Home Depot, Inc. (The) (HD) Short Interest Update

Home Depot, Inc. (The) (NYSE:HD) saw a significant decline in short interest in June. As of June 30th, there was short interest totalling 13,300,949 shares, a decline of 35.7% from the June 15th total of 20,681,165 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily volume of 5,238,416 shares, the days-to-cover ratio is currently 2.5 days.

HD has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $176.00 target price on shares of Home Depot, Inc. (The) in a report on Friday, June 16th. Vetr raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $153.35 target price on the stock in a report on Monday, April 10th. Robert W. Baird set a $175.00 target price on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, May 17th. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Tuesday, April 25th. Finally, Atlantic Securities downgraded Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 target price on the stock. in a report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. Home Depot, Inc. (The) currently has an average rating of “Buy” and a consensus price target of $164.67.

In other news, CEO Craig A. Menear sold 90,661 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total value of $14,214,738.19. Following the transaction, the chief executive officer now directly owns 240,090 shares of the company’s stock, valued at approximately $37,643,711.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William G. Lennie sold 31,239 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the completion of the transaction, the executive vice president now directly owns 46,294 shares in the company, valued at $7,197,328.18. The disclosure for this sale can be found here. Insiders have sold 128,900 shares of company stock worth $20,167,386 over the last ninety days. Company insiders own 0.26% of the company’s stock.

Several large investors have recently bought and sold shares of the company. American Beacon Advisors Inc. purchased a new position in Home Depot, Inc. (The) during the first quarter valued at $100,000. Advantage Investment Management LLC purchased a new position in Home Depot, Inc. (The) during the fourth quarter valued at $103,000. Riggs Asset Managment Co. Inc. boosted its position in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares during the period. CT Financial Advisors LLC boosted its position in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in Home Depot, Inc. (The) during the fourth quarter valued at $131,000. 71.63% of the stock is owned by institutional investors.

Home Depot, Inc. (NYSE:HD) opened at 153.89 on Tuesday. The firm has a market capitalization of $183.98 billion, a P/E ratio of 23.03 and a beta of 1.09. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The stock’s 50 day moving average is $155.07 and its 200-day moving average is $146.38.

Home Depot, Inc. (The) (NYSE:HD) last posted its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 earnings per share. Analysts forecast that Home Depot, Inc. will post $7.24 EPS for the current year.

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About Home Depot, Inc. (The)

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.

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