Investors Purchase High Volume of Put Options on The Home Depot (HD)
The Home Depot (NYSE:HD) was the recipient of unusually large options trading on Monday. Stock traders acquired 23,735 put options on the company, AnalystRatings.Net reports. This is an increase of approximately 250% compared to the typical volume of 6,773 put options.
A number of research firms have recently commented on HD. Analysts at Jefferies Group raised their price target on shares of The Home Depot from $90.00 to $95.00 in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock. Separately, analysts at Wolfe Research upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Finally, analysts at Morgan Stanley initiated coverage on shares of The Home Depot in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $90.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $88.50.
The Home Depot (NYSE:HD) traded down 0.12% on Monday, hitting $83.59. The stock had a trading volume of 9,476,093 shares. The Home Depot has a one year low of $72.21 and a one year high of $84.09. The stock’s 50-day moving average is $81.0 and its 200-day moving average is $79.42. The company has a market cap of $114.3 billion and a price-to-earnings ratio of 21.27.
The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 20th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. The company had revenue of $19.70 billion for the quarter, compared to the consensus estimate of $19.96 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that The Home Depot will post $4.41 earnings per share for the current fiscal year.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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