Traders Sell Home Depot (HD) on Strength (HD)
Investors sold shares of Home Depot Inc (NYSE:HD) on strength during trading on Tuesday. $183.27 million flowed into the stock on the tick-up and $258.12 million flowed out of the stock on the tick-down, for a money net flow of $74.85 million out of the stock. Of all stocks tracked, Home Depot had the 13th highest net out-flow for the day. Home Depot traded up $1.67 for the day and closed at $201.31
Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Deutsche Bank set a $210.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research report on Tuesday, May 15th. Loop Capital set a $187.00 target price on shares of Home Depot and gave the stock a “hold” rating in a research report on Tuesday, May 15th. Wells Fargo & Co set a $205.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research report on Tuesday, May 15th. Finally, Bank of America reissued a “buy” rating and set a $215.00 target price on shares of Home Depot in a research report on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $195.95.
The company has a current ratio of 1.17, a quick ratio of 0.37 and a debt-to-equity ratio of 14.37. The company has a market cap of $228.78 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 1.48 and a beta of 1.13.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Wednesday, May 30th. Home Depot’s payout ratio is 55.23%.
In related news, EVP Mark Holifield sold 45,549 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $186.84, for a total transaction of $8,510,375.16. Following the sale, the executive vice president now directly owns 51,879 shares in the company, valued at approximately $9,693,072.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephanie Linnartz purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The shares were acquired at an average price of $187.57 per share, for a total transaction of $187,570.00. The disclosure for this purchase can be found here. 0.25% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in HD. Hugh Johnson Advisors LLC purchased a new stake in shares of Home Depot during the 3rd quarter valued at approximately $486,000. Pegasus Partners Ltd. lifted its stake in shares of Home Depot by 2.8% during the 3rd quarter. Pegasus Partners Ltd. now owns 11,841 shares of the home improvement retailer’s stock valued at $1,937,000 after buying an additional 324 shares in the last quarter. Garrison Bradford & Associates Inc. purchased a new stake in shares of Home Depot during the 3rd quarter valued at approximately $204,000. Achmea Investment Management B.V. lifted its stake in shares of Home Depot by 9.3% during the 3rd quarter. Achmea Investment Management B.V. now owns 130,828 shares of the home improvement retailer’s stock valued at $21,396,000 after buying an additional 11,148 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Home Depot by 7.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 95,984 shares of the home improvement retailer’s stock worth $15,699,000 after acquiring an additional 6,973 shares during the period. Institutional investors own 69.23% of the company’s stock.
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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