Traders Sell Shares of The Home Depot Inc. (HD) on Strength (HD)
Traders sold shares of The Home Depot Inc. (NYSE:HD) on strength during trading on Friday. $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
A number of research firms have commented on HD. Zacks Investment Research cut The Home Depot from a “buy” rating to a “hold” rating in a report on Thursday, August 18th. RBC Capital Markets reissued an “outperform” rating and set a $155.00 price target (up from $150.00) on shares of The Home Depot in a report on Wednesday, August 17th. Nomura reissued an “in-line” rating and set a $155.00 price target on shares of The Home Depot in a report on Wednesday, August 17th. Wedbush raised their price target on The Home Depot from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Finally, Argus raised their price target on The Home Depot from $150.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $147.17.
The firm has a market capitalization of $166.99 billion and a price-to-earnings ratio of 22.88. The stock’s 50-day moving average is $136.12 and its 200 day moving average is $132.13.
The Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.97. The firm had revenue of $26.47 billion for the quarter, compared to analysts’ expectations 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 company earned $1.71 earnings per share. Equities research analysts forecast 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 given a dividend of $0.69 per share. The ex-dividend date is Tuesday, August 30th. This represents a $2.76 annualized dividend and a dividend yield of 2.04%.
In related news, CFO Carol B. Tome sold 97,610 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the completion of the transaction, the chief financial officer now owns 644,831 shares in the company, valued at approximately $87,277,875.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 11,671 shares of the company’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $136.03, for a total transaction of $1,587,606.13. Following the transaction, the executive vice president now owns 44,107 shares of the company’s stock, valued at approximately $5,999,875.21. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently added to or reduced their stakes in HD. GSA Capital Partners LLP bought a new position in The Home Depot during the fourth quarter valued at $3,570,000. Toronto Dominion Bank increased its position in 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 valued at $8,603,000 after buying an additional 19,200 shares during the period. Weatherly Asset Management L. P. increased its position in 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 valued at $9,766,000 after buying an additional 2,863 shares during the period. Advantus Capital Management Inc increased its position in The Home Depot by 2.0% in the fourth quarter. Advantus Capital Management Inc now owns 123,177 shares of the home improvement retailer’s stock valued at $16,290,000 after buying an additional 2,471 shares during the period. Finally, Azimuth Capital Management LLC increased its position in The Home Depot by 0.3% in the fourth quarter. Azimuth Capital Management LLC now owns 124,638 shares of the home improvement retailer’s stock valued at $16,483,000 after buying an additional 323 shares during the period.
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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