Home Depot Inc (NYSE:HD) EVP Edward P. Decker sold 23,744 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total value of $4,343,489.92. Following the completion of the transaction, the executive vice president now directly owns 86,813 shares in the company, valued at $15,880,702.09. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NYSE HD traded up $0.47 during trading on Thursday, reaching $181.61. The stock had a trading volume of 4,390,158 shares, compared to its average volume of 4,649,548. Home Depot Inc has a one year low of $158.09 and a one year high of $215.43. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68. The company has a market capitalization of $204.02 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09.
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Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.09. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. The business had revenue of $26.49 billion during the quarter, compared to the consensus estimate of $26.57 billion. During the same period in the previous year, the business earned $1.69 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities analysts predict that Home Depot Inc will post 10.08 earnings per share for the current year.
Home Depot announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 26th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.00%. This is an increase from Home Depot’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Wednesday, March 13th. Home Depot’s payout ratio is 41.66%.
A number of equities analysts have issued reports on the company. Deutsche Bank cut their target price on Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. DZ Bank lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Citigroup cut their target price on Home Depot from $227.00 to $226.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Credit Suisse Group cut their target price on Home Depot from $204.00 to $194.00 and set a “neutral” rating on the stock in a research report on Thursday, November 15th. Finally, UBS Group cut their target price on Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Home Depot presently has an average rating of “Buy” and a consensus price target of $203.41.
Hedge funds and other institutional investors have recently modified their holdings of the company. Portfolio Solutions LLC bought a new position in Home Depot during the 4th quarter worth $26,000. Nalls Sherbakoff Group LLC bought a new position in Home Depot during the 4th quarter worth $30,000. Virtus ETF Advisers LLC bought a new position in Home Depot during the 4th quarter worth $32,000. Enlightenment Research LLC bought a new position in Home Depot during the 4th quarter worth $34,000. Finally, Private Ocean LLC grew its stake in Home Depot by 53.3% during the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 68.22% of the company’s stock.
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About Home Depot
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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