Home Depot (NYSE:HD) Stock Price Up 0.5%

The Home Depot, Inc. (NYSE:HD)’s stock price rose 0.5% on Friday . The stock traded as high as $335.87 and last traded at $334.66. Approximately 685,368 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 3,317,530 shares. The stock had previously closed at $332.89.

Analysts Set New Price Targets

HD has been the topic of several research reports. DA Davidson reaffirmed a “neutral” rating and set a $370.00 price target on shares of Home Depot in a report on Monday, April 1st. Truist Financial restated a “buy” rating and set a $417.00 price target on shares of Home Depot in a report on Wednesday. Citigroup increased their target price on shares of Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. HSBC reaffirmed a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a research note on Wednesday, April 3rd. Finally, Wells Fargo & Company raised their target price on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Performance

The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The company’s 50 day moving average is $367.92 and its 200-day moving average is $338.97. The company has a market capitalization of $330.79 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the prior year, the firm posted $3.30 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. This is a boost from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is currently 59.60%.

Insider Activity at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Home Depot

Institutional investors have recently modified their holdings of the stock. Bare Financial Services Inc purchased a new stake in Home Depot during the fourth quarter worth $26,000. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $27,000. Keener Financial Planning LLC acquired a new stake in shares of Home Depot during the 4th quarter valued at about $31,000. Fairfield Bush & CO. acquired a new stake in Home Depot in the 1st quarter valued at $27,000. Finally, PFG Private Wealth Management LLC increased its stake in Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares in 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.