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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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