Home Depot, Inc. (The) (HD) EVP Matt Carey Sells 32,000 Shares
Home Depot, Inc. (The) (NYSE:HD) EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Home Depot, Inc. (HD) traded up 1.10% during trading on Friday, reaching $159.66. 10,086,237 shares of the company traded hands. The stock has a market cap of $188.21 billion, a P/E ratio of 22.98 and a beta of 1.07. The stock’s 50 day moving average price is $150.60 and its 200-day moving average price is $151.27. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86.
Home Depot, Inc. (The) (NYSE:HD) last released its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.97 EPS. On average, equities research analysts expect that Home Depot, Inc. will post $7.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio is currently 51.15%.
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Several institutional investors have recently made changes to their positions in HD. Janus Henderson Group PLC raised its stake in shares of Home Depot, Inc. (The) by 2,013.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after purchasing an additional 3,162,631 shares in the last quarter. Boston Partners bought a new stake in shares of Home Depot, Inc. (The) during the 1st quarter worth approximately $326,895,000. Harbour Capital Advisors LLC raised its stake in shares of Home Depot, Inc. (The) by 15,121.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after purchasing an additional 1,852,784 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Home Depot, Inc. (The) by 43.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after purchasing an additional 1,734,963 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Home Depot, Inc. (The) during the 2nd quarter worth approximately $133,780,000. Institutional investors own 71.45% of the company’s stock.
Several equities analysts have recently weighed in on the stock. UBS AG restated a “buy” rating and set a $175.00 price objective (up previously from $173.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $182.00 price objective on shares of Home Depot, Inc. (The) in a research note on Thursday, August 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $178.00 price objective on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Zacks Investment Research lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating on shares of Home Depot, Inc. (The) in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Home Depot, Inc. (The) has an average rating of “Buy” and an average target price of $169.40.
Home Depot, Inc. (The) 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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