Investors Sell The Home Depot Inc. (HD) on Strength (HD)
Traders sold shares of The Home Depot Inc. (NYSE:HD) on strength during trading hours on Thursday. $77.15 million flowed into the stock on the tick-up and $142.07 million flowed out of the stock on the tick-down, for a money net flow of $64.92 million out of the stock. Of all companies tracked, The Home Depot had the 0th highest net out-flow for the day. The Home Depot traded up $0.11 for the day and closed at $134.23
Several research analysts have recently commented on HD shares. Nomura raised The Home Depot from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $140.00 to $155.00 in a research report on Thursday, June 23rd. Argus reissued a “buy” rating and issued a $150.00 price target (up from $145.00) on shares of The Home Depot in a research report on Wednesday, May 18th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of The Home Depot in a research report on Tuesday, May 17th. Zacks Investment Research lowered The Home Depot from a “buy” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $155.00 price target (up from $150.00) on shares of The Home Depot in a research report on Wednesday, August 17th. Seven investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $147.17.
The stock’s 50 day moving average price is $136.12 and its 200-day moving average price is $132.13. The company has a market capitalization of $166.99 billion and a price-to-earnings ratio of 22.88.
The Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.97. The company had revenue of $26.47 billion for the quarter, compared to analysts’ expectations of $26.47 billion. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 EPS. Equities research analysts predict that The Home Depot Inc. will post $6.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Tuesday, August 30th.
In other The Home Depot news, CFO Carol B. Tome sold 97,610 shares of The Home Depot stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total value of $13,211,513.50. Following the sale, the chief financial officer now owns 644,831 shares of the company’s stock, valued at approximately $87,277,875.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy M. Crow sold 49,392 shares of The Home Depot stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $135.06, for a total value of $6,670,883.52. Following the completion of the sale, the executive vice president now directly owns 224,905 shares in the company, valued at approximately $30,375,669.30. The disclosure for this sale can be found here.
A number of large investors have made changes to their positions in the stock. Howland Capital Management LLC raised its stake in shares of The Home Depot by 3.4% in the fourth quarter. Howland Capital Management LLC now owns 10,328 shares of the home improvement retailer’s stock worth $1,366,000 after buying an additional 337 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of The Home Depot during the fourth quarter worth $3,570,000. Haverford Trust Co. raised its stake in shares of The Home Depot by 6.9% in the fourth quarter. Haverford Trust Co. now owns 47,970 shares of the home improvement retailer’s stock worth $6,344,000 after buying an additional 3,084 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of The Home Depot by 42.0% in the fourth quarter. Toronto Dominion Bank now owns 64,953 shares of the home improvement retailer’s stock worth $8,603,000 after buying an additional 19,200 shares in the last quarter. Finally, Weatherly Asset Management L. P. raised its stake in shares of The Home Depot by 4.0% in the fourth quarter. Weatherly Asset Management L. P. now owns 73,848 shares of the home improvement retailer’s stock worth $9,766,000 after buying an additional 2,863 shares in the last quarter.
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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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