Home Depot Sees Unusually Large Options Volume (HD)
Home Depot Inc (NYSE:HD) saw unusually large options trading on Friday. Stock investors bought 54,164 call options on the company. This represents an increase of 252% compared to the typical volume of 15,382 call options.
A number of brokerages recently commented on HD. Oppenheimer Holdings Inc. set a $178.00 target price on Home Depot and gave the company a “buy” rating in a research note on Tuesday, May 16th. Citigroup Inc restated a “buy” rating and issued a $179.00 target price (up from $168.00) on shares of Home Depot in a research note on Wednesday, May 17th. Barclays PLC restated an “overweight” rating and issued a $165.00 target price (up from $150.00) on shares of Home Depot in a research note on Wednesday, May 17th. BMO Capital Markets set a $176.00 target price on Home Depot and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $178.00 target price (up from $165.00) on shares of Home Depot in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and an average price target of $162.97.
In related news, CEO Craig A. Menear sold 90,661 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total value of $14,214,738.19. Following the completion of the transaction, the chief executive officer now directly owns 240,090 shares in the company, valued at $37,643,711.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne M. Hewett bought 350 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $157.11 per share, with a total value of $54,988.50. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $219,954. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 128,900 shares of company stock valued at $20,167,386. Corporate insiders own 0.26% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. American Beacon Advisors Inc. bought a new stake in Home Depot during the first quarter worth approximately $100,000. Kistler Tiffany Companies LLC raised its stake in Home Depot by 18.5% in the first quarter. Kistler Tiffany Companies LLC now owns 686 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 107 shares during the period. Advantage Investment Management LLC bought a new stake in Home Depot during the fourth quarter worth approximately $103,000. Riggs Asset Managment Co. Inc. raised its stake in Home Depot by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the period. Finally, CT Financial Advisors LLC raised its stake in Home Depot by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.
Home Depot (NYSE:HD) traded down 1.00% during trading on Friday, reaching $154.90. The company had a trading volume of 4,284,410 shares. Home Depot has a 12-month low of $119.20 and a 12-month high of $160.86. The firm’s 50 day moving average price is $153.20 and its 200 day moving average price is $141.94. The firm has a market capitalization of $185.57 billion, a PE ratio of 23.18 and a beta of 1.09.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.06. The business had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. Home Depot’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS. Analysts anticipate that Home Depot will post $7.24 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.30%. Home Depot’s dividend payout ratio (DPR) is presently 44.66%.
Home Depot Company Profile
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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