The Home Depot, Inc. (NYSE:HD - Get Free Report) EVP Timothy A. Hourigan sold 16,004 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares of the company's stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Home Depot Stock Down 1.7 %
HD stock opened at $399.98 on Thursday. The firm has a market capitalization of $397.30 billion, a PE ratio of 27.17, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a twelve month low of $302.34 and a twelve month high of $421.56. The stock's 50 day moving average is $401.72 and its 200-day moving average is $368.01.
Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same period in the previous year, the firm earned $3.81 EPS. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.
Home Depot Dividend Announcement
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot's dividend payout ratio is presently 61.14%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on HD shares. Oppenheimer raised their target price on Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a report on Tuesday, September 24th. Royal Bank of Canada increased their price target on Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research note on Monday, November 11th. Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Telsey Advisory Group raised Home Depot from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $360.00 to $455.00 in a research note on Friday, November 8th. Finally, DA Davidson upped their price objective on Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.
Get Our Latest Analysis on HD
Institutional Investors Weigh In On Home Depot
A number of hedge funds have recently made changes to their positions in HD. Abacus Wealth Partners LLC boosted its position in Home Depot by 3.7% during the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer's stock valued at $285,000 after purchasing an additional 25 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of Home Depot by 0.7% during the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer's stock worth $1,469,000 after acquiring an additional 25 shares during the last quarter. Insight Inv LLC raised its position in shares of Home Depot by 2.0% in the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock valued at $505,000 after purchasing an additional 25 shares during the last quarter. Capital City Trust Co. FL increased its stake in Home Depot by 1.1% during the 3rd quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer's stock valued at $1,011,000 after purchasing an additional 26 shares in the last quarter. Finally, Ruedi Wealth Management Inc. raised its holdings in shares of Home Depot by 1.2% in the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer's stock worth $817,000 after buying an additional 27 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.
About Home Depot
(
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The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
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