Traders sold shares of Home Depot Inc (NYSE:HD) on strength during trading on Thursday. $136.99 million flowed into the stock on the tick-up and $192.81 million flowed out of the stock on the tick-down, for a money net flow of $55.82 million out of the stock. Of all stocks tracked, Home Depot had the 0th highest net out-flow for the day. Home Depot traded up $0.66 for the day and closed at $178.07
Several brokerages have recently commented on HD. Loop Capital began coverage on Home Depot in a research note on Thursday, March 1st. They set a “hold” rating and a $187.00 price target on the stock. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $195.00 target price on shares of Home Depot in a research note on Thursday, November 30th. BMO Capital Markets upped their target price on Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, Telsey Advisory Group upped their target price on Home Depot from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $193.15.
The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 16.69. The stock has a market cap of $207,941.08, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 306.73% and a net margin of 8.55%. Home Depot’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. equities research analysts anticipate that Home Depot Inc will post 9.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be issued a $1.03 dividend. 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 2.30%. Home Depot’s payout ratio is 56.59%.
Home Depot announced that its board has approved a share repurchase program on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication 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 completion of the sale, the chief executive officer now directly owns 237,957 shares in the company, valued at approximately $43,734,117.03. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Armando M. Codina acquired 6,650 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were purchased at an average price of $178.66 per share, with a total value of $1,188,089.00. Following the completion of the acquisition, the director now owns 42,300 shares in the company, valued at $7,557,318. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 169,027 shares of company stock valued at $31,220,882. Insiders own 0.26% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Garde Capital Inc. boosted its position in Home Depot by 23.1% during the 4th quarter. Garde Capital Inc. now owns 1,866 shares of the home improvement retailer’s stock worth $354,000 after purchasing an additional 350 shares during the period. Chemical Bank boosted its position in Home Depot by 4.9% during the 4th quarter. Chemical Bank now owns 33,120 shares of the home improvement retailer’s stock worth $6,277,000 after purchasing an additional 1,537 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Home Depot by 15.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 143,311 shares of the home improvement retailer’s stock worth $27,162,000 after purchasing an additional 18,968 shares during the period. Certified Advisory Corp purchased a new stake in Home Depot during the 4th quarter worth $747,000. Finally, Ackerman Capital Advisors LLC purchased a new stake in Home Depot during the 4th quarter worth $233,000. Institutional investors and hedge funds own 70.63% of the company’s stock.
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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