Short Interest in The Home Depot, Inc. (NYSE:HD) Grows By 6.7%

The Home Depot, Inc. (NYSE:HDGet Rating) was the target of a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 13,220,000 shares, a growth of 6.7% from the December 15th total of 12,390,000 shares. Based on an average trading volume of 3,980,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 1.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HD. Jefferies Financial Group upped their price target on Home Depot from $392.00 to $394.00 and gave the stock a “buy” rating in a research note on Monday, October 3rd. MKM Partners reduced their target price on Home Depot from $330.00 to $312.00 in a report on Wednesday, November 9th. Sanford C. Bernstein started coverage on Home Depot in a report on Tuesday, December 6th. They set a “market perform” rating and a $337.00 price objective for the company. Exane BNP Paribas lowered Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 price target for the company. in a report on Wednesday, October 19th. Finally, Wedbush cut their price target on Home Depot to $280.00 in a report on Wednesday, November 16th. Nine investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $341.24.

Home Depot Price Performance

Shares of NYSE HD opened at $317.69 on Wednesday. Home Depot has a twelve month low of $264.51 and a twelve month high of $374.67. The firm has a market cap of $325.23 billion, a P/E ratio of 19.15, a PEG ratio of 1.68 and a beta of 0.95. The company has a 50 day moving average of $320.86 and a 200 day moving average of $302.94. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16.

Home Depot (NYSE:HDGet Rating) last announced its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $0.13. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. The company had revenue of $38.87 billion during the quarter, compared to analyst estimates of $37.96 billion. During the same period in the previous year, the business earned $3.92 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts expect that Home Depot will post 16.64 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were paid a dividend of $1.90 per share. The ex-dividend date was Wednesday, November 30th. This represents a $7.60 dividend on an annualized basis and a yield of 2.39%. Home Depot’s dividend payout ratio is presently 45.81%.

Insider Activity at Home Depot

In related news, Director Paula Santilli bought 1,583 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were purchased at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the transaction, the director now directly owns 1,583 shares of the company’s stock, valued at approximately $499,911.40. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Fahim Siddiqui sold 2,000 shares of Home Depot stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $311.29, for a total transaction of $622,580.00. Following the completion of the transaction, the executive vice president now owns 3,928 shares of the company’s stock, valued at $1,222,747.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paula Santilli bought 1,583 shares of the stock in a transaction that occurred on Wednesday, November 16th. The shares were purchased at an average cost of $315.80 per share, with a total value of $499,911.40. Following the purchase, the director now directly owns 1,583 shares of the company’s stock, valued at $499,911.40. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Home Depot

Hedge funds have recently added to or reduced their stakes in the stock. First Personal Financial Services raised its stake in Home Depot by 81.1% during the 3rd quarter. First Personal Financial Services now owns 96 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 43 shares during the last quarter. Fairfield Bush & CO. bought a new stake in shares of Home Depot during the 1st quarter valued at $27,000. Grayhawk Investment Strategies Inc. bought a new stake in shares of Home Depot during the 2nd quarter valued at $28,000. Align Wealth Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $30,000. Finally, Glassy Mountain Advisors Inc. bought a new stake in shares of Home Depot during the 4th quarter valued at $30,000. 68.31% of the stock is currently owned by hedge funds and other institutional investors.

About Home Depot

(Get Rating)

The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

Featured Stories

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.