Traders sold shares of Home Depot Inc (NYSE:HD) on strength during trading on Friday. $144.12 million flowed into the stock on the tick-up and $768.91 million flowed out of the stock on the tick-down, for a money net flow of $624.79 million out of the stock. Of all equities tracked, Home Depot had the 0th highest net out-flow for the day. Home Depot traded up $0.89 for the day and closed at $178.96
Several brokerages have issued reports on HD. Deutsche Bank boosted their target price on Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Telsey Advisory Group restated an “outperform” rating and set a $220.00 target price (up previously from $190.00) on shares of Home Depot in a research report on Friday, January 19th. Argus restated a “buy” rating and set a $215.00 target price (up previously from $190.00) on shares of Home Depot in a research report on Wednesday, February 21st. Wedbush restated a “hold” rating and set a $190.00 target price (up previously from $170.00) on shares of Home Depot in a research report on Wednesday, February 21st. Finally, Atlantic Securities upgraded Home Depot from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $174.16 to $174.95 in a research report on Tuesday, November 28th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $193.15.
The firm has a market capitalization of $208,980.38, a P/E ratio of 24.02, a P/E/G ratio of 1.43 and a beta of 1.14. The company has a debt-to-equity ratio of 16.69, a current ratio of 1.17 and a quick ratio of 0.38.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. The company had revenue of $23.88 billion during the quarter, compared to the consensus estimate of $23.65 billion. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. Home Depot’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.44 earnings per share. equities analysts predict that Home Depot Inc will post 9.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be paid a $1.03 dividend. This is an increase from Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date is Wednesday, March 7th. This represents a $4.12 dividend on an annualized basis and a yield of 2.30%. Home Depot’s payout ratio is 56.59%.
Home Depot declared that its Board of Directors has approved a share repurchase program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
In other news, CEO Craig A. Menear sold 113,687 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $183.79, for a total transaction 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 $43,734,117.03. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Edward P. Decker sold 17,660 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total value of $3,308,071.20. Following the transaction, the executive vice president now directly owns 73,815 shares in the company, valued at $13,827,025.80. The disclosure for this sale can be found here. Insiders sold 169,027 shares of company stock valued at $31,220,882 in the last three months. 0.26% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of HD. Ford Financial Group Inc. acquired a new position in shares of Home Depot during the fourth quarter worth $108,000. Jacobi Capital Management LLC grew its holdings in shares of Home Depot by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares during the last quarter. Earnest Partners LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at $108,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Home Depot during the fourth quarter valued at $112,000. Finally, Denali Advisors LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at $133,000. 70.63% of the stock is currently owned by institutional investors and hedge funds.
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About Home Depot
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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