Home Depot Inc (NYSE:HD) CFO Sells $31,848,416.00 in Stock

Home Depot Inc (NYSE:HD) CFO Carol B. Tome sold 145,400 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the transaction, the chief financial officer now owns 496,374 shares of the company’s stock, valued at $108,725,760.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of HD stock traded down $3.55 during trading hours on Friday, reaching $217.47. 4,714,590 shares of the company’s stock were exchanged, compared to its average volume of 4,201,116. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $222.65. The stock has a market cap of $238.86 billion, a PE ratio of 21.99, a PEG ratio of 2.01 and a beta of 1.12. The stock’s fifty day moving average price is $212.40 and its two-hundred day moving average price is $199.39.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The business had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same quarter in the previous year, the firm earned $3.05 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that Home Depot Inc will post 10.11 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot’s payout ratio is 55.01%.

Several hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its holdings in Home Depot by 8,331.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock valued at $125,000 after acquiring an additional 21,212,570 shares during the period. Nuveen Asset Management LLC lifted its holdings in Home Depot by 3,457.2% in the second quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock valued at $2,005,132,000 after acquiring an additional 9,370,409 shares during the period. Morgan Stanley lifted its holdings in Home Depot by 0.5% in the second quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock valued at $1,731,916,000 after acquiring an additional 44,258 shares during the period. Clearbridge Investments LLC lifted its holdings in Home Depot by 2.2% in the first quarter. Clearbridge Investments LLC now owns 7,199,871 shares of the home improvement retailer’s stock valued at $1,381,583,000 after acquiring an additional 158,174 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Home Depot by 0.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock valued at $1,488,431,000 after acquiring an additional 25,410 shares during the period. Institutional investors and hedge funds own 69.35% of the company’s stock.

HD has been the subject of a number of analyst reports. Morgan Stanley raised their price target on Home Depot from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday. SunTrust Banks reiterated a “hold” rating and set a $208.00 target price on shares of Home Depot in a research report on Wednesday. Wedbush reiterated a “neutral” rating and set a $230.00 target price (up from $190.00) on shares of Home Depot in a research report on Wednesday. Wells Fargo & Co reiterated an “outperform” rating and set a $235.00 target price (up from $230.00) on shares of Home Depot in a research report on Wednesday. Finally, Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $220.11.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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