Traders Sell Home Depot (HD) on Strength (HD)

Traders sold shares of Home Depot Inc (NYSE:HD) on strength during trading on Tuesday. $149.65 million flowed into the stock on the tick-up and $237.58 million flowed out of the stock on the tick-down, for a money net flow of $87.93 million out of the stock. Of all companies tracked, Home Depot had the 0th highest net out-flow for the day. Home Depot traded up $2.41 for the day and closed at $193.58

Several equities analysts have recently weighed in on the company. ValuEngine downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group reissued a “neutral” rating and set a $204.00 target price (down previously from $222.00) on shares of Home Depot in a research report on Wednesday. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley boosted their target price on Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, October 11th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $230.00 target price on shares of Home Depot in a research report on Sunday, September 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $206.68.

The stock has a market cap of $237.01 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 1.63 and a beta of 1.11. The company has a quick ratio of 0.37, a current ratio of 1.13 and a debt-to-equity ratio of 11.60.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.21. The company had revenue of $30.46 billion for the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a return on equity of 522.68% and a net margin of 9.45%. Home Depot’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. On average, equities analysts predict that Home Depot Inc will post 9.58 earnings per share for the current year.

In other Home Depot news, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $195.43, for a total value of $806,148.75. Following the completion of the sale, the executive vice president now directly owns 60,179 shares in the company, valued at approximately $11,760,781.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total value of $2,188,600.56. Following the completion of the sale, the executive vice president now owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Several hedge funds have recently modified their holdings of HD. Lucia Wealth Services LLC purchased a new stake in shares of Home Depot during the 1st quarter worth $101,000. Amussen Hunsaker Associates LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth $107,000. Institutional & Family Asset Management LLC purchased a new stake in shares of Home Depot during the 1st quarter worth $108,000. CSat Investment Advisory L.P. purchased a new stake in shares of Home Depot during the 2nd quarter worth $112,000. Finally, Mainstay Capital Management LLC ADV lifted its stake in shares of Home Depot by 203.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 69.01% of the company’s stock.

About Home Depot (NYSE:HD)

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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