Home Depot (NYSE:HD) Stock Price Down 0.4% – What’s Next?

The Home Depot, Inc. (NYSE:HD)’s stock price fell 0.4% on Tuesday . The stock traded as low as $386.49 and last traded at $387.87. 499,790 shares were traded during trading, a decline of 76% from the average session volume of 2,080,584 shares. The stock had previously closed at $389.37.

Analyst Ratings Changes

HD has been the subject of a number of research reports. Truist Financial raised their price objective on Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Sanford C. Bernstein assumed coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. Stifel Nicolaus increased their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Piper Sandler boosted their target price on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Finally, Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and raised their price target for the stock from $360.00 to $460.00 in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Price Performance

The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a fifty day moving average price of $406.33 and a two-hundred day moving average price of $385.04. The company has a market cap of $384.32 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.81 EPS. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,188 shares of company stock valued at $15,624,585 in the last three months. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Home Depot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lantz Financial LLC increased its stake in shares of Home Depot by 1.5% in the 2nd quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock valued at $2,069,000 after acquiring an additional 89 shares during the last quarter. Carson Advisory Inc. grew its holdings in shares of Home Depot by 1.4% in the 2nd quarter. Carson Advisory Inc. now owns 6,708 shares of the home improvement retailer’s stock valued at $2,309,000 after buying an additional 90 shares during the period. Angeles Wealth Management LLC increased its position in shares of Home Depot by 5.7% in the 2nd quarter. Angeles Wealth Management LLC now owns 11,427 shares of the home improvement retailer’s stock valued at $3,934,000 after buying an additional 619 shares in the last quarter. Vaughan David Investments LLC IL raised its stake in Home Depot by 0.7% during the 2nd quarter. Vaughan David Investments LLC IL now owns 125,590 shares of the home improvement retailer’s stock worth $43,233,000 after buying an additional 815 shares during the period. Finally, Spectrum Wealth Advisory Group LLC acquired a new position in Home Depot in the second quarter valued at about $217,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.