Matt Carey of Home Depot Inc. (NYSE:HD) sells 12,650 shares

The Home Depot, Inc. (NYSE:HD – Get Rating) EVP Matt Carey sold 12,650 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock traded at an average price of $316.26, for a total value of $4,000,689.00. Following the sale, the executive vice president now directly owns 34,522 shares of the company’s stock, valued at $10,917,927.72. The sale was disclosed in a Securities and Exchange Commission filing that can be accessed through the SEC website.

Home Depot inventory performance

Home Depot stock traded up $1.21 during midday trading on Wednesday, reaching $308.11. The stock had a trading volume of 2,494,616 shares, compared to its average volume of 4,454,507. The Home Depot, Inc. It has a 12 month low of $264.51 and a 12 month high of $420.61. The company’s 50-day moving average is $295.19 and its 200-day moving average is $306.55. The company has a market capitalization of $316.66 billion, a PE ratio of 18.86, a P/E/G ratio of 1.72 and a beta of 0.99. The company has a quick ratio of 0.25, a current ratio of 1.18 and a debt-equity ratio of 165.70.

Home Depot (NYSE:HD – Get Rating ) last announced its quarterly earnings data on Tuesday, August 16th. The home improvement retailer reported $5.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.95 by $0.10. Home Depot had a negative return on equity of 3,166.43% and a net margin of 10.88%. The business had revenue of $43.79 billion for the quarter, compared to analysts’ expectations of $43.33 billion. During the same period last year, the business posted $4.53 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts at The Home Depot, Inc. They forecast that it will post 16.53 earnings per share for the current fiscal year.

Home Depot DVD ad

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a $1.90 dividend. This represents an annual dividend of $7.60 and a dividend yield of 2.47%. The previous split date is Wednesday 31st August. Home Depot’s dividend payout ratio (DPR) is 46.71%.

Home Depot announced that its Board of Directors has initiated a stock buyback on Thursday, August 18th that permits the company to buyback $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to buy up to 4.5% of the stock through open market purchases. Stock repurchase programs are usually an indication that a company’s board of directors believes its shares are undervalued.

Hedge funds weigh in on Home Depot.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rinky Investments bought a new stake in shares of Home Depot during the 4th quarter worth $25,000. GW&K Investment Management LLC acquired a new position in shares of Home Depot during the first quarter worth about $25,000. Shore Point Advisors LLC acquired a new position in shares of Home Depot during the fourth quarter worth about $26,000. Tobham bought a new stake in Home Depot stock worth about $27,000. Finally, Fairfield Bush & Company purchased a new position in Home Depot during the first quarter valued at approximately $27,000. Institutional investors own 70.61 percent of the company.

Analysts set a new price target.

HD has been the subject of several analyst reports. Guggenheim upped their price target on Home Depot from $350.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Jefferies Financial Group decreased their price target on Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 18th. JPMorgan Chase & Co. They cut their target price on Home Depot from $335.00 to $311.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 9th. Citigroup boosted their price target on Home Depot from $327.00 to $348.00 in a research report on Friday, May 20th. Finally, OTR Global downgraded Home Depot to a “positive” rating in a research report on Tuesday, May 10th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $365.95.

About Home Depot

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Home Depot, Inc. operates as a home improvement retailer. It operates Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products and decorative products, as well as utility maintenance, repair and operation products. Tables, furnaces and central air systems, and windows.

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