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. $67.98 million flowed into the stock on the tick-up and $90.71 million flowed out of the stock on the tick-down, for a money net flow of $22.73 million out of the stock. Of all stocks tracked, The Home Depot had the 0th highest net out-flow for the day. The Home Depot traded up $0.37 for the day and closed at $135.43
A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of The Home Depot in a report on Tuesday, August 2nd. They issued a “buy” rating and a $157.00 price objective for the company. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $142.00 price objective on shares of The Home Depot in a report on Tuesday, August 16th. Wedbush reiterated a “neutral” rating and issued a $140.00 price objective (down from $145.00) on shares of The Home Depot in a report on Tuesday, August 16th. Zacks Investment Research cut shares of The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Citigroup Inc. upped their price objective on shares of The Home Depot from $152.00 to $155.00 and gave the stock a “buy” rating in a 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 stock. The company presently has an average rating of “Buy” and an average price target of $147.17.
The firm has a market cap of $166.01 billion and a PE ratio of 22.74. The stock’s 50-day moving average price is $136.11 and its 200 day moving average price is $131.54.
The Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.97. The business had revenue of $26.47 billion for the quarter, compared to the consensus estimate of $26.47 billion. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.71 earnings per share. Equities analysts predict that The Home Depot Inc. will post $6.33 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Tuesday, August 30th.
In other news, CFO Carol B. Tome sold 97,610 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were 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 directly owns 644,831 shares of the company’s stock, valued at approximately $87,277,875.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Matt Carey sold 29,357 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the completion of the sale, the executive vice president now directly owns 88,872 shares in the company, valued at $12,109,698.72. The disclosure for this sale can be found here.
Several large investors have recently bought and sold shares of the stock. Trexquant Investment LP purchased a new stake in The Home Depot during the fourth quarter worth approximately $1,058,000. Howland Capital Management LLC raised its stake in 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. Usca Ria LLC raised its stake in The Home Depot by 6.4% in the fourth quarter. Usca Ria LLC now owns 10,840 shares of the home improvement retailer’s stock worth $1,434,000 after buying an additional 650 shares in the last quarter. Schnieders Capital Management LLC raised its stake in The Home Depot by 3.3% in the fourth quarter. Schnieders Capital Management LLC now owns 11,681 shares of the home improvement retailer’s stock worth $1,545,000 after buying an additional 375 shares in the last quarter. Finally, Spectrum Management Group Inc. raised its stake in The Home Depot by 20.6% in the fourth quarter. Spectrum Management Group Inc. now owns 11,830 shares of the home improvement retailer’s stock worth $1,565,000 after buying an additional 2,020 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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