options Trading (HD)
Home Depot (NYSE:HD) saw unusually large options trading activity on Thursday. Traders bought 12,538 put options on the stock, StockRatingsNetwork.com reports. This is an increase of approximately 101% compared to the average volume of 6,223 put options.
In other Home Depot news, Director Mark Vadon bought 10,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average cost of $75.20 per share, for a total transaction of $752,000.00. Following the transaction, the director now directly owns 16,095 shares in the company. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on HD shares. Analysts at TheStreet reiterated a “buy” rating on shares of Home Depot (NYSE:HD) in a research note to investors on Tuesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Home Depot (NYSE:HD) in a research note to investors on Thursday, September 5th. They now have a $78.00 price target on the stock.
Eleven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Home Depot currently has an average rating of “Buy” and a consensus target price of $81.00.
Shares of Home Depot (NYSE:HD) traded down 0.27% during mid-day trading on Friday, hitting $78.30. The stock had a trading volume of 3,621,824 shares. Home Depot has a one year low of $58.75 and a one year high of $81.56. The stock has a 50-day moving average of $76.0 and a 200-day moving average of $75.32. The company has a market cap of $112.2 billion and a P/E ratio of 23.24.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.20 by $0.04. The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $21.72 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts predict that Home Depot will post $3.69 earnings per share for the current fiscal year.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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