Home Depot Inc (NYSE:HD) EVP Matt Carey sold 34,688 shares of Home Depot stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the transaction, the executive vice president now directly owns 81,982 shares of the company’s stock, valued at approximately $16,567,742.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
HD traded up $3.26 during trading hours on Friday, hitting $205.61. The company’s stock had a trading volume of 290,801 shares, compared to its average volume of 4,311,737. Home Depot Inc has a 12 month low of $158.09 and a 12 month high of $215.43. The stock has a market capitalization of $218.89 billion, a PE ratio of 20.75, a P/E/G ratio of 1.83 and a beta of 1.11. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.26 and a current ratio of 1.04.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, topping the consensus estimate of $2.17 by $0.10. The company had revenue of $26.38 billion during the quarter, compared to analyst estimates of $26.34 billion. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. Home Depot’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.08 earnings per share. As a group, research analysts forecast that Home Depot Inc will post 10.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, June 5th. Home Depot’s dividend payout ratio (DPR) is presently 55.01%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Thor Advisors LLC acquired a new position in Home Depot in the 1st quarter worth approximately $32,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in Home Depot by 19.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 102,772 shares of the home improvement retailer’s stock worth $19,721,000 after purchasing an additional 16,794 shares in the last quarter. Belpointe Asset Management LLC boosted its position in Home Depot by 31.8% in the 1st quarter. Belpointe Asset Management LLC now owns 15,482 shares of the home improvement retailer’s stock worth $2,971,000 after purchasing an additional 3,735 shares in the last quarter. Financial Advisors Network Inc. purchased a new position in shares of Home Depot during the 1st quarter valued at approximately $201,000. Finally, Meridian Wealth Management LLC lifted its position in shares of Home Depot by 14.5% during the 1st quarter. Meridian Wealth Management LLC now owns 6,074 shares of the home improvement retailer’s stock valued at $1,165,000 after buying an additional 769 shares in the last quarter. Hedge funds and other institutional investors own 69.43% of the company’s stock.
A number of brokerages have recently issued reports on HD. Credit Suisse Group set a $194.00 price objective on shares of Home Depot and gave the company a “hold” rating in a report on Tuesday, February 26th. Telsey Advisory Group cut shares of Home Depot from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $205.00 to $192.00 in a research note on Wednesday, February 27th. Deutsche Bank boosted their target price on shares of Home Depot from $200.00 to $208.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Wedbush lowered their price target on shares of Home Depot from $190.00 to $190.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 27th. Finally, DZ Bank lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $205.29.
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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