Stock Traders Buy High Volume of Call Options on Home Depot (HD)
Home Depot (NYSE:HD) was the recipient of some unusual options trading activity on Friday. Stock investors purchased 18,840 call options on the company, American Banking & Market News reports. This represents an increase of 150% compared to the average daily volume of 7,538 call options.
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, September 25th. Eleven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Home Depot presently has a consensus rating of “Buy” and a consensus price target of $81.00.
Shares of Home Depot (NYSE:HD) traded down 0.13% during mid-day trading on Friday, hitting $75.78. The stock had a trading volume of 4,855,790 shares. 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 $75.17 and its 200-day moving average is $75.72. The company has a market cap of $108.6 billion and a P/E ratio of 22.46.
Home Depot (NYSE:HD) last issued its quarterly earnings data 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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