Home Depot (NYSE:HD) Shares Up 0.3%

The Home Depot, Inc. (NYSE:HD)’s stock price rose 0.3% on Tuesday . The stock traded as high as $339.47 and last traded at $337.23. Approximately 558,667 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 3,309,323 shares. The stock had previously closed at $336.11.

Analyst Ratings Changes

A number of brokerages recently weighed in on HD. Robert W. Baird reissued an “outperform” rating and set a $370.00 price objective on shares of Home Depot in a report on Wednesday, February 14th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 2nd. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Truist Financial reissued a “buy” rating and set a $417.00 price objective on shares of Home Depot in a report on Wednesday, April 17th. Finally, Barclays raised Home Depot from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $325.00 to $372.00 in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Down 1.8 %

The company has a 50 day moving average price of $365.90 and a two-hundred day moving average price of $340.46. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The stock has a market cap of $329.90 billion, a PE ratio of 22.05, a PEG ratio of 2.26 and a beta of 0.98.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $34.64 billion. During the same quarter in the previous year, the business earned $3.30 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. Analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

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

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of 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 can be accessed through this hyperlink. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at $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 the business’s stock in a transaction dated Thursday, February 22nd. The shares were 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 directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Institutional Trading of Home Depot

Several hedge funds have recently bought and sold shares of the stock. Bare Financial Services Inc bought a new position in shares of Home Depot in the fourth quarter worth about $26,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot in the fourth quarter worth about $27,000. Keener Financial Planning LLC bought a new position in shares of Home Depot in the fourth quarter worth about $31,000. PFG Private Wealth Management LLC boosted its stake in shares of Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 32 shares during the period. Finally, Gilfoyle & Co LLC bought a new position in shares of Home Depot in the fourth quarter worth about $35,000. Institutional investors 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.