The Home Depot Inc. (NYSE:HD) Director Jeffery H. Boyd bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were purchased at an average cost of $128.27 per share, for a total transaction of $1,282,700.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $1,282,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Home Depot Inc. (NYSE:HD) traded up 2.15% during mid-day trading on Tuesday, hitting $130.98. The stock had a trading volume of 5,533,817 shares. The stock has a market cap of $160.32 billion, a price-to-earnings ratio of 21.26 and a beta of 1.05. The Home Depot Inc. has a 12-month low of $109.62 and a 12-month high of $139.00. The company has a 50-day moving average of $125.66 and a 200-day moving average of $130.55.

The Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.02. The Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The business had revenue of $23.20 billion for the quarter, compared to analysts’ expectations of $23.05 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. On average, analysts anticipate that The Home Depot Inc. will post $6.34 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for The Home Depot (NYSE:HD)

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, November 29th. The Home Depot’s dividend payout ratio (DPR) is 44.66%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in shares of The Home Depot by 0.4% in the second quarter. Capital World Investors now owns 86,279,401 shares of the home improvement retailer’s stock valued at $11,017,017,000 after buying an additional 332,206 shares during the last quarter. FMR LLC boosted its stake in shares of The Home Depot by 2.3% in the second quarter. FMR LLC now owns 41,090,288 shares of the home improvement retailer’s stock valued at $5,246,819,000 after buying an additional 931,070 shares during the last quarter. Cohen & Steers Inc. boosted its stake in shares of The Home Depot by 37,680.1% in the second quarter. Cohen & Steers Inc. now owns 35,400,000 shares of the home improvement retailer’s stock valued at $32,480,000 after buying an additional 35,306,300 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of The Home Depot by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 33,849,590 shares of the home improvement retailer’s stock valued at $4,355,765,000 after buying an additional 338,536 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of The Home Depot by 2.7% in the third quarter. BlackRock Fund Advisors now owns 17,214,514 shares of the home improvement retailer’s stock valued at $2,215,164,000 after buying an additional 453,490 shares during the last quarter. Institutional investors and hedge funds own 71.31% of the company’s stock.

Several equities analysts recently issued reports on HD shares. Piper Jaffray Cos. lowered The Home Depot from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $152.00 to $121.00 in a research note on Monday, October 31st. Zacks Investment Research raised The Home Depot from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research note on Tuesday, October 4th. Macquarie reissued a “buy” rating on shares of The Home Depot in a research note on Tuesday, November 1st. Argus reissued a “hold” rating and set a $154.00 target price on shares of The Home Depot in a research note on Friday, September 16th. Finally, Morgan Stanley set a $145.00 target price on The Home Depot and gave the stock a “hold” rating in a research note on Wednesday, September 28th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $145.58.

TRADEMARK VIOLATION NOTICE: This news story was first reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this news story on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2016/11/22/insider-buying-the-home-depot-inc-hd-director-buys-10000-shares-of-stock.html.

The Home Depot Company Profile

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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

Receive News & Stock Ratings for The Home Depot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot Inc. and related stocks with our FREE daily email newsletter.