Shares of The Home Depot, Inc. (NYSE:HD – Get Free Report) dropped 0.6% on Monday . The stock traded as low as $355.03 and last traded at $357.58. Approximately 580,550 shares were traded during trading, a decline of 83% from the average daily volume of 3,421,616 shares. The stock had previously closed at $359.77.
Analyst Ratings Changes
HD has been the subject of several research analyst reports. Wells Fargo & Company lowered their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Guggenheim reissued a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a research note on Friday, April 5th. Citigroup lowered their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, Zelman & Associates raised shares of Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $378.96.
Home Depot Stock Down 0.4 %
The company has a market capitalization of $355.45 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99. The firm’s 50-day simple moving average is $339.52 and its 200 day simple moving average is $352.14. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34.
Home Depot (NYSE:HD – Get Free Report) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.82 EPS. As a group, equities research analysts forecast that The Home Depot, Inc. will post 15.28 earnings per share for the current year.
Home Depot Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.
Insider Transactions at Home Depot
In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bare Financial Services Inc acquired a new position in Home Depot in the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot in the 4th quarter valued at about $27,000. Keener Financial Planning LLC acquired a new position in Home Depot in the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC raised its stake in Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. 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.