Home Depot Target of Unusually High Options Trading (HD)

Home Depot Inc (NYSE:HD) was the target of some unusual options trading activity on Monday. Stock investors bought 36,722 call options on the stock. This represents an increase of approximately 551% compared to the typical volume of 5,645 call options.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advantage Investment Management LLC purchased a new position in shares of Home Depot during the fourth quarter worth about $103,000. CT Financial Advisors LLC boosted its position in shares of Home Depot by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Home Depot during the fourth quarter worth about $131,000. Edge Wealth Management LLC boosted its position in shares of Home Depot by 0.3% in the third quarter. Edge Wealth Management LLC now owns 1,068 shares of the home improvement retailer’s stock worth $137,000 after buying an additional 3 shares in the last quarter. Finally, Cable Hill Partners LLC boosted its position in shares of Home Depot by 10.4% in the third quarter. Cable Hill Partners LLC now owns 1,116 shares of the home improvement retailer’s stock worth $145,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Shares of Home Depot (NYSE:HD) traded down 0.3001% on Thursday, hitting $146.1002. 1,273,884 shares of the stock traded hands. Home Depot has a 52 week low of $119.20 and a 52 week high of $150.15. The firm’s 50 day moving average is $147.01 and its 200 day moving average is $135.71. The firm has a market capitalization of $175.75 billion, a PE ratio of 22.6512 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 21st. The home improvement retailer reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.11. The firm earned $22.21 billion during the quarter, compared to analysts’ expectations of $21.74 billion. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 earnings per share. On average, analysts expect that Home Depot will post $7.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 23rd. Investors of record on Thursday, March 9th were issued a dividend of $0.89 per share. The ex-dividend date was Tuesday, March 7th. This represents a $3.56 dividend on an annualized basis and a yield of 2.43%. This is a boost from Home Depot’s previous quarterly dividend of $0.69. Home Depot’s payout ratio is currently 44.66%.

Several equities research analysts recently commented on the stock. Credit Suisse Group AG set a $148.00 price target on shares of Home Depot and gave the company a “buy” rating in a research report on Saturday, February 18th. Vetr upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $152.86 price target for the company in a research report on Wednesday, March 8th. Telsey Advisory Group upped their price target on shares of Home Depot from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Wedbush restated a “neutral” rating and issued a $145.00 price target on shares of Home Depot in a research report on Friday, December 16th. Finally, Citigroup Inc restated a “buy” rating on shares of Home Depot in a research report on Wednesday, December 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Home Depot currently has an average rating of “Buy” and an average target price of $150.23.

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About Home Depot

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 serve 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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