Home Depot Inc (HD) Director Wayne M. Hewett Acquires 350 Shares
Home Depot Inc (NYSE:HD) Director Wayne M. Hewett acquired 350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $157.11 per share, with a total value of $54,988.50. Following the completion of the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $219,954. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Home Depot Inc (NYSE:HD) traded up 0.39% on Friday, reaching $156.30. 4,781,806 shares of the company traded hands. Home Depot Inc has a 52-week low of $119.20 and a 52-week high of $160.86. The stock has a 50-day moving average price of $151.91 and a 200-day moving average price of $140.67. The firm has a market cap of $187.25 billion, a P/E ratio of 23.39 and a beta of 1.09.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.06. The firm had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.44 EPS. Analysts anticipate that Home Depot Inc will post $7.24 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Tuesday, May 30th. Home Depot’s dividend payout ratio is currently 44.66%.
A number of equities research analysts recently issued reports on HD shares. BTIG Research upped their price objective on shares of Home Depot from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Tuesday, April 25th. Wedbush reiterated a “neutral” rating and issued a $145.00 price objective on shares of Home Depot in a report on Friday, February 10th. Morgan Stanley upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $150.00 to $165.00 in a report on Thursday, February 23rd. Finally, Vetr upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $152.86 price objective for the company in a report on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. Home Depot has a consensus rating of “Buy” and an average price target of $162.77.
Hedge funds have recently bought and sold shares of the stock. Cornercap Investment Counsel Inc. boosted its position in shares of Home Depot by 10.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 38,565 shares of the home improvement retailer’s stock valued at $5,171,000 after buying an additional 3,620 shares during the last quarter. L & S Advisors Inc purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $3,583,000. Pictet & Cie Europe SA boosted its position in shares of Home Depot by 39.1% in the third quarter. Pictet & Cie Europe SA now owns 37,400 shares of the home improvement retailer’s stock valued at $4,813,000 after buying an additional 10,505 shares during the last quarter. Nicholas Co. Inc. WI purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $46,400,000. Finally, Banco Santander S.A. purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $1,001,000. 71.53% of the stock is owned by hedge funds and other institutional investors.
About Home Depot
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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