The Traders Sell Home Depot, Inc. (The) (HD) on Strength (HD)

The Traders Sell Home Depot, Inc. (The) (HD) on Strength (HD)

Traders sold shares of Home Depot, Inc. (The) (NYSE:HD) on strength during trading hours on Wednesday. $102.59 million flowed into the stock on the tick-up and $207.99 million flowed out of the stock on the tick-down, for a money net flow of $105.40 million out of the stock. Of all companies tracked, Home Depot, Inc. (The) had the 6th highest net out-flow for the day. Home Depot, Inc. (The) traded up $0.04 for the day and closed at $166.07

Several equities analysts have commented on HD shares. Zacks Investment Research cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $182.00 price target on shares of Home Depot, Inc. (The) in a report on Thursday, August 10th. Citigroup Inc. reaffirmed a “buy” rating and issued a $179.00 price target on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. set a $178.00 price target on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Home Depot, Inc. (The) in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $172.38.

The company has a market cap of $195.77 billion, a P/E ratio of 23.90 and a beta of 1.07. The firm’s 50-day moving average price is $162.19 and its 200-day moving average price is $155.08.

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

In other news, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction dated 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 in the company, valued at $9,877,044. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares in the company, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,717 shares of company stock worth $8,916,321. 0.26% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Calamos Advisors LLC raised its holdings in shares of Home Depot, Inc. (The) by 1.3% during the third quarter. Calamos Advisors LLC now owns 579,575 shares of the home improvement retailer’s stock valued at $94,795,000 after purchasing an additional 7,156 shares during the period. Doyle Wealth Management raised its holdings in shares of Home Depot, Inc. (The) by 5.0% during the third quarter. Doyle Wealth Management now owns 10,637 shares of the home improvement retailer’s stock valued at $1,740,000 after purchasing an additional 506 shares during the period. Regentatlantic Capital LLC raised its holdings in shares of Home Depot, Inc. (The) by 2.3% during the third quarter. Regentatlantic Capital LLC now owns 36,905 shares of the home improvement retailer’s stock valued at $6,036,000 after purchasing an additional 816 shares during the period. First Midwest Bank Trust Division raised its holdings in shares of Home Depot, Inc. (The) by 3.8% during the third quarter. First Midwest Bank Trust Division now owns 28,995 shares of the home improvement retailer’s stock valued at $4,743,000 after purchasing an additional 1,066 shares during the period. Finally, Leavell Investment Management Inc. raised its holdings in shares of Home Depot, Inc. (The) by 1.8% during the third quarter. Leavell Investment Management Inc. now owns 51,990 shares of the home improvement retailer’s stock valued at $8,503,000 after purchasing an additional 914 shares during the period. Hedge funds and other institutional investors own 71.41% of the company’s stock.

Home Depot, Inc. (The) Company Profile

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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