Home Depot Inc (HD) EVP Edward P. Decker Sells 17,660 Shares
Home Depot Inc (NYSE:HD) EVP Edward P. Decker sold 17,660 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total transaction of $3,308,071.20. Following the completion of the transaction, the executive vice president now owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Home Depot Inc (NYSE HD) opened at $178.46 on Friday. The stock has a market cap of $208,400.00, a PE ratio of 24.12, a P/E/G ratio of 1.38 and a beta of 1.14. Home Depot Inc has a 1-year low of $144.25 and a 1-year high of $207.60. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 16.69.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.07. The firm had revenue of $23.88 billion during the quarter, compared to analysts’ expectations of $23.65 billion. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. analysts predict that Home Depot Inc will post 9.41 EPS for the current fiscal year.
Home Depot declared that its board has initiated a stock repurchase program on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of HD. Garde Capital Inc. increased its holdings in Home Depot by 23.1% in the fourth quarter. Garde Capital Inc. now owns 1,866 shares of the home improvement retailer’s stock valued at $354,000 after buying an additional 350 shares in the last quarter. Chemical Bank increased its holdings in Home Depot by 4.9% in the fourth quarter. Chemical Bank now owns 33,120 shares of the home improvement retailer’s stock valued at $6,277,000 after buying an additional 1,537 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Home Depot by 15.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 143,311 shares of the home improvement retailer’s stock valued at $27,162,000 after buying an additional 18,968 shares in the last quarter. Certified Advisory Corp purchased a new position in Home Depot in the fourth quarter valued at about $747,000. Finally, Ackerman Capital Advisors LLC purchased a new position in Home Depot in the fourth quarter valued at about $233,000. 70.36% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on the stock. Loop Capital assumed coverage on shares of Home Depot in a research note on Thursday. They issued a “hold” rating and a $187.00 price objective for the company. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. SunTrust Banks upped their price objective on shares of Home Depot to $187.00 and gave the company a “hold” rating in a research note on Thursday, February 22nd. BMO Capital Markets upped their price objective on shares of Home Depot from $191.00 to $213.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, Argus restated a “buy” rating and issued a $215.00 price objective (up previously from $190.00) on shares of Home Depot in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Home Depot presently has a consensus rating of “Buy” and an average target price of $193.15.
COPYRIGHT VIOLATION WARNING: “Home Depot Inc (HD) EVP Edward P. Decker Sells 17,660 Shares” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/home-depot-inc-hd-evp-edward-p-decker-sells-17660-shares/1906279.html.
About Home Depot
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.
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.