Insider Selling: The Home Depot, Inc. (NYSE:HD) EVP Sells 1,502 Shares of Stock

The Home Depot, Inc. (NYSE:HD – Get Rating) EVP Hector A. Padilla sold 1,502 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $293.09, for a total transaction of $440,221.18. Following the transaction, the executive vice president now owns 13,958 shares of the company’s stock, valued at approximately $4,090,950.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Home Depot Trading Down 1.5 %

NYSE HD opened at $290.88 on Friday. The Home Depot, Inc. has a one year low of $264.51 and a one year high of $347.25. The firm has a 50 day simple moving average of $290.67 and a 200-day simple moving average of $306.12. The firm has a market cap of $294.57 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.89 and a beta of 0.93. The company has a debt-to-equity ratio of 113.02, a quick ratio of 0.33 and a current ratio of 1.27.

Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 EPS for the quarter, topping the consensus estimate of $3.80 by $0.02. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The business had revenue of $37.26 billion during the quarter, compared to the consensus estimate of $38.35 billion. During the same quarter in the previous year, the firm posted $4.09 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. Equities research analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a $2.09 dividend. This represents a $8.36 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Wednesday, May 31st. Home Depot’s dividend payout ratio is currently 50.94%.

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently made changes to their positions in HD. Slow Capital Inc. acquired a new position in Home Depot during the 1st quarter worth approximately $25,000. Kalos Management Inc. purchased a new position in Home Depot in the first quarter valued at $26,000. Fairfield Bush & CO. acquired a new stake in Home Depot in the first quarter valued at $27,000. Glassy Mountain Advisors Inc. purchased a new stake in Home Depot during the 4th quarter worth about $30,000. Finally, KB Financial Partners LLC acquired a new position in shares of Home Depot during the 1st quarter worth about $28,000. Hedge funds and other institutional investors own 68.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup reduced their target price on Home Depot from $332.00 to $327.00 in a report on Wednesday, May 10th. Barclays decreased their price objective on Home Depot from $323.00 to $310.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. DA Davidson dropped their target price on shares of Home Depot from $334.00 to $306.00 and set a “neutral” rating for the company in a report on Wednesday, February 22nd. Telsey Advisory Group decreased their price target on shares of Home Depot from $340.00 to $315.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, 92 Resources reaffirmed a “maintains” rating on shares of Home Depot in a research note on Wednesday. Thirteen research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $323.25.

About Home Depot

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.