What’s Ahead for Home Depot Inc After Today’s Bearish Options Activity?

 What's Ahead for Home Depot Inc After Today's Bearish Options Activity?

In today’s session Home Depot Inc (HD) recorded an unusually high (674) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious HD decrease. With 674 contracts traded and 18114 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: HD180119P00130000 closed last at: $12.15 or 3% up. About 567,899 shares traded hands. Home Depot Inc (NYSE:HD) has declined 4.52% since April 27, 2016 and is downtrending. It has underperformed by 9.74% the S&P500.

Analysts await Home Depot Inc (NYSE:HD) to report earnings on February, 28. They expect $1.32 EPS, up 12.82% or $0.15 from last year’s $1.17 per share. HD’s profit will be $1.60 billion for 24.52 P/E if the $1.32 EPS becomes a reality. After $1.60 actual EPS reported by Home Depot Inc for the previous quarter, Wall Street now forecasts -17.50% negative EPS growth.

Home Depot Inc (NYSE:HD) Ratings Coverage

Out of 21 analysts covering The Home Depot Inc. (NYSE:HD), 14 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. $156 is the highest target while $106 is the lowest. The $141.29 average target is 9.15% above today’s ($129.45) stock price. The Home Depot Inc. has been the topic of 44 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Longbow maintained Home Depot Inc (NYSE:HD) on Friday, August 14 with “Buy” rating. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, November 18. Nomura upgraded Home Depot Inc (NYSE:HD) on Thursday, June 23 to “Buy” rating. On Tuesday, August 25 the stock rating was maintained by SEB Equity Research with “Sell”. The firm earned “Neutral” rating on Monday, October 31 by Piper Jaffray. The firm has “Neutral” rating given on Wednesday, April 6 by Goldman Sachs. Credit Suisse maintained Home Depot Inc (NYSE:HD) rating on Wednesday, November 18. Credit Suisse has “Outperform” rating and $135 price target. The stock has “Buy” rating given by Argus Research on Wednesday, November 18. Argus Research maintained Home Depot Inc (NYSE:HD) rating on Wednesday, August 17. Argus Research has “Buy” rating and $154 price target. The firm has “Hold” rating given on Wednesday, November 18 by Cantor Fitzgerald.

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 decreased to 0.85 in 2016 Q2. Its down 0.07, from 0.92 in 2016Q1. The ratio fall, 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.
Baker Boyer Retail Bank has invested 1.34% of its portfolio in Home Depot Inc (NYSE:HD). Clearbridge Invests Limited Liability Co has 1.17% invested in the company for 7.77 million shares. Horrell Cap Mgmt Incorporated last reported 2.24% of its portfolio in the stock. Old Mutual Glob Invsts (Uk) Ltd last reported 0.16% of its portfolio in the stock. Windward Ca holds 0.09% or 3,685 shares in its portfolio. Fincl Advisers Limited Liability Corporation has 168,392 shares for 0.22% of their US portfolio. Macquarie Ltd accumulated 197,176 shares or 0.05% of the stock. Numeric Ltd owns 74,600 shares or 0.08% of their US portfolio. Loomis Sayles Co Ltd Partnership holds 0.08% of its portfolio in Home Depot Inc (NYSE:HD) for 220,562 shares. Moreover, Nelson Roberts Inv Advisors Ltd Limited Liability Company has 0.06% invested in Home Depot Inc (NYSE:HD) for 1,210 shares. Foster And Motley has invested 0.13% of its portfolio in Home Depot Inc (NYSE:HD). Cibc Ww Markets reported 249,050 shares or 0.14% of all its holdings. Blb&B Advisors Lc accumulated 0.04% or 1,625 shares. First Financial Corp In last reported 3,945 shares in the company. Caisse De Depot Et Placement Du Quebec accumulated 0.08% or 244,424 shares.

Insider Transactions: Since May 31, 2016, the stock had 1 buy, and 8 insider sales for $30.37 million net activity. Crow Timothy M had sold 49,392 shares worth $6.67M on Thursday, August 18. Roseborough Teresa Wynn had sold 10,000 shares worth $1.25 million on Wednesday, November 16. On Thursday, November 17 Campbell Ann Marie sold $963,530 worth of the stock or 7,566 shares. Another trade for 29,357 shares valued at $4.00 million was sold by Carey Matt. BOYD JEFFERY H had bought 10,000 shares worth $1.28 million on Friday, November 18. Hewett Wayne M. bought $46,386 worth of stock or 350 shares. $13.21 million worth of Home Depot Inc (NYSE:HD) shares were sold by TOME CAROL B.

The Home Depot, Inc. is a home improvement retailer. The company has a market cap of $156.46 billion. The Firm sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. It has a 20.96 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: “Home Depot Inc.’s Dividend: 3 Reasons to Expect a Big Raise in 2017” on November 28, 2016, also Wsj.com with their article: “Venezuela’s Nemesis Is a Hardware Salesman at a Home Depot in Alabama” published on November 20, 2016, Fool.com published: “5 Things Home Depot Inc. Management Wants You to Know” on November 17, 2016. More interesting news about Home Depot Inc (NYSE:HD) were released by: Fool.com and their article: “3 Things to Watch in Home Depot Inc’s Earnings” published on November 10, 2016 as well as Fool.com‘s news article titled: “The Number That Matters Most to Home Depot Inc.’s Business” with publication date: November 05, 2016.

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