Home Depot Inc (HD) Director Manuel Kadre Purchases 2,000 Shares

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Home Depot Inc (NYSE:HD) Director Manuel Kadre acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The stock was acquired at an average cost of $177.48 per share, with a total value of $354,960.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $354,960. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE:HD traded down $0.34 during trading hours on Friday, hitting $177.02. The stock had a trading volume of 6,833,897 shares, compared to its average volume of 6,381,982. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.37. Home Depot Inc has a one year low of $166.06 and a one year high of $215.43. The company has a market cap of $205.83 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.39 and a beta of 1.26.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The firm had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. During the same period last year, the firm earned $1.84 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Home Depot Inc will post 9.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Wednesday, November 28th. Home Depot’s dividend payout ratio is currently 55.23%.

Several research analysts recently commented on the stock. Robert W. Baird cut their price objective on shares of Home Depot from $215.00 to $210.00 and set an “outperform” rating for the company in a report on Tuesday. Bank of America downgraded shares of Home Depot from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $219.00 to $195.00 in a report on Friday. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $203.00 price objective on shares of Home Depot in a report on Thursday, August 16th. Citigroup reaffirmed a “buy” rating and issued a $227.00 price objective on shares of Home Depot in a report on Wednesday, August 15th. Finally, Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 price objective for the company. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and a consensus price target of $204.16.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Management Inc. purchased a new position in Home Depot in the 3rd quarter worth $3,370,000. Kentucky Retirement Systems purchased a new position in Home Depot in the 3rd quarter worth $9,573,000. M Holdings Securities Inc. raised its position in Home Depot by 14.4% in the 3rd quarter. M Holdings Securities Inc. now owns 6,800 shares of the home improvement retailer’s stock worth $1,409,000 after purchasing an additional 856 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Home Depot by 312.1% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 198,200 shares of the home improvement retailer’s stock worth $41,057,000 after purchasing an additional 150,100 shares during the period. Finally, First Heartland Consultants Inc. raised its position in Home Depot by 92.4% in the 3rd quarter. First Heartland Consultants Inc. now owns 5,831 shares of the home improvement retailer’s stock worth $1,208,000 after purchasing an additional 2,801 shares during the period. 69.38% of the stock is owned by institutional investors.

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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 d├ęcor 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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