Home Depot, Inc. (The) Target of Unusually High Options Trading (HD)

Home Depot, Inc. (The) (NYSE:HD) was the recipient of unusually large options trading activity on Thursday. Traders acquired 41,725 call options on the company. This represents an increase of approximately 424% compared to the typical daily volume of 7,956 call options.

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of Home Depot, Inc. (The) stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the sale, the executive vice president now owns 64,810 shares in the company, valued at $9,877,044. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the company. Rafferty Asset Management LLC increased its position in shares of Home Depot, Inc. (The) by 541.3% in the fourth quarter. Rafferty Asset Management LLC now owns 15,372 shares of the home improvement retailer’s stock worth $2,061,000 after buying an additional 12,975 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of Home Depot, Inc. (The) by 8.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 12,593 shares of the home improvement retailer’s stock worth $1,688,000 after buying an additional 1,005 shares during the last quarter. Iberiabank Corp increased its stake in shares of Home Depot, Inc. (The) by 4.7% in the fourth quarter. Iberiabank Corp now owns 5,859 shares of the home improvement retailer’s stock worth $786,000 after buying an additional 264 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth $6,775,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth $165,000. Institutional investors own 71.27% of the company’s stock.

Shares of Home Depot, Inc. (NYSE HD) traded down 1.46% during mid-day trading on Friday, hitting $147.49. The stock had a trading volume of 6,989,147 shares. The stock’s 50-day moving average is $151.15 and its 200-day moving average is $150.06. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The firm has a market capitalization of $174.48 billion, a PE ratio of 21.23 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. During the same period last year, the company earned $1.97 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. Equities analysts expect that Home Depot, Inc. will post $7.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.89 per share. The ex-dividend date is Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.41%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is 51.15%.

Several equities research analysts have recently commented on HD shares. Vetr downgraded shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 target price on the stock. in a research note on Monday, June 19th. Barclays PLC restated an “overweight” rating and issued a $165.00 target price (up previously from $150.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. UBS AG restated a “buy” rating and issued 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. Citigroup Inc. restated a “buy” rating and issued a $179.00 target price (up previously from $168.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Finally, Oppenheimer Holdings, Inc. set a $178.00 target price on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. Home Depot, Inc. (The) presently has an average rating of “Buy” and an average target price of $169.81.

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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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