Home Depot (NYSE:HD) Stock Price Down 1.3%

The Home Depot, Inc. (NYSE:HDGet Free Report)’s share price was down 1.3% on Friday . The stock traded as low as $323.93 and last traded at $326.77. Approximately 778,745 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 3,390,021 shares. The stock had previously closed at $331.10.

Analyst Ratings Changes

HD has been the topic of a number of research reports. Mizuho started coverage on Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target on the stock. Citigroup lowered their target price on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. UBS Group reduced their price target on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Stifel Nicolaus raised their price objective on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Finally, The Goldman Sachs Group upped their target price on shares of Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $377.46.

Get Our Latest Report on Home Depot

Home Depot Stock Down 1.2 %

The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company has a market capitalization of $324.29 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.28 and a beta of 1.00. The firm’s 50-day simple moving average is $339.56 and its two-hundred day simple moving average is $349.93.

Home Depot (NYSE:HDGet Free Report) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.61 by $0.02. The firm had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. Home Depot’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the business posted $3.82 EPS. Sell-side analysts predict that The Home Depot, Inc. will post 15.31 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.75%. Home Depot’s payout ratio is 60.36%.

Insiders Place Their Bets

In other news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were 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 directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Home Depot

A number of large investors have recently made changes to their positions in the stock. Bare Financial Services Inc acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC purchased a new position in shares of Home Depot during the 4th quarter worth $27,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $31,000. PFG Private Wealth Management LLC grew its position in shares of Home Depot by 53.3% in the fourth 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 period. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Company Profile

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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.

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