Insider Selling: The Home Depot EVP Sells 22,439 Shares of Stock (HD)
The Home Depot (NYSE:HD) EVP Timothy M. Crow sold 22,439 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $91.45, for a total value of $2,052,046.55. Following the completion of the transaction, the executive vice president now directly owns 199,077 shares in the company, valued at approximately $18,205,592. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
HD has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of The Home Depot in a research note on Wednesday, August 20th. They now have a $95.00 price target on the stock, up previously from $92.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Home Depot in a research note on Wednesday, August 20th. They now have a $98.00 price target on the stock, up previously from $85.00. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of The Home Depot in a research note on Wednesday, August 20th. They now have a $91.00 price target on the stock, up previously from $85.50. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. The Home Depot has an average rating of “Buy” and an average price target of $91.05.
Shares of The Home Depot (NYSE:HD) traded up 0.26% on Wednesday, hitting $91.87. The stock had a trading volume of 4,321,230 shares. The Home Depot has a one year low of $72.21 and a one year high of $91.96. The stock’s 50-day moving average is $82.87 and its 200-day moving average is $80.23. The company has a market cap of $123.7 billion and a P/E ratio of 21.92. The Home Depot also saw a significant drop in short interest in August. As of August 15th, there was short interest totalling 12,956,387 shares, a drop of 20.3% from the July 31st total of 16,260,267 shares. Based on an average daily volume of 5,413,132 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.9% of the company’s stock are sold short.
The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The company reported $1.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.45 by $0.07. The company had revenue of $23.80 billion for the quarter, compared to the consensus estimate of $23.61 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that The Home Depot will post $4.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Tuesday, September 2nd.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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