Traders Buy Shares of Home Depot, Inc. (The) (HD) on Weakness

Investors purchased shares of Home Depot, Inc. (The) (NYSE:HD) on weakness during trading on Monday. $104.43 million flowed into the stock on the tick-up and $73.78 million flowed out of the stock on the tick-down, for a money net flow of $30.65 million into the stock. Of all stocks tracked, Home Depot, Inc. (The) had the 22nd highest net in-flow for the day. Home Depot, Inc. (The) traded down ($0.14) for the day and closed at $165.71

A number of research firms have recently weighed in on HD. Gordon Haskett began coverage on shares of Home Depot, Inc. (The) in a research report on Tuesday, October 3rd. They set a “buy” rating and a $189.00 target price for the company. Piper Jaffray Companies reissued a “hold” rating and set a $164.00 target price on shares of Home Depot, Inc. (The) in a research report on Sunday, October 1st. Zacks Investment Research cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Robert W. Baird set a $175.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Sunday, September 10th. Finally, Vetr cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price target on the stock. in a research note on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $172.38.

The stock has a 50 day moving average price of $158.05 and a 200 day moving average price of $153.74. The stock has a market cap of $194.69 billion, a price-to-earnings ratio of 23.77 and a beta of 1.07.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The business had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. During the same quarter in the previous year, the business posted $1.97 earnings per share. The business’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts expect that Home Depot, Inc. will post $7.33 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is 51.15%.

In other Home Depot, Inc. (The) news, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares in the company, valued at $9,816,079.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the transaction, the executive vice president now owns 33,147 shares in the company, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. Insiders have sold 57,717 shares of company stock worth $8,916,321 in the last quarter. Company insiders own 0.26% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HD. American Beacon Advisors Inc. bought a new position in shares of Home Depot, Inc. (The) in the first quarter worth about $100,000. Jacobi Capital Management LLC grew its holdings in shares of 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 worth $108,000 after purchasing an additional 101 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of 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 worth $109,000 after purchasing an additional 397 shares during the last quarter. Glassman Wealth Services grew its holdings in shares of Home Depot, Inc. (The) by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after purchasing an additional 300 shares during the last quarter. Finally, St. Johns Investment Management Company LLC grew its holdings in shares of Home Depot, Inc. (The) by 81.8% in the second quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after purchasing an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 71.38% of the company’s stock.

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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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