Investors Buy Large Volume of The Home Depot Put Options (HD)
Shares of The Home Depot (NYSE:HD) saw some unusual options trading on Tuesday. Stock investors purchased 34,613 put options on the stock, Analyst Ratings.Net reports. This is an increase of approximately 231% compared to the typical daily volume of 10,460 put options.
In other The Home Depot news, CEO Francis S. Blake sold 98,000 shares of The Home Depot stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $91.33, for a total value of $8,950,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on HD. Analysts at Zacks reiterated a “neutral” rating on shares of The Home Depot in a research note on Monday. They now have a $98.00 price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The Home Depot currently has a consensus rating of “Buy” and a consensus target price of $91.40.
The Home Depot (NYSE:HD) traded down 2.02% on Tuesday, hitting $91.15. 20,732,316 shares of the company’s stock traded hands. The Home Depot has a 52-week low of $72.21 and a 52-week high of $93.52. The stock has a 50-day moving average of $83.65 and a 200-day moving average of $80.44. The company has a market cap of $122.7 billion and a P/E ratio of 22.26.
The Home Depot (NYSE:HD) last issued its quarterly earnings data 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 last year, the company posted $1.24 earnings per share. The Home Depot’s revenue was up 5.7% compared to the same quarter last year. 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 2.06%. The ex-dividend date is Tuesday, September 2nd.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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