Home Depot (NYSE:HD) Trading Down 1.2%

The Home Depot, Inc. (NYSE:HD) shares fell 1.2% during mid-day trading on Thursday . The company traded as low as $379.72 and last traded at $381.24. 1,026,232 shares traded hands during trading, a decline of 67% from the average session volume of 3,120,875 shares. The stock had previously closed at $385.89.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Guggenheim boosted their price target on Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Mizuho started coverage on shares of Home Depot in a report on Tuesday, March 19th. They issued a “buy” rating and a $415.00 price objective for the company. Truist Financial decreased their price target on shares of Home Depot from $387.00 to $386.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Stifel Nicolaus increased 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. Finally, HSBC lowered shares of Home Depot from a “hold” rating to a “reduce” rating and set a $323.00 price target on the stock. in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $368.76.

Home Depot Stock Down 0.6 %

The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The stock has a market capitalization of $380.13 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 2.51 and a beta of 0.99. The company’s fifty day moving average price is $368.47 and its 200-day moving average price is $334.54.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.30 earnings per share. Analysts forecast that The Home Depot, Inc. will post 15.39 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 annualized dividend and a yield of 2.35%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is presently 59.60%.

Insider Transactions at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction 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 in the company, valued at approximately $27,950,123.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Home Depot

Institutional investors and hedge funds have recently made changes to their positions in the stock. VisionPoint Advisory Group LLC acquired a new stake in Home Depot in the second quarter valued at approximately $26,000. Bare Financial Services Inc purchased a new stake in shares of Home Depot during the fourth quarter worth about $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the 4th quarter valued at about $27,000. Fairfield Bush & CO. purchased a new stake in shares of Home Depot during the first quarter worth approximately $27,000. Finally, KB Financial Partners LLC acquired a new position in Home Depot during the first quarter worth $28,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.