Home Depot Inc (NYSE:HD) CEO Craig A. Menear sold 113,687 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total value of $20,894,533.73. Following the transaction, the chief executive officer now directly owns 237,957 shares of the company’s stock, valued at approximately $43,734,117.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Home Depot Inc (HD) opened at $188.35 on Friday. The stock has a market capitalization of $219,950.00, a price-to-earnings ratio of 25.45, a PEG ratio of 1.42 and a beta of 1.08. Home Depot Inc has a 52 week low of $144.25 and a 52 week high of $207.60. The company has a quick ratio of 0.39, a current ratio of 1.17 and a debt-to-equity ratio of 16.69.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.07. The firm had revenue of $23.88 billion for the quarter, compared to the consensus estimate of $23.65 billion. Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business posted $1.44 EPS. research analysts predict that Home Depot Inc will post 9.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be given a dividend of $1.03 per share. The ex-dividend date is Wednesday, March 7th. This is an increase from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a yield of 2.19%. Home Depot’s payout ratio is 48.11%.
Home Depot declared that its board has authorized a stock buyback plan on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in outstanding shares. This buyback authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.
A number of research analysts recently weighed in on the company. Deutsche Bank raised their price objective on Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Argus increased their target price on Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, November 15th. Telsey Advisory Group reiterated an “outperform” rating and set a $220.00 target price (up from $190.00) on shares of Home Depot in a research note on Friday, January 19th. Jefferies Group reiterated a “buy” rating and set a $223.00 target price on shares of Home Depot in a research note on Monday, February 5th. Finally, Wedbush reiterated a “hold” rating and set a $190.00 target price (up from $170.00) on shares of Home Depot in a research note on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $193.38.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Home Depot by 0.9% during the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after purchasing an additional 703,292 shares in the last quarter. Capital Research Global Investors lifted its position in Home Depot by 0.9% during the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock valued at $3,071,943,000 after purchasing an additional 170,139 shares in the last quarter. Northern Trust Corp lifted its position in Home Depot by 1.3% during the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock valued at $2,659,010,000 after purchasing an additional 222,958 shares in the last quarter. Geode Capital Management LLC lifted its position in Home Depot by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 11,675,138 shares of the home improvement retailer’s stock valued at $2,207,871,000 after purchasing an additional 259,863 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in Home Depot by 65.4% during the fourth quarter. Jennison Associates LLC now owns 8,227,834 shares of the home improvement retailer’s stock valued at $1,559,421,000 after purchasing an additional 3,254,382 shares in the last quarter. Institutional investors own 70.36% of the company’s stock.
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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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