Home Depot (NYSE:HD) Trading Down 1%

The Home Depot, Inc. (NYSE:HD) shares traded down 1% during mid-day trading on Wednesday . The stock traded as low as $354.19 and last traded at $355.88. 494,316 shares were traded during trading, a decline of 85% from the average session volume of 3,403,250 shares. The stock had previously closed at $359.62.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group decreased their target price on Home Depot from $411.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. DA Davidson raised Home Depot from a “neutral” rating to a “buy” rating and increased their price target for the company from $352.00 to $395.00 in a research report on Wednesday, June 26th. Evercore ISI increased their price target on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. HSBC reduced their price target on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. Finally, Wedbush reiterated an “outperform” rating and issued a $410.00 price objective on shares of Home Depot in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $380.58.

Home Depot Stock Performance

The company has a market capitalization of $350.33 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 2.42 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The stock’s fifty day simple moving average is $342.86 and its 200-day simple moving average is $353.16.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.82 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.3 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were issued a $2.25 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $9.00 dividend on an annualized basis and a yield of 2.55%. Home Depot’s dividend payout ratio (DPR) is 60.36%.

Insider Transactions at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bare Financial Services Inc purchased a new position in Home Depot in the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $31,000. PFG Private Wealth Management LLC raised its holdings in 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 buying an additional 32 shares during the period. Finally, Gilfoyle & Co LLC purchased a new position in Home Depot in the fourth quarter valued at approximately $35,000. 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.