Home Depot Inc (NYSE:HD) EVP Sells $13,953,633.54 in Stock

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Home Depot Inc (NYSE:HD) EVP Matt Carey sold 50,478 shares of Home Depot stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $276.43, for a total value of $13,953,633.54. Following the completion of the sale, the executive vice president now directly owns 62,735 shares in the company, valued at approximately $17,341,836.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

HD opened at $285.58 on Wednesday. The firm’s fifty day moving average price is $276.70 and its two-hundred day moving average price is $239.20. The company has a market capitalization of $307.41 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 2.09 and a beta of 1.09. Home Depot Inc has a 1 year low of $140.63 and a 1 year high of $292.95.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.82. The company had revenue of $38.05 billion for the quarter, compared to the consensus estimate of $32.13 billion. Home Depot had a net margin of 9.91% and a negative return on equity of 583.91%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.17 EPS. As a group, sell-side analysts forecast that Home Depot Inc will post 11.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, September 2nd. Home Depot’s dividend payout ratio (DPR) is currently 58.54%.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Home Depot by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 91,547,627 shares of the home improvement retailer’s stock valued at $22,933,597,000 after acquiring an additional 5,714,595 shares during the period. Wellington Management Group LLP raised its stake in Home Depot by 18.8% in the 1st quarter. Wellington Management Group LLP now owns 22,254,517 shares of the home improvement retailer’s stock valued at $4,155,141,000 after acquiring an additional 3,515,402 shares during the period. Capital Research Global Investors raised its stake in Home Depot by 28.6% in the 1st quarter. Capital Research Global Investors now owns 21,071,595 shares of the home improvement retailer’s stock valued at $3,934,286,000 after acquiring an additional 4,690,072 shares during the period. FMR LLC raised its stake in Home Depot by 2.4% in the 2nd quarter. FMR LLC now owns 19,084,248 shares of the home improvement retailer’s stock valued at $4,780,796,000 after acquiring an additional 441,321 shares during the period. Finally, Geode Capital Management LLC raised its stake in Home Depot by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 16,956,982 shares of the home improvement retailer’s stock valued at $3,160,862,000 after acquiring an additional 191,403 shares during the period. Institutional investors and hedge funds own 69.00% of the company’s stock.

A number of brokerages have recently commented on HD. Barclays lifted their target price on Home Depot from $260.00 to $315.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Goldman Sachs Group boosted their price target on Home Depot from $265.00 to $301.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. CSFB upped their target price on Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Gordon Haskett upgraded Home Depot from a “hold” rating to an “accumulate” rating and set a $306.00 price target on the stock in a research note on Wednesday, August 12th. Finally, Argus upped their target price on Home Depot from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Home Depot has a consensus rating of “Buy” and a consensus target price of $286.88.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Insider Buying and Selling by Quarter for Home Depot (NYSE:HD)

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