Home Depot, Inc. (The) Sees Unusually Large Options Volume (HD)

Home Depot, Inc. (The) (NYSE:HD) saw unusually large options trading on Thursday. Stock traders purchased 41,725 call options on the stock. This is an increase of approximately 424% compared to the average daily volume of 7,956 call options.

Several brokerages recently weighed in on HD. UBS AG reaffirmed a “buy” rating and set a $175.00 target price (up previously from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. BidaskClub raised Home Depot, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Friday. Jefferies Group LLC reaffirmed a “buy” rating and set a $182.00 target price on shares of Home Depot, Inc. (The) in a research note on Thursday. Vetr lowered Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $159.21 price target for the company. in a research report on Monday. Finally, Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $164.72.

In related news, EVP Ann Marie Campbell sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the completion of the transaction, the executive vice president now owns 54,091 shares of the company’s stock, valued at $8,468,486.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William G. Lennie sold 31,239 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $155.47, for a total value of $4,856,727.33. Following the transaction, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The disclosure for this sale can be found here. In the last three months, insiders sold 128,900 shares of company stock valued at $20,167,386. Company insiders own 0.26% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new stake in Home Depot, Inc. (The) during the first quarter valued at about $100,000. Advantage Investment Management LLC bought a new stake in Home Depot, Inc. (The) during the fourth quarter valued at about $103,000. Jacobi Capital Management LLC raised its stake in Home Depot, Inc. (The) by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its stake in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares during the last quarter. Finally, CT Financial Advisors LLC raised its stake in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares during the last quarter. Institutional investors and hedge funds own 71.52% of the company’s stock.

Shares of Home Depot, Inc. (HD) traded up 0.65% on Friday, hitting $154.88. The stock had a trading volume of 3,650,541 shares. The stock has a market capitalization of $185.17 billion, a PE ratio of 23.18 and a beta of 1.08. The firm’s 50 day moving average is $151.33 and its 200-day moving average is $149.61. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.06. The company had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 earnings per share. Equities research analysts expect that Home Depot, Inc. will post $7.25 earnings per share for the current fiscal year.

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Home Depot, Inc. (The) Company Profile

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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