Traders sold shares of Home Depot Inc (NYSE:HD) on strength during trading hours on Friday after an insider sold shares in the company. $155.17 million flowed into the stock on the tick-up and $695.74 million flowed out of the stock on the tick-down, for a money net flow of $540.57 million out of the stock. Of all equities tracked, Home Depot had the 0th highest net out-flow for the day. Home Depot traded up $0.62 for the day and closed at $182.23Specifically, EVP Edward P. Decker sold 23,744 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the completion of the sale, the executive vice president now owns 86,813 shares of the company’s stock, valued at approximately $15,880,702.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 5,450 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total transaction of $1,006,451.50. Following the sale, the executive vice president now directly owns 51,030 shares of the company’s stock, valued at approximately $9,423,710.10. The disclosure for this sale can be found here. Insiders have sold 41,194 shares of company stock valued at $7,553,141 in the last ninety days. 0.25% of the stock is currently owned by company insiders.
HD has been the subject of several recent analyst reports. Edward Jones upgraded Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Bank of America cut Home Depot from a “buy” rating to a “neutral” rating and cut their target price for the stock from $219.00 to $195.00 in a research note on Friday, November 16th. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. Wedbush dropped their price objective on Home Depot from $190.00 to $190.00 and set a “neutral” rating for the company in a research report on Wednesday, February 27th. Finally, Telsey Advisory Group downgraded Home Depot from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $205.00 to $192.00 in a research report on Wednesday, February 27th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $203.41.
The company has a market cap of $205.13 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.58 and a beta of 1.09. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.11.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be given a $1.36 dividend. The ex-dividend date of this dividend is Wednesday, March 13th. This is an increase from Home Depot’s previous quarterly dividend of $1.03. This represents a $5.44 annualized dividend and a yield of 2.99%. Home Depot’s dividend payout ratio (DPR) is currently 55.01%.
Home Depot declared that its board has approved a stock repurchase plan on Tuesday, February 26th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to repurchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
A number of institutional investors have recently bought and sold shares of HD. Portfolio Solutions LLC bought a new position in shares of Home Depot during the fourth quarter valued at $26,000. Nalls Sherbakoff Group LLC bought a new position in Home Depot during the 4th quarter worth $30,000. Virtus ETF Advisers LLC bought a new position in Home Depot during the 4th quarter worth $32,000. Enlightenment Research LLC bought a new position in Home Depot during the 4th quarter worth $34,000. Finally, Private Ocean LLC raised its position in Home Depot by 53.3% during the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 68.22% of the company’s stock.
About Home Depot (NYSE:HD)
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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