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

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

Home Depot Price Performance

NYSE:HD traded down $6.82 during trading hours on Wednesday, reaching $399.98. 4,730,652 shares of the company were exchanged, compared to its average volume of 3,386,978. The Home Depot, Inc. has a twelve month low of $302.34 and a twelve month high of $421.56. The firm has a market cap of $397.30 billion, a PE ratio of 27.35, a price-to-earnings-growth ratio of 2.84 and a beta of 1.01. The stock’s 50-day moving average is $401.13 and its 200-day moving average is $367.78. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the prior year, the firm earned $3.81 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, sell-side analysts anticipate that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 is Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Analyst Ratings Changes

A number of research firms have issued reports on HD. Oppenheimer upped their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Barclays raised their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. TD Cowen boosted their target price on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Morgan Stanley increased their price objective on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Royal Bank of Canada raised their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Institutional Investors Weigh In On Home Depot

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC increased its stake in Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after buying an additional 8,762,735 shares during the period. Wulff Hansen & CO. boosted its stake in shares of Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after buying an additional 1,474,459 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after buying an additional 971,833 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Home Depot during the third quarter worth $336,231,000. Finally, FMR LLC grew its holdings in Home Depot by 10.1% in the third quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock valued at $3,516,827,000 after purchasing an additional 795,438 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

About Home Depot

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.