Traders Buy Shares of Home Depot, Inc. (The) (HD) on Weakness

Traders purchased shares of Home Depot, Inc. (The) (NYSE:HD) on weakness during trading hours on Tuesday. $152.77 million flowed into the stock on the tick-up and $102.19 million flowed out of the stock on the tick-down, for a money net flow of $50.58 million into the stock. Of all companies tracked, Home Depot, Inc. (The) had the 12th highest net in-flow for the day. Home Depot, Inc. (The) traded down ($0.15) for the day and closed at $157.66

A number of research analysts have recently commented on the company. Robert W. Baird set a $175.00 price target on Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Sunday, September 10th. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $179.00 price target for the company in a research note on Monday, September 11th. Vetr cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price target for the company. in a research note on Monday, June 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $179.00 price target on shares of Home Depot, Inc. (The) in a research note on Monday. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Home Depot, Inc. (The) currently has an average rating of “Buy” and a consensus price target of $169.98.

The company has a market cap of $187.05 billion, a P/E ratio of 22.84 and a beta of 1.07. The stock has a 50-day moving average price of $153.29 and a 200-day moving average price of $152.05.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. During the same quarter in the previous year, the company earned $1.97 earnings per share. Home Depot, Inc. (The)’s quarterly revenue was up 6.2% on a year-over-year basis. Equities analysts forecast that Home Depot, Inc. will post $7.33 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio is currently 51.15%.

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total value of $1,633,270.80. Following the sale, the executive vice president now owns 64,810 shares in the company, valued at $9,877,044. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the sale, the executive vice president now owns 62,483 shares in the company, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Insiders have sold 57,717 shares of company stock worth $8,916,321 in the last quarter. 0.26% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. American Beacon Advisors Inc. purchased a new stake in Home Depot, Inc. (The) in the first quarter worth about $100,000. Jacobi Capital Management LLC grew its holdings in Home Depot, Inc. (The) by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares during the period. Riggs Asset Managment Co. Inc. grew its holdings in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after purchasing an additional 397 shares during the period. University of Texas Investment Managment Co. purchased a new stake in Home Depot, Inc. (The) in the first quarter worth about $132,000. Finally, Peoples Financial Services CORP. grew its holdings in Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock worth $151,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 71.39% of the company’s stock.

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About Home Depot, Inc. (The)

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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