Trading Report: Today, The Home Depot Inc. (HD) Director Buys $1,282,700.00 in Stock

Today, The Home Depot Inc. (HD) Director Buys $1,282,700.00 in Stock

The Home Depot Inc. (NYSE:HD) Director Jeffery H. Boyd acquired 10,000 shares of The Home Depot stock in a transaction that occurred on Friday, November 18th. The stock was purchased at an average price of $128.27 per share, with a total value of $1,282,700.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $1,282,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

The Home Depot Inc. (NYSE:HD) opened at 131.21 on Friday. The firm has a market cap of $160.60 billion, a price-to-earnings ratio of 21.30 and a beta of 1.05. The Home Depot Inc. has a one year low of $109.62 and a one year high of $139.00. The firm has a 50-day moving average of $125.81 and a 200-day moving average of $130.52.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a $0.69 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $2.76 dividend on an annualized basis and a yield of 2.10%. The Home Depot’s payout ratio is 44.66%.

Large investors have recently added to or reduced their stakes in the company. Brookfield Asset Management Inc. increased its stake in The Home Depot by 16.1% in the second quarter. Brookfield Asset Management Inc. now owns 813 shares of the home improvement retailer’s stock worth $104,000 after buying an additional 113 shares during the last quarter. Valley National Advisers Inc. increased its stake in The Home Depot by 17.6% in the second quarter. Valley National Advisers Inc. now owns 855 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 128 shares during the last quarter. First PREMIER Bank increased its stake in The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock worth $113,000 after buying an additional 200 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in The Home Depot by 35.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 917 shares of the home improvement retailer’s stock worth $117,000 after buying an additional 239 shares during the last quarter. Finally, Invictus RG increased its stake in The Home Depot by 215.7% in the second quarter. Invictus RG now owns 944 shares of the home improvement retailer’s stock worth $121,000 after buying an additional 645 shares during the last quarter. Institutional investors own 71.31% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Argus reiterated a “buy” rating and set a $154.00 price target on shares of The Home Depot in a research report on Saturday, November 19th. Zacks Investment Research upgraded shares of The Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, November 17th. RBC Capital Markets lifted their price target on shares of The Home Depot from $145.00 to $146.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Royal Bank Of Canada lifted their price target on shares of The Home Depot from $145.00 to $146.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Finally, Jefferies Group reiterated a “buy” rating and set a $149.00 price target on shares of The Home Depot in a research report on Wednesday, November 16th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $145.24.

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