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.

Home Depot announced that its board has initiated a share buyback program on Tuesday, February 26th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the home improvement retailer to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.

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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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Insider Buying and Selling by Quarter for Home Depot (NYSE:HD)

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