Traders Buy Large Volume of Home Depot Call Options (HD)

Home Depot, Inc. (The) (NYSE:HD) saw unusually large options trading on Tuesday. Stock investors bought 178,841 call options on the company. This is an increase of approximately 1,162% compared to the average daily volume of 14,171 call options.

In other Home Depot news, EVP Matt Carey sold 32,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. American Beacon Advisors Inc. bought a new stake in shares of Home Depot in the 1st quarter worth about $100,000. Jacobi Capital Management LLC increased its position in Home Depot by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares in the last quarter. Burt Wealth Advisors increased its position in Home Depot by 83.5% in the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Home Depot by 63.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after purchasing an additional 340 shares during the last quarter. Finally, Empire Life Investments Inc. boosted its stake in shares of Home Depot by 233.4% in the 3rd quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock valued at $157,000 after purchasing an additional 670 shares during the last quarter. 69.70% of the stock is owned by institutional investors and hedge funds.

Shares of Home Depot (NYSE:HD) opened at $179.82 on Friday. Home Depot has a 12-month low of $128.68 and a 12-month high of $180.67. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. The firm has a market capitalization of $206,189.45, a price-to-earnings ratio of 24.52, a PEG ratio of 1.79 and a beta of 1.08.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. Home Depot’s revenue for the quarter was up 8.1% compared to the same quarter last year. research analysts forecast that Home Depot will post 7.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.98%. The ex-dividend date is Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is 49.44%.

Several equities analysts recently weighed in on the stock. Robert W. Baird restated an “outperform” rating and set a $195.00 target price on shares of Home Depot in a report on Thursday. Credit Suisse Group restated an “outperform” rating and set a $183.00 price target (up from $175.00) on shares of Home Depot in a report on Wednesday. Atlantic Securities raised Home Depot from a “neutral” rating to an “overweight” rating and raised their target price for the company from $174.16 to $174.95 in a research report on Tuesday. Telsey Advisory Group lifted their price target on Home Depot from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Finally, Royal Bank Of Canada lifted their price target on Home Depot from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $176.82.

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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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