The Home Depot Inc. (HD) EVP Edward P. Decker Sells 20,000 Shares of Stock
The Home Depot Inc. (NYSE:HD) EVP Edward P. Decker sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $130.80, for a total transaction of $2,616,000.00. Following the completion of the transaction, the executive vice president now owns 63,878 shares in the company, valued at approximately $8,355,242.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
The Home Depot Inc. (NYSE:HD) traded up 0.18% during mid-day trading on Thursday, reaching $131.21. 3,610,508 shares of the company’s stock traded hands. The Home Depot Inc. has a 12-month low of $109.62 and a 12-month high of $139.00. The stock has a 50 day moving average of $125.81 and a 200 day moving average of $130.52. The company has a market cap of $160.60 billion, a P/E ratio of 21.30 and a beta of 1.05.
The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.02. The company earned $23.20 billion during the quarter, compared to analyst estimates of $23.05 billion. The Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.36 earnings per share. On average, equities research analysts predict that The Home Depot Inc. will post $6.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 2.10%. The ex-dividend date is Tuesday, November 29th. The Home Depot’s dividend payout ratio is currently 44.66%.
A number of institutional investors have recently modified their holdings of the stock. Wealthsource Partners LLC purchased a new position in shares of The Home Depot during the first quarter valued at $317,000. Clark Capital Management Group Inc. increased its position in shares of The Home Depot by 3.7% in the first quarter. Clark Capital Management Group Inc. now owns 126,259 shares of the home improvement retailer’s stock valued at $16,847,000 after buying an additional 4,467 shares in the last quarter. Zions Bancorporation increased its position in shares of The Home Depot by 13.0% in the first quarter. Zions Bancorporation now owns 4,487 shares of the home improvement retailer’s stock valued at $596,000 after buying an additional 516 shares in the last quarter. Springbok Capital Management LLC increased its position in shares of The Home Depot by 429.8% in the first quarter. Springbok Capital Management LLC now owns 16,901 shares of the home improvement retailer’s stock valued at $2,255,000 after buying an additional 13,711 shares in the last quarter. Finally, A.R.T. Advisors LLC increased its position in shares of The Home Depot by 62.5% in the first quarter. A.R.T. Advisors LLC now owns 35,107 shares of the home improvement retailer’s stock valued at $4,684,000 after buying an additional 13,500 shares in the last quarter. 71.31% of the stock is currently owned by institutional investors and hedge funds.
HD has been the topic of several recent analyst reports. Piper Jaffray Cos. lowered shares of The Home Depot from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $152.00 to $121.00 in a report on Monday, October 31st. Macquarie reiterated a “buy” rating on shares of The Home Depot in a report on Tuesday, November 1st. Vetr lowered shares of The Home Depot from a “buy” rating to a “hold” rating and set a $132.30 price objective on the stock. in a report on Monday, October 3rd. Zacks Investment Research upgraded shares of The Home Depot from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Argus reiterated a “hold” rating and set a $154.00 price objective on shares of The Home Depot in a report on Friday, September 16th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $145.58.
About The Home Depot
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.
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