Stock Traders Purchase High Volume of Home Depot Put Options (HD)
Shares of Home Depot (NYSE:HD) was the recipient of some unusual options trading activity on Monday. Traders acquired 17,600 put options on the stock, American Banking News.com reports. This is an increase of 103% compared to the average daily volume of 8,673 put options.
A number of analysts have recently weighed in on HD shares. Analysts at Ned Davis Research downgraded shares of Home Depot from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Home Depot in a research note to investors on Friday. Finally, analysts at SunTrust initiated coverage on shares of Home Depot in a research note to investors on Tuesday, October 15th. They set a “buy” rating and a $90.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $82.27.
Home Depot (NYSE:HD) traded down 0.09% during mid-day trading on Monday, hitting $74.62. 7,578,677 shares of the company’s stock traded hands. Home Depot has a 52-week low of $59.44 and a 52-week high of $81.56. The stock’s 50-day moving average is $75.37 and its 200-day moving average is $76.13. The company has a market cap of $106.9 billion and a price-to-earnings ratio of 22.11.
Home Depot (NYSE:HD) last posted its quarterly earnings results 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 $3.70 earnings per share for the current fiscal year.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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