Home Depot (NYSE:HD) Stock Price Down 0.3%

The Home Depot, Inc. (NYSE:HD)’s share price was down 0.3% during trading on Tuesday . The company traded as low as $361.08 and last traded at $362.19. Approximately 800,132 shares changed hands during trading, a decline of 77% from the average daily volume of 3,412,287 shares. The stock had previously closed at $363.25.

Analyst Ratings Changes

A number of equities analysts recently commented on HD shares. Truist Financial dropped their price target on Home Depot from $417.00 to $406.00 and set a “buy” rating for the company 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 note on Wednesday, June 26th. Guggenheim reissued a “buy” rating and set a $390.00 price target on shares of Home Depot in a research note on Friday, April 5th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $380.58.

Home Depot Price Performance

The firm has a fifty day simple moving average of $342.65 and a 200 day simple moving average of $353.16. The company has a market capitalization of $350.33 billion, a PE ratio of 23.72, a P/E/G ratio of 2.48 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.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion for 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. Equities analysts anticipate that The Home Depot, Inc. will post 15.3 EPS for the current year.

Home Depot Announces Dividend

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

Insider Activity

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bare Financial Services Inc acquired a new stake in shares of Home Depot in the 4th quarter worth $26,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot in the 4th quarter worth $27,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot in the 4th quarter worth $31,000. PFG Private Wealth Management LLC boosted its position in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new stake in shares of Home Depot in the 4th quarter worth $35,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

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.