The Home Depot, Inc. (NYSE:HD – Get Free Report) shares traded up 0% during mid-day trading on Monday . The stock traded as high as $377.60 and last traded at $373.27. 803,834 shares traded hands during trading, a decline of 74% from the average session volume of 3,123,637 shares. The stock had previously closed at $373.23.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on HD shares. Stifel Nicolaus upped their target price on Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. HSBC lowered shares of Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 target price on the stock. in a research note on Wednesday, February 21st. Telsey Advisory Group raised their target price on shares of Home Depot from $325.00 to $335.00 and gave the company a “market perform” rating in a research note on Thursday, February 15th. Truist Financial lowered their target price on shares of Home Depot from $387.00 to $386.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $380.00 target price on shares of Home Depot in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $364.75.
Home Depot Price Performance
The company has a market cap of $368.55 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 2.48 and a beta of 0.99. The company has a 50 day moving average price of $364.19 and a 200-day moving average price of $331.81. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.
Home Depot (NYSE:HD – Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. During the same quarter last year, the firm posted $3.30 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.39 EPS for the current fiscal year.
Home Depot Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Thursday, March 7th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.42%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is 59.60%.
Insider Buying and Selling
In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.
Institutional Trading of Home Depot
Large investors have recently added to or reduced their stakes in the company. BCK Partners Inc. purchased a new position in Home Depot during the first quarter worth approximately $2,933,000. Fairfield Bush & CO. purchased a new position in shares of Home Depot during the first quarter worth $27,000. Ergoteles LLC purchased a new position in Home Depot in the first quarter valued at $1,554,000. Equitable Holdings Inc. boosted its holdings in Home Depot by 7.4% in the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after purchasing an additional 1,007 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Home Depot by 3.2% during the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock worth $236,865,000 after buying an additional 24,640 shares during the last quarter. Institutional investors own 68.34% of the company’s stock.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.