Craig A. Menear Sells 90,661 Shares of Home Depot Inc (HD) Stock

Home Depot Inc (NYSE:HD) CEO Craig A. Menear sold 90,661 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the sale, the chief executive officer now owns 240,090 shares of the company’s stock, valued at $37,643,711.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Home Depot Inc (NYSE:HD) traded up 0.39% during trading on Friday, hitting $156.30. 4,781,628 shares of the company’s stock were exchanged. Home Depot Inc has a one year low of $119.20 and a one year high of $160.86. The stock has a market cap of $187.25 billion, a P/E ratio of 23.39 and a beta of 1.09. The firm has a 50-day moving average price of $151.91 and a 200-day moving average price of $140.67.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.06. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The firm had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter in the prior year, the company earned $1.44 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Equities research analysts expect that Home Depot Inc will post $7.24 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Home Depot (NYSE:HD)

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $3.56 annualized dividend and a dividend yield of 2.29%. Home Depot’s payout ratio is presently 44.66%.

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Several large investors have recently made changes to their positions in HD. Community Trust & Investment Co. boosted its stake in shares of Home Depot by 3.7% in the first quarter. Community Trust & Investment Co. now owns 3,823 shares of the home improvement retailer’s stock valued at $561,000 after buying an additional 136 shares during the last quarter. Cambridge Trust Co. boosted its stake in shares of Home Depot by 0.7% in the first quarter. Cambridge Trust Co. now owns 92,833 shares of the home improvement retailer’s stock valued at $13,630,000 after buying an additional 663 shares during the last quarter. American Beacon Advisors Inc. acquired a new stake in shares of Home Depot during the first quarter valued at $100,000. Northern Oak Wealth Management Inc. boosted its stake in shares of Home Depot by 0.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 35,398 shares of the home improvement retailer’s stock valued at $5,197,000 after buying an additional 166 shares during the last quarter. Finally, Brighton Jones LLC boosted its stake in shares of Home Depot by 455.1% in the first quarter. Brighton Jones LLC now owns 14,476 shares of the home improvement retailer’s stock valued at $2,125,000 after buying an additional 11,868 shares during the last quarter. 71.53% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. SunTrust Banks, Inc. restated a “hold” rating and set a $157.00 price target (up from $142.00) on shares of Home Depot in a research report on Friday. Barclays PLC reiterated an “overweight” rating and set a $165.00 target price (up from $150.00) on shares of Home Depot in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $173.00 target price (up from $165.00) on shares of Home Depot in a report on Wednesday. Wedbush reiterated a “neutral” rating and set a $165.00 target price (up from $155.00) on shares of Home Depot in a report on Wednesday. Finally, Citigroup Inc reiterated a “buy” rating and set a $179.00 target price (up from $168.00) on shares of Home Depot in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $162.77.

Home Depot 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.

5 Day Chart for NYSE:HD

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