Home Depot Target of Unusually High Options Trading (HD)
Home Depot (NYSE:HD) saw some unusual options trading on Friday. Traders bought 18,536 call options on the stock, American Banking and Market News reports. This is an increase of 148% compared to the typical volume of 7,482 call options.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Home Depot in a research note to investors on Wednesday, December 18th. Separately, analysts at Raymond James upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, December 13th. They now have a $85.50 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Home Depot in a research note to investors on Thursday, December 12th. They now have a $85.00 price target on the stock, up previously from $80.00. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $85.40.
Home Depot (NYSE:HD) traded down 0.16% during mid-day trading on Friday, hitting $81.89. The stock had a trading volume of 3,897,892 shares. Home Depot has a 52-week low of $62.38 and a 52-week high of $82.57. The stock’s 50-day moving average is $79.92 and its 200-day moving average is $77.42. The company has a market cap of $115.3 billion and a price-to-earnings ratio of 22.22.
Home Depot (NYSE:HD) last released its earnings data on Tuesday, November 19th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.89 by $0.06. The company had revenue of $19.47 billion for the quarter, compared to the consensus estimate of $19.17 billion. During the same quarter last year, the company posted $0.74 earnings per share. Home Depot’s revenue was up 7.4% compared to the same quarter last year.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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