Home Depot (NYSE:HD) Trading Down 0.5%

The Home Depot, Inc. (NYSE:HD)’s stock price fell 0.5% on Tuesday . The stock traded as low as $333.20 and last traded at $335.15. 514,680 shares changed hands during trading, a decline of 84% from the average session volume of 3,310,537 shares. The stock had previously closed at $336.80.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays upgraded shares of Home Depot from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. Bank of America increased their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, April 1st. 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. DA Davidson reaffirmed a “neutral” rating and issued a $370.00 target price on shares of Home Depot in a research note on Monday, April 1st. Finally, Evercore ISI dropped their price objective on shares of Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. One 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, the company has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Stock Performance

The company has a 50 day simple moving average of $364.25 and a 200-day simple moving average of $341.58. The stock has a market capitalization of $331.24 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

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

Home Depot Increases Dividend

The firm also recently disclosed 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 an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.69%. Home Depot’s dividend payout ratio (DPR) is presently 59.60%.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $13,265,887.81. Following the completion of 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 owned by company insiders.

Institutional Investors Weigh In On Home Depot

A number of hedge funds have recently made changes to their positions in the stock. Bare Financial Services Inc purchased a new stake in Home Depot during the 4th quarter worth approximately $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the fourth quarter valued at $27,000. Keener Financial Planning LLC acquired a new position in shares of Home Depot in the fourth quarter worth about $31,000. PFG Private Wealth Management LLC grew its position in shares of 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 valued at $32,000 after acquiring an additional 32 shares during the period. Finally, Gilfoyle & Co LLC purchased a new position in shares of Home Depot in the 4th quarter valued at about $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.