Home Depot (NYSE:HD) Trading Down 0.8% – Here’s What Happened

The Home Depot, Inc. (NYSE:HD)’s stock price fell 0.8% during mid-day trading on Thursday . The company traded as low as $391.30 and last traded at $392.18. 673,858 shares were traded during trading, a decline of 77% from the average session volume of 2,946,125 shares. The stock had previously closed at $395.43.

Analyst Ratings Changes

HD has been the subject of several research analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Thursday. Truist Financial increased their price target on shares of Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wells Fargo & Company lifted their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Evercore ISI upped their target price on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, DA Davidson raised their price target on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Trading Down 0.6 %

The company has a market cap of $390.55 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 4.12 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 50-day simple moving average is $403.17 and its 200-day simple moving average is $397.01.

Institutional Investors Weigh In On Home Depot

A number of large investors have recently bought and sold shares of the stock. Synergy Asset Management LLC purchased a new stake in Home Depot during the 4th quarter worth about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot during the 4th quarter worth about $28,000. Navigoe LLC purchased a new stake in shares of Home Depot during the fourth quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Home Depot in the fourth quarter valued at approximately $32,000. Finally, Quarry LP lifted its stake in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

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.