Traders Purchase High Volume of Put Options on Home Depot (HD)
Home Depot (NYSE:HD) saw unusually large options trading on Tuesday. Traders acquired 24,987 put options on the stock, AmericanBankingNews.com reports. This is an increase of 215% compared to the average daily volume of 7,937 put options.
A number of analysts have recently weighed in on HD shares. Analysts at TheStreet reiterated a “buy” rating on shares of Home Depot in a research note to investors on Tuesday. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Home Depot presently has an average rating of “Buy” and a consensus target price of $81.00.
Shares of Home Depot (NYSE:HD) traded down 1.14% during mid-day trading on Tuesday, hitting $74.27. 8,998,124 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 $75.16 and its 200-day moving average is $75.9. The company has a market cap of $106.4 billion and a price-to-earnings ratio of 22.24.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $1.24 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.01 earnings per share. Home Depot’s revenue was up 9.5% compared to the same quarter last year. 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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