Traders Buy Shares of Home Depot, Inc. (The) (HD) on Weakness

Investors bought shares of Home Depot, Inc. (The) (NYSE:HD) on weakness during trading on Monday. $104.43 million flowed into the stock on the tick-up and $73.78 million flowed out of the stock on the tick-down, for a money net flow of $30.65 million into the stock. Of all stocks tracked, Home Depot, Inc. (The) had the 22nd highest net in-flow for the day. Home Depot, Inc. (The) traded down ($0.14) for the day and closed at $165.71

HD has been the subject of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $182.00 target price on shares of Home Depot, Inc. (The) in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and set a $178.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Telsey Advisory Group reiterated an “outperform” rating on shares of Home Depot, Inc. (The) in a research note on Friday, August 11th. Wedbush reiterated a “market perform” rating on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $164.00 target price on shares of Home Depot, Inc. (The) in a research note on Sunday, October 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $172.38.

The stock has a market cap of $195.34 billion, a price-to-earnings ratio of 23.85 and a beta of 1.07. The stock has a 50-day moving average price of $157.07 and a 200 day moving average price of $153.39.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. During the same period in the previous year, the firm earned $1.97 EPS. Home Depot, Inc. (The)’s revenue was up 6.2% on a year-over-year basis. Equities research analysts predict that Home Depot, Inc. will post $7.33 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.15%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is 51.15%.

In other news, EVP Matt Carey sold 32,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the completion of the transaction, the executive vice president now directly owns 33,147 shares in the company, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. Insiders have sold a total of 57,717 shares of company stock worth $8,916,321 over the last 90 days. 0.26% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. American Beacon Advisors Inc. acquired a new position in shares of Home Depot, Inc. (The) in the 1st quarter worth approximately $100,000. Jacobi Capital Management LLC grew its stake in shares of Home Depot, Inc. (The) by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its stake in shares of Home Depot, Inc. (The) by 114.1% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after purchasing an additional 397 shares during the last quarter. Glassman Wealth Services grew its stake in shares of Home Depot, Inc. (The) by 38.3% in the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after purchasing an additional 300 shares during the last quarter. Finally, St. Johns Investment Management Company LLC grew its stake in shares of Home Depot, Inc. (The) by 81.8% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after purchasing an additional 495 shares during the last quarter. 71.38% of the stock is currently owned by institutional investors.

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Home Depot, Inc. (The) Company Profile

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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