Traders Sell Shares of Home Depot (HD) on Strength (HD)

Traders sold shares of Home Depot Inc (NYSE:HD) on strength during trading on Tuesday. $151.68 million flowed into the stock on the tick-up and $232.41 million flowed out of the stock on the tick-down, for a money net flow of $80.73 million out of the stock. Of all companies tracked, Home Depot had the 33rd highest net out-flow for the day. Home Depot traded up $0.71 for the day and closed at $184.13

A number of equities research analysts recently issued reports on the company. Evercore ISI assumed coverage on Home Depot in a research note on Wednesday. They set an “outperform” rating and a $215.00 price target for the company. Wedbush decreased their price target on Home Depot from $190.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday, February 27th. Deutsche Bank raised their price target on Home Depot from $200.00 to $208.00 and gave the stock a “buy” rating in a research note on Wednesday, February 27th. Bank of America set a $195.00 price target on Home Depot and gave the stock a “hold” rating in a research note on Monday, December 10th. Finally, Credit Suisse Group decreased their price target on Home Depot from $194.00 to $192.00 and set a “neutral” rating for the company in a research note on Wednesday, February 27th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $204.06.

The firm has a market capitalization of $207.98 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 17.68.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 EPS for the quarter, topping the consensus estimate of $2.16 by $0.09. The company had revenue of $26.49 billion for the quarter, compared to the consensus estimate of $26.57 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.28%. Home Depot’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $1.69 EPS. On average, analysts forecast that Home Depot Inc will post 10.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be issued a dividend of $1.36 per share. This is an increase from Home Depot’s previous quarterly dividend of $1.03. This represents a $5.44 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, March 13th. Home Depot’s dividend payout ratio (DPR) is presently 55.01%.

Home Depot declared that its board has approved a stock repurchase program on Tuesday, February 26th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to purchase up to 6.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

In other news, EVP Edward P. Decker sold 23,744 shares of Home Depot stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total value of $4,343,489.92. Following the transaction, the executive vice president now directly owns 86,813 shares in the company, valued at approximately $15,880,702.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 5,450 shares of Home Depot stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total value of $1,006,451.50. Following the completion of the transaction, the executive vice president now owns 51,030 shares in the company, valued at $9,423,710.10. The disclosure for this sale can be found here. Insiders have sold a total of 41,194 shares of company stock worth $7,553,141 over the last 90 days. 0.25% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. Portfolio Solutions LLC purchased a new position in Home Depot during the 4th quarter worth $26,000. Nalls Sherbakoff Group LLC purchased a new position in Home Depot during the 4th quarter worth $30,000. Virtus ETF Advisers LLC purchased a new position in Home Depot during the 4th quarter worth $32,000. Enlightenment Research LLC purchased 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 68.07% of the company’s stock.

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About Home Depot (NYSE:HD)

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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