Home Depot Inc (NYSE:HD) Director Manuel Kadre bought 2,000 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was bought at an average cost of $177.48 per share, with a total value of $354,960.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $354,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE:HD traded down $0.34 during midday trading on Friday, reaching $177.02. 6,833,886 shares of the company’s stock were exchanged, compared to its average volume of 4,825,941. The company has a current ratio of 1.09, a quick ratio of 0.37 and a debt-to-equity ratio of 17.68. The company has a market capitalization of $204.80 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.39 and a beta of 1.26. Home Depot Inc has a fifty-two week low of $166.06 and a fifty-two week high of $215.43.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.24. The firm had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.84 EPS. As a group, equities research analysts predict that Home Depot Inc will post 9.77 earnings per share for the current fiscal year.
A number of brokerages have issued reports on HD. Robert W. Baird cut their target price on Home Depot from $215.00 to $210.00 and set an “outperform” rating for the company in a research note on Tuesday. Bank of America downgraded Home Depot from a “buy” rating to a “neutral” rating and cut their target price for the stock from $219.00 to $195.00 in a research note on Friday. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $203.00 target price on shares of Home Depot in a research note on Thursday, August 16th. Citigroup reaffirmed a “buy” rating and issued a $227.00 target price on shares of Home Depot in a research note on Wednesday, August 15th. Finally, Jefferies Financial Group began coverage on Home Depot in a research note on Tuesday, August 21st. They issued a “buy” rating and a $228.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $204.16.
Several large investors have recently modified their holdings of the stock. Lucia Wealth Services LLC acquired a new position in Home Depot in the 1st quarter valued at about $101,000. Amussen Hunsaker Associates LLC acquired a new position in Home Depot in the 2nd quarter valued at about $107,000. Institutional & Family Asset Management LLC acquired a new position in Home Depot in the 1st quarter valued at about $108,000. CSat Investment Advisory L.P. acquired a new position in Home Depot in the 2nd quarter valued at about $112,000. Finally, Mainstay Capital Management LLC ADV grew its position in Home Depot by 203.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock valued at $116,000 after acquiring an additional 400 shares in the last quarter. 69.38% of the stock is owned by hedge funds and other institutional investors.
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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