Edward P. Decker Sells 23,744 Shares of Home Depot Inc (HD) Stock
Home Depot Inc (NYSE:HD) EVP Edward P. Decker sold 23,744 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the sale, the executive vice president now directly owns 86,813 shares of the company’s stock, valued at $15,880,702.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Home Depot stock traded up $0.47 on Thursday, reaching $181.61. The stock had a trading volume of 4,390,158 shares, compared to its average volume of 4,649,548. The company has a market cap of $204.02 billion, a P/E ratio of 18.36, a PEG ratio of 1.58 and a beta of 1.09. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 17.68. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $215.43.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 EPS for the quarter, beating the consensus estimate of $2.16 by $0.09. The business had revenue of $26.49 billion during the quarter, compared to analysts’ expectations of $26.57 billion. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.69 EPS. As a group, equities research analysts forecast that Home Depot Inc will post 10.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, March 13th. This is a positive change from Home Depot’s previous quarterly dividend of $1.03. Home Depot’s payout ratio is presently 41.66%.
Institutional investors have recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. increased its stake in shares of Home Depot by 13.5% during the third quarter. Pinnacle Financial Partners Inc. now owns 21,114 shares of the home improvement retailer’s stock worth $4,374,000 after buying an additional 2,504 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Home Depot by 3.5% during the third quarter. Prudential Financial Inc. now owns 1,348,582 shares of the home improvement retailer’s stock worth $279,359,000 after purchasing an additional 45,754 shares during the period. Physicians Financial Services Inc. lifted its holdings in shares of Home Depot by 3.3% during the second quarter. Physicians Financial Services Inc. now owns 8,676 shares of the home improvement retailer’s stock worth $1,693,000 after purchasing an additional 280 shares during the period. Sanders Morris Harris LLC lifted its holdings in Home Depot by 5.6% in the third quarter. Sanders Morris Harris LLC now owns 5,619 shares of the home improvement retailer’s stock valued at $1,164,000 after acquiring an additional 300 shares during the period. Finally, Private Wealth Partners LLC lifted its holdings in Home Depot by 2.1% in the third quarter. Private Wealth Partners LLC now owns 39,983 shares of the home improvement retailer’s stock valued at $8,282,000 after acquiring an additional 838 shares during the period. 68.22% of the stock is owned by institutional investors and hedge funds.
HD has been the subject of a number of research reports. Stifel Nicolaus reduced their target price on shares of Home Depot from $225.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, November 14th. UBS Group reduced their target price on shares of Home Depot from $225.00 to $220.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Citigroup reduced their target price on shares of Home Depot from $227.00 to $226.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Deutsche Bank reduced their target price on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Finally, Credit Suisse Group reduced their target price on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating for the company in a report on Thursday, November 15th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Home Depot currently has an average rating of “Buy” and an average price target of $203.41.
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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