Home Depot, Inc. (The) Target of Unusually High Options Trading (NYSE:HD)

Home Depot, Inc. (The) (NYSE:HD) was the target of unusually large options trading activity on Thursday. Investors purchased 41,725 call options on the company. This is an increase of approximately 424% compared to the typical daily volume of 7,956 call options.

A number of equities analysts recently issued reports on HD shares. Vetr lowered shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $153.61 target price on the stock. in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research note on Tuesday, April 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $158.00 price target on shares of Home Depot, Inc. (The) in a research note on Tuesday, May 2nd. Credit Suisse Group set a $163.00 price target on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, May 2nd. Finally, BTIG Research lifted their price target on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Home Depot, Inc. (The) presently has an average rating of “Buy” and an average price target of $169.81.

Shares of Home Depot, Inc. (NYSE:HD) traded down 1.46% during mid-day trading on Friday, reaching $147.49. The company’s stock had a trading volume of 6,989,147 shares. The firm has a market cap of $174.48 billion, a PE ratio of 21.23 and a beta of 1.08. The company has a 50-day moving average of $151.15 and a 200-day moving average of $150.06. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The firm had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. During the same period last year, the firm posted $1.97 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Home Depot, Inc. will post $7.33 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is 51.15%.

In related news, EVP Ann Marie Campbell sold 10,717 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the transaction, the executive vice president now owns 64,810 shares of the company’s stock, valued at $9,877,044. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Rafferty Asset Management LLC increased its position in shares of Home Depot, Inc. (The) by 541.3% in the fourth quarter. Rafferty Asset Management LLC now owns 15,372 shares of the home improvement retailer’s stock worth $2,061,000 after buying an additional 12,975 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of Home Depot, Inc. (The) by 8.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 12,593 shares of the home improvement retailer’s stock worth $1,688,000 after buying an additional 1,005 shares during the period. Iberiabank Corp increased its position in shares of Home Depot, Inc. (The) by 4.7% in the fourth quarter. Iberiabank Corp now owns 5,859 shares of the home improvement retailer’s stock worth $786,000 after buying an additional 264 shares during the period. Massmutual Trust Co. FSB ADV bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth about $6,775,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth about $165,000. Institutional investors own 71.27% of the company’s stock.

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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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