Investors Sell Home Depot (HD) on Strength (HD)
Traders sold shares of Home Depot Inc (NYSE:HD) on strength during trading hours on Friday. $139.05 million flowed into the stock on the tick-up and $233.40 million flowed out of the stock on the tick-down, for a money net flow of $94.35 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 $0.17 for the day and closed at $195.56
A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. UBS Group upped their target price on Home Depot from $212.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, June 20th. Citigroup upped their target price on Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, August 10th. Loop Capital set a $200.00 target price on Home Depot and gave the company a “hold” rating in a research report on Wednesday, July 11th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $203.00 price target on shares of Home Depot in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $203.35.
The company has a quick ratio of 0.37, a current ratio of 1.17 and a debt-to-equity ratio of 14.37. The stock has a market cap of $226.44 billion, a PE ratio of 26.21, a P/E/G ratio of 1.50 and a beta of 1.14.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 30th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.11%. Home Depot’s payout ratio is currently 55.23%.
In related news, Director Stephanie Linnartz acquired 1,000 shares of the stock in a transaction that occurred on Friday, June 1st. The stock was purchased at an average cost of $187.57 per share, for a total transaction of $187,570.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.25% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Andra AP fonden grew its stake in shares of Home Depot by 191.6% in the second quarter. Andra AP fonden now owns 27,700 shares of the home improvement retailer’s stock worth $5,404,000 after purchasing an additional 18,200 shares in the last quarter. M Holdings Securities Inc. grew its stake in shares of Home Depot by 8.9% in the second quarter. M Holdings Securities Inc. now owns 5,944 shares of the home improvement retailer’s stock worth $1,160,000 after purchasing an additional 484 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Home Depot by 6.6% in the second quarter. Schroder Investment Management Group now owns 1,763,271 shares of the home improvement retailer’s stock worth $344,207,000 after purchasing an additional 108,630 shares in the last quarter. Global X Management Co LLC grew its stake in shares of Home Depot by 19.2% in the second quarter. Global X Management Co LLC now owns 15,947 shares of the home improvement retailer’s stock worth $3,111,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Titus Wealth Management bought a new position in shares of Home Depot in the second quarter worth $293,000. Hedge funds and other institutional investors own 68.94% 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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