Home Depot (NYSE:HD) Trading Up 0%

The Home Depot, Inc. (NYSE:HD)’s share price was up 0% during trading on Thursday . The stock traded as high as $375.67 and last traded at $372.05. Approximately 432,673 shares traded hands during trading, a decline of 87% from the average daily volume of 3,419,228 shares. The stock had previously closed at $371.89.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Raymond James restated a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. Evercore ISI raised their target price on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a report on Tuesday, May 14th. Finally, TD Cowen dropped their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $380.58.

Home Depot Stock Performance

The company has a market cap of $364.72 billion, a P/E ratio of 24.95, a P/E/G ratio of 2.55 and a beta of 0.98. The business has a fifty day moving average of $341.08 and a 200 day moving average of $352.52. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the prior year, the firm earned $3.82 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities analysts predict that The Home Depot, Inc. will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, 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 legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Home Depot

Several hedge funds and other institutional investors have recently modified their holdings of HD. Bey Douglas LLC purchased a new position in Home Depot in the 4th quarter worth approximately $913,000. Hartline Investment Corp increased its holdings in Home Depot by 3.0% in the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock valued at $5,397,000 after acquiring an additional 460 shares during the last quarter. Wolf Group Capital Advisors lifted its stake in Home Depot by 6.1% in the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after purchasing an additional 430 shares in the last quarter. Alliance Wealth Management Group bought a new position in shares of Home Depot during the 4th quarter valued at about $253,000. Finally, Zullo Investment Group Inc. increased its stake in Home Depot by 6.6% in the 4th quarter. Zullo Investment Group Inc. now owns 8,153 shares of the home improvement retailer’s stock worth $2,826,000 after acquiring an additional 504 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

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.