Home Depot Inc Unusual Bullish Options Activity Means Profits for Traders

 Home Depot Inc Unusual Bullish Options Activity Means Profits for Traders

In today’s session Home Depot Inc (HD) registered an unusually high (286) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2017 call, expecting serious HD increase. With 286 contracts traded and 654 open interest for the May, 17 contract, it seems this is a quite bullish bet. The option with symbol: HD170519C00140000 closed last at: $2.31 or 5.7% down. About 1.80M shares traded hands. Home Depot Inc (NYSE:HD) has declined 1.88% since March 14, 2016 and is downtrending. It has underperformed by 7.49% the S&P500.

Analysts await Home Depot Inc (NYSE:HD) to report earnings on November, 15. They expect $1.58 earnings per share, up 17.04% or $0.23 from last year’s $1.35 per share. HD’s profit will be $1.95 billion for 19.78 P/E if the $1.58 EPS becomes a reality. After $1.97 actual earnings per share 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. The Home Depot Inc. has been the topic of 41 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, August 19 by Vetr. The firm has “Hold” rating by Cantor Fitzgerald given on Monday, August 17. The stock of Home Depot Inc (NYSE:HD) has “Hold” rating given on Wednesday, November 18 by Cantor Fitzgerald. The stock of Home Depot Inc (NYSE:HD) has “Buy” rating given on Wednesday, August 17 by Argus Research. The firm has “Outperform” rating by Credit Suisse given on Monday, December 7. The stock of Home Depot Inc (NYSE:HD) has “Sell” rating given on Monday, August 17 by Zacks. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, November 18 report. The firm has “Outperform” rating by Telsey Advisory Group given on Monday, December 7. The stock has “Buy” rating given by Nomura on Thursday, June 23. SEB Equity Research maintained the shares of HD in a report on Tuesday, August 25 with “Sell” 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 Q2 2016. Its up 0.05, from 0.87 in 2016Q1. The ratio increased, 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.
Golub Group Limited Liability Corp reported 3,228 shares or 0.04% of all its holdings. Frontier Investment Management holds 0.04% or 2,224 shares in its portfolio. D E Shaw Com last reported 2.50 million shares in the company. Ajo Ltd Partnership holds 0.04% or 76,047 shares in its portfolio. Mathes Company holds 0.39% or 5,250 shares in its portfolio. Weatherly Asset L P last reported 61,556 shares in the company. Ig Inv has 0.11% invested in the company for 225,324 shares. Mcf Advsr Ltd Liability, a Kentucky-based fund reported 1,028 shares. First Trust holds 1.34% of its portfolio in Home Depot Inc (NYSE:HD) for 68,361 shares. New York State Common Retirement Fund holds 3.59M shares or 0.67% of its portfolio. Arcadia Inv Management Mi, a Michigan-based fund reported 4,500 shares. Cibc Ww Markets Corp last reported 94,589 shares in the company. Busey Trust Communications owns 7,006 shares or 0.11% of their US portfolio. Utd Service Automobile Association accumulated 0.55% or 1.20M shares. Metropolitan Life Insurance Communications Ny has invested 0.67% of its portfolio in Home Depot Inc (NYSE:HD).

Insider Transactions: Since May 18, 2016, the stock had 1 insider purchase, and 8 insider sales for $41.51 million net activity. Another trade for 350 shares valued at $46,386 was bought by Hewett Wayne M.. On Friday, August 19 the insider Decker Edward P. sold $1.35M. On Monday, August 22 the insider TOME CAROL B sold $13.21M. 46,227 shares with value of $6.07M were sold by Menear Craig A on Thursday, May 19. On Wednesday, August 17 Carey Matt sold $4.00 million worth of the stock or 29,357 shares. Roseborough Teresa Wynn had sold 11,671 shares worth $1.59M on Thursday, August 18. Another trade for 43,026 shares valued at $5.64M was made by HOLIFIELD MARK on Wednesday, May 18.

The Home Depot, Inc. is a home improvement retailer. The company has a market cap of $154.59 billion. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. It has a 21.08 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: Nasdaq.com which released: “2 Key Metrics for Home Depot Inc Investors to Watch” on October 14, 2016, also Forbes.com with their article: “December 2nd Options Now Available For Home Depot (HD)” published on October 14, 2016, Fool.com published: “Has Home Depot Inc.’s Growth Just Begun?” on October 10, 2016. More interesting news about Home Depot Inc (NYSE:HD) were released by: Fool.com and their article: “What Is Home Depot Inc’s Competitive Advantage?” published on October 05, 2016 as well as Fool.com‘s news article titled: “3 Reasons Home Depot Inc. Stock Could Fall” with publication date: September 29, 2016.

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