Traders Sell Shares of Home Depot, Inc. (The) (HD) on Strength (HD)

Traders sold shares of Home Depot, Inc. (The) (NYSE:HD) on strength during trading on Monday. $231.35 million flowed into the stock on the tick-up and $325.99 million flowed out of the stock on the tick-down, for a money net flow of $94.64 million out of the stock. Of all companies tracked, Home Depot, Inc. (The) had the 4th highest net out-flow for the day. Home Depot, Inc. (The) traded up $1.24 for the day and closed at $165.35

Several brokerages have recently commented on HD. Jefferies Group LLC reiterated a “buy” rating on shares of Home Depot, Inc. (The) in a research report on Monday, July 24th. Oppenheimer Holdings, Inc. set a $178.00 target price on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research lowered Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Wedbush reiterated a “market perform” rating on shares of Home Depot, Inc. (The) in a research report on Wednesday, August 16th. Finally, Credit Suisse Group set a $171.00 target price on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $173.18.

The company has a quick ratio of 0.48, a current ratio of 1.30 and a debt-to-equity ratio of 6.87. The firm has a market capitalization of $193,455.83, a P/E ratio of 23.58, a P/E/G ratio of 1.65 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. During the same quarter in the previous year, the business earned $1.97 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. analysts forecast that Home Depot, Inc. will post 7.32 EPS for the current year.

In other news, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the sale, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the sale, the executive vice president now directly owns 62,483 shares in the company, valued at $9,816,079.30. The disclosure for this sale can be found here. Insiders sold a total of 57,717 shares of company stock worth $8,916,321 in the last three months. Company insiders own 0.26% of the company’s stock.

Several institutional investors have recently made changes to their positions in HD. Capital Insight Partners LLC raised its position in shares of Home Depot, Inc. (The) by 0.9% during the first quarter. Capital Insight Partners LLC now owns 8,903 shares of the home improvement retailer’s stock worth $1,307,000 after purchasing an additional 80 shares during the period. Beaumont Financial Partners LLC grew its holdings in shares of Home Depot, Inc. (The) by 2.8% during the first quarter. Beaumont Financial Partners LLC now owns 1,689 shares of the home improvement retailer’s stock valued at $248,000 after buying an additional 46 shares in the last quarter. Exane Derivatives purchased a new position in shares of Home Depot, Inc. (The) during the first quarter valued at $2,240,000. Central Bank & Trust Co. grew its holdings in shares of Home Depot, Inc. (The) by 25.5% during the first quarter. Central Bank & Trust Co. now owns 9,506 shares of the home improvement retailer’s stock valued at $1,396,000 after buying an additional 1,929 shares in the last quarter. Finally, Barrett Asset Management LLC grew its holdings in shares of Home Depot, Inc. (The) by 4.5% during the first quarter. Barrett Asset Management LLC now owns 64,891 shares of the home improvement retailer’s stock valued at $9,528,000 after buying an additional 2,824 shares in the last quarter. 71.36% of the stock is currently owned by institutional investors.

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Home Depot, Inc. (The) 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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