Home Depot (NYSE:HD) Shares Down 0.1% – Here’s What Happened

The Home Depot, Inc. (NYSE:HD) fell 0.1% during mid-day trading on Monday . The company traded as low as $387.70 and last traded at $389.65. 1,248,451 shares were traded during mid-day trading, a decline of 55% from the average session volume of 2,772,574 shares. The stock had previously closed at $389.89.

Analyst Ratings Changes

A number of brokerages recently issued reports on HD. Stifel Nicolaus boosted their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. Telsey Advisory Group raised shares of Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. Evercore ISI boosted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Truist Financial boosted their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Guggenheim boosted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Up 3.3 %

The stock has a market capitalization of $403.01 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business’s fifty day moving average price is $405.88 and its two-hundred day moving average price is $386.65.

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

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.22%. The ex-dividend date was Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Home Depot

Several hedge funds have recently modified their holdings of the company. Avanza Fonder AB purchased a new stake in shares of Home Depot during the 4th quarter worth about $40,442,000. Procyon Advisors LLC boosted its stake in shares of Home Depot by 2.8% during the 4th quarter. Procyon Advisors LLC now owns 34,172 shares of the home improvement retailer’s stock worth $13,293,000 after acquiring an additional 937 shares in the last quarter. Everpar Advisors LLC boosted its stake in shares of Home Depot by 4.6% during the 4th quarter. Everpar Advisors LLC now owns 2,550 shares of the home improvement retailer’s stock worth $992,000 after acquiring an additional 111 shares in the last quarter. Tompkins Financial Corp boosted its stake in shares of Home Depot by 1.0% during the 4th quarter. Tompkins Financial Corp now owns 34,564 shares of the home improvement retailer’s stock worth $13,445,000 after acquiring an additional 339 shares in the last quarter. Finally, Yarger Wealth Strategies LLC raised its position in shares of Home Depot by 59.2% during the 4th quarter. Yarger Wealth Strategies LLC now owns 973 shares of the home improvement retailer’s stock worth $379,000 after purchasing an additional 362 shares during the last quarter. 70.86% of the stock is 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.