Home Depot Sees Unusually High Options Volume (HD)
Shares of Home Depot (NYSE:HD) was the recipient of some unusual options trading activity on Wednesday. Investors bought 15,918 put options on the company, American Banking and Market News reports. This represents an increase of approximately 136% compared to the typical volume of 6,747 put options.
In other Home Depot news, Director Mark Vadon bought 10,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of $75.20 per share, with a total value of $752,000.00. Following the completion of the purchase, the director now directly owns 16,095 shares in the company, valued at approximately $1,210,344. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Home Depot (NYSE:HD) in a research note to investors on Wednesday.
Eleven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $81.00.
Home Depot (NYSE:HD) traded down 0.68% during mid-day trading on Wednesday, hitting $75.52. 6,787,628 shares of the company’s stock traded hands. Home Depot has a 52-week low of $58.75 and a 52-week high of $81.56. The stock’s 50-day moving average is $75.80 and its 200-day moving average is $75.52. The company has a market cap of $108.2 billion and a P/E ratio of 22.51.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 20th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter 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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