What Next for Home Depot Inc Stock After Today’s Bullish Options Activity?


 What Next for Home Depot Inc Stock After Today's Bullish Options Activity?

In today’s session Home Depot Inc (HD) registered an unusually high (2,501) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious HD increase. With 2,501 contracts traded and 54064 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: HD161021C00134000 closed last at: $0.14 or 30% down. About 501,605 shares traded hands. Home Depot Inc (NYSE:HD) has risen 2.08% since March 2, 2016 and is uptrending. It has underperformed by 6.18% the S&P500.

Analysts await Home Depot Inc (NYSE:HD) to report earnings on November, 15. They expect $1.58 EPS, up 17.04% or $0.23 from last year’s $1.35 per share. HD’s profit will be $1.95B for 20.35 P/E if the $1.58 EPS becomes a reality. After $1.97 actual EPS reported by Home Depot Inc for the previous quarter, Wall Street now forecasts -19.80% negative EPS growth.

Home Depot Inc (NYSE:HD) Ratings Coverage

Out of 19 analysts covering The Home Depot Inc. (NYSE:HD), 14 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 74% are positive. $156 is the highest target while $106 is the lowest. The $140.98 average target is 9.58% above today’s ($128.65) stock price. The Home Depot Inc. has been the topic of 41 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The rating was upgraded by Nomura to “Buy” on Thursday, June 23. The stock of Home Depot Inc (NYSE:HD) has “Buy” rating given on Wednesday, November 18 by UBS. Cantor Fitzgerald maintained it with “Hold” rating and $125 target price in Wednesday, November 18 report. The firm has “Sell” rating by Zacks given on Monday, August 17. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, November 18. The stock of Home Depot Inc (NYSE:HD) earned “Neutral” rating by Goldman Sachs on Wednesday, April 6. On Wednesday, August 19 the stock rating was maintained by S&P Research with “Hold”. The rating was downgraded by Vetr on Wednesday, August 19 to “Buy”. The company was downgraded on Saturday, August 29 by Vetr. Topeka Capital Markets initiated the shares of HD in a report on Tuesday, May 24 with “Buy” rating.

According to Zacks Investment Research, “Home Depot is the one of world’s largest home improvement retailer. The company offers a level of service unprecedented among warehouse-style retailers. Home Depot stores cater to do-it-yourselfers, as well as home improvement, construction and building maintenance professionals. The Home Depot currently operates in the USA, Canada, Chile, Puerto Rico, and Argentina. The company also operates EXPO Design Centers across the U.S. and Villager’s Hardware in New Jersey.”

Insitutional Activity: The institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.05, from 0.87 in 2016Q1. The ratio improved, as 63 funds sold all Home Depot Inc shares owned while 638 reduced positions. 103 funds bought stakes while 543 increased positions. They now own 870.00 million shares or 6.34% less from 928.89 million shares in 2016Q1.
Suntrust Banks, a Georgia-based fund reported 1.27M shares. Ep Wealth Advisors holds 0.06% of its portfolio in Home Depot Inc (NYSE:HD) for 3,167 shares. Cookson Peirce & accumulated 48,303 shares or 0.92% of the stock. Goelzer Inv Mgmt accumulated 1,794 shares or 0.03% of the stock. Ibm Retirement Fund reported 163,844 shares or 0.77% of all its holdings. First Quadrant Limited Partnership Ca accumulated 1.05% or 374,300 shares. The New York-based Engineers Gate Manager Lp has invested 0.4% in Home Depot Inc (NYSE:HD). Welch & Forbes Ltd Liability Corp holds 1.72% or 441,481 shares in its portfolio. Pensionfund Dsm Netherlands holds 1.06% of its portfolio in Home Depot Inc (NYSE:HD) for 62,000 shares. Huber Capital Management Limited Liability accumulated 127,175 shares or 0.67% of the stock. First Manhattan Co accumulated 0.02% or 28,718 shares. Mark Asset reported 4,267 shares or 0.16% of all its holdings. Reik & Company Ltd Liability Corp has 0.16% invested in the company for 3,799 shares. Quadrant Mgmt Ltd has invested 2.7% of its portfolio in Home Depot Inc (NYSE:HD). U S Global Incorporated has invested 0.61% of its portfolio in Home Depot Inc (NYSE:HD).

Insider Transactions: Since May 18, 2016, the stock had 1 insider buy, and 8 sales for $41.51 million net activity. Crow Timothy M sold $6.67M worth of stock. Roseborough Teresa Wynn also sold $1.59M worth of Home Depot Inc (NYSE:HD) on Thursday, August 18. Another trade for 43,026 shares valued at $5.64 million was made by HOLIFIELD MARK on Wednesday, May 18. The insider Hewett Wayne M. bought $46,386. Menear Craig A sold $6.07 million worth of stock. TOME CAROL B had sold 97,610 shares worth $13.21 million on Monday, August 22. 10,000 Home Depot Inc (NYSE:HD) shares with value of $1.35M were sold by Decker Edward P..

The Home Depot, Inc. is a home improvement retailer. The company has a market cap of $158.59 billion. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. It has a 21.7 P/E ratio. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) clients and professional customers.

HD Company Profile

The Home Depot, Inc. (The Home Depot), incorporated on June 29, 1978, is a home improvement retailer. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores average approximately 104,000 square feet of enclosed space, with over 24,000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) clients and professional customers. The Firm has approximately 2,270 stores located throughout the United States, including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam, Canada and Mexico.

More notable recent Home Depot Inc (NYSE:HD) news were published by: Fool.com which released: “3 Reasons Home Depot Inc. Stock Could Fall” on September 29, 2016, also Fool.com with their article: “5 Surprising Facts About Home Depot Inc You Need to Know” published on September 20, 2016, Fool.com published: “Better Buy: The Home Depot, Inc. vs. Lowe’s” on September 16, 2016. More interesting news about Home Depot Inc (NYSE:HD) were released by: Fool.com and their article: “Better Buy: Wal-Mart Stores Inc. vs. Home Depot” published on September 21, 2016 as well as Fool.com‘s news article titled: “3 Brilliant Ways Home Depot Inc. Is Investing in the Future” with publication date: September 07, 2016.

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