The Home Depot, Inc. (NYSE:HD – Get Free Report) traded down 0.2% on Monday . The stock traded as low as $401.25 and last traded at $407.60. 972,768 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 3,380,064 shares. The stock had previously closed at $408.36.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Guggenheim raised their target price on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday. Piper Sandler raised their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Daiwa America raised Home Depot to a “hold” rating in a research note on Thursday, August 15th. Jefferies Financial Group assumed coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. Finally, Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price for the company in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $398.54.
Home Depot Stock Performance
The stock has a fifty day moving average price of $373.28 and a two-hundred day moving average price of $356.04. The company has a market cap of $404.51 billion, a P/E ratio of 27.36, a PEG ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.
Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the previous year, the company posted $4.65 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.
Home Depot Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.21%. Home Depot’s payout ratio is 60.36%.
Institutional Investors Weigh In On Home Depot
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Home Depot in the second quarter worth approximately $25,000. Kings Path Partners LLC acquired a new position in Home Depot in the second quarter worth approximately $33,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot in the first quarter worth approximately $38,000. Livelsberger Financial Advisory acquired a new position in Home Depot in the fourth quarter worth approximately $39,000. Finally, Denver PWM LLC purchased a new position in Home Depot during the 2nd quarter worth approximately $40,000. Institutional investors own 70.86% of the company’s stock.
Home Depot Company Profile
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.