The Home Depot, Inc. (NYSE:HD) EVP Timothy A. Hourigan Sells 16,004 Shares of Stock

The Home Depot, Inc. (NYSE:HD) EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. The trade was a 17.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Home Depot Stock Performance

Shares of HD stock opened at $399.98 on Thursday. The company has a fifty day moving average price of $401.72 and a two-hundred day moving average price of $368.01. The Home Depot, Inc. has a one year low of $302.34 and a one year high of $421.56. The stock has a market cap of $397.30 billion, a P/E ratio of 27.17, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $3.81 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s payout ratio is presently 61.14%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HD. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $360.00 to $455.00 in a report on Friday, November 8th. Loop Capital upgraded shares of Home Depot from a “hold” rating to a “buy” rating and increased their target price for the stock from $360.00 to $460.00 in a report on Wednesday, October 9th. Finally, Barclays boosted their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Institutional Investors Weigh In On Home Depot

Several hedge funds have recently added to or reduced their stakes in the business. Fairway Wealth LLC bought a new position in Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot during the second quarter worth approximately $33,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot in the third quarter valued at approximately $41,000. Livelsberger Financial Advisory acquired a new stake in Home Depot during the third quarter worth approximately $46,000. Finally, Denver PWM LLC bought a new position in Home Depot during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.