The Home Depot Sees Unusually Large Options Volume (HD)
Shares of The Home Depot (NYSE:HD) were the target of some unusual options trading activity on Friday. Stock investors bought 55,987 call options on the company, Stock Ratings Network reports. This is an increase of approximately 389% compared to the average volume of 11,442 call options.
In other The Home Depot news, CEO Francis S. Blake unloaded 98,000 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $91.33, for a total transaction of $8,950,340.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on HD. 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 assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $91.05.
Shares of The Home Depot (NYSE:HD) traded up 1.07% during mid-day trading on Friday, hitting $93.50. The stock had a trading volume of 7,672,143 shares. The Home Depot has a 52-week low of $72.21 and a 52-week high of $92.73. The stock has a 50-day moving average of $83.19 and a 200-day moving average of $80.31. The company has a market cap of $125.9 billion and a P/E ratio of 22.13.
The Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the 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. Investors 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 2.01%. The ex-dividend date is Tuesday, September 2nd.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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