Home Depot, Inc. (The) Target of Unusually Large Options Trading (HD)

Home Depot, Inc. (The) (NYSE:HD) saw some unusual options trading on Wednesday. Investors purchased 23,493 call options on the company. This is an increase of 102% compared to the typical volume of 11,647 call options.

A number of brokerages have issued reports on HD. Oppenheimer Holdings, Inc. set a $178.00 price target on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, May 16th. Citigroup Inc. reissued a “buy” rating and issued a $179.00 price target (up from $168.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Barclays PLC reissued an “overweight” rating and issued a $165.00 price target (up from $150.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. BMO Capital Markets set a $176.00 price target on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $178.00 price target (up from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have issued a buy rating to the stock. Home Depot, Inc. (The) currently has an average rating of “Buy” and a consensus target price of $163.89.

In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the completion of the transaction, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at $7,197,328.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wayne M. Hewett purchased 350 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of $157.11 per share, with a total value of $54,988.50. Following the completion of the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $219,954. The disclosure for this purchase can be found here. Insiders sold 128,900 shares of company stock valued at $20,167,386 over the last three months. 0.26% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in HD. BlackRock Inc. boosted its position in Home Depot, Inc. (The) by 2,323.7% in the first quarter. BlackRock Inc. now owns 76,944,987 shares of the home improvement retailer’s stock worth $11,297,834,000 after buying an additional 73,770,247 shares during the period. Norges Bank bought a new position in Home Depot, Inc. (The) during the fourth quarter worth $1,502,692,000. Vanguard Group Inc. boosted its position in Home Depot, Inc. (The) by 3.3% in the first quarter. Vanguard Group Inc. now owns 79,714,018 shares of the home improvement retailer’s stock worth $11,704,408,000 after buying an additional 2,551,507 shares during the period. Boston Partners bought a new position in Home Depot, Inc. (The) during the first quarter worth $326,895,000. Finally, Asset Management One Co. Ltd. boosted its position in Home Depot, Inc. (The) by 912.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,216,934 shares of the home improvement retailer’s stock worth $297,415,000 after buying an additional 1,997,868 shares during the period. 72.44% of the stock is owned by institutional investors.

Shares of Home Depot, Inc. (NYSE:HD) opened at 156.64 on Friday. The firm has a 50-day moving average price of $155.49 and a 200 day moving average price of $144.83. The stock has a market capitalization of $187.27 billion, a PE ratio of 23.44 and a beta of 1.10. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The company had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts expect that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were issued a $0.89 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.27%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is 53.29%.

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About Home Depot, Inc. (The)

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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