Traders Sell Shares of Home Depot (HD) on Strength (HD)

Traders sold shares of Home Depot, Inc. (The) (NYSE:HD) on strength during trading hours on Monday. $108.96 million flowed into the stock on the tick-up and $182.42 million flowed out of the stock on the tick-down, for a money net flow of $73.46 million out of the stock. Of all companies tracked, Home Depot had the 0th highest net out-flow for the day. Home Depot traded up $0.05 for the day and closed at $188.13

A number of research firms have recently weighed in on HD. BMO Capital Markets set a $191.00 price target on Home Depot and gave the stock a “buy” rating in a report on Friday, December 15th. Guggenheim began coverage on Home Depot in a report on Wednesday, December 13th. They issued a “buy” rating and a $200.00 price target for the company. Credit Suisse Group reissued a “hold” rating on shares of Home Depot in a report on Tuesday, December 12th. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Finally, Zelman & Associates cut Home Depot from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $183.28.

The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. The stock has a market capitalization of $222,290.00, a PE ratio of 26.40, a PEG ratio of 1.92 and a beta of 1.11.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. analysts predict that Home Depot, Inc. will post 7.35 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Wednesday, November 29th. Home Depot’s dividend payout ratio (DPR) is presently 49.38%.

Home Depot announced that its board has initiated a share buyback plan on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

In other Home Depot news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Jacobi Capital Management LLC boosted its position in shares of Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after buying an additional 101 shares during the period. Burt Wealth Advisors boosted its holdings in Home Depot by 83.5% in the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after purchasing an additional 396 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in Home Depot by 63.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after purchasing an additional 340 shares during the last quarter. Empire Life Investments Inc. boosted its holdings in Home Depot by 233.4% in the third quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock valued at $157,000 after purchasing an additional 670 shares during the last quarter. Finally, Glassman Wealth Services boosted its holdings in Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after purchasing an additional 300 shares during the last quarter. 70.13% of the stock is owned by institutional investors.

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Home Depot 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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