Home Depot Inc (NYSE:HD) Director Armando M. Codina purchased 6,650 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was acquired at an average cost of $178.66 per share, with a total value of $1,188,089.00. Following the completion of the acquisition, the director now directly owns 42,300 shares in the company, valued at approximately $7,557,318. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Home Depot Inc (NYSE:HD) traded down $3.49 during mid-day trading on Friday, hitting $171.80. 6,015,564 shares of the company’s stock were exchanged, compared to its average volume of 5,396,732. Home Depot Inc has a one year low of $144.25 and a one year high of $207.60. The company has a market cap of $207,882.69, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14. The company has a debt-to-equity ratio of 16.69, a current ratio of 1.17 and a quick ratio of 0.38.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The business had revenue of $23.88 billion for the quarter, compared to the consensus estimate of $23.65 billion. During the same period in the previous year, the firm earned $1.44 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. sell-side analysts anticipate that Home Depot Inc will post 9.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were issued a $1.03 dividend. This is an increase from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Wednesday, March 7th. Home Depot’s payout ratio is presently 56.59%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Home Depot by 0.9% during the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after acquiring an additional 703,292 shares during the period. Capital Research Global Investors raised its holdings in shares of Home Depot by 0.9% during the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock valued at $3,071,943,000 after acquiring an additional 170,139 shares during the period. Northern Trust Corp raised its holdings in shares of Home Depot by 1.3% during the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock valued at $2,659,010,000 after acquiring an additional 222,958 shares during the period. Geode Capital Management LLC raised its holdings in shares of Home Depot by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 11,675,138 shares of the home improvement retailer’s stock valued at $2,207,871,000 after acquiring an additional 259,863 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Home Depot by 65.4% during the fourth quarter. Jennison Associates LLC now owns 8,227,834 shares of the home improvement retailer’s stock valued at $1,559,421,000 after acquiring an additional 3,254,382 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.
Several research analysts have recently commented on HD shares. Atlantic Securities raised shares of Home Depot from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $174.16 to $174.95 in a report on Tuesday, November 28th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $183.00 price target (up from $175.00) on shares of Home Depot in a report on Wednesday, November 29th. Robert W. Baird reissued an “outperform” rating and set a $195.00 target price on shares of Home Depot in a research note on Thursday, November 30th. Telsey Advisory Group boosted their target price on shares of Home Depot from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, December 4th. Finally, Moffett Nathanson initiated coverage on shares of Home Depot in a research note on Monday, December 4th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Home Depot currently has a consensus rating of “Buy” and a consensus price target of $194.04.
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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.
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