Home Depot (NYSE:HD) Trading Down 0.1%

Shares of The Home Depot, Inc. (NYSE:HD) were down 0.1% during mid-day trading on Friday . The company traded as low as $325.22 and last traded at $326.60. Approximately 627,256 shares were traded during trading, a decline of 81% from the average daily volume of 3,373,491 shares. The stock had previously closed at $326.89.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. TD Cowen reduced their price objective on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Wedbush reaffirmed an “outperform” rating and set a $410.00 price target on shares of Home Depot in a research report on Friday, May 10th. DA Davidson reiterated a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a report on Monday, April 1st. Raymond James restated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. Finally, Truist Financial lowered their price target on shares of Home Depot from $417.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $377.46.

Home Depot Stock Performance

The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The business has a 50 day moving average price of $350.54 and a 200 day moving average price of $347.93. The stock has a market capitalization of $322.37 billion, a PE ratio of 21.80, a PEG ratio of 2.25 and a beta of 1.01.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $36.42 billion for the quarter, compared to analysts’ expectations of $36.65 billion. During the same period in the prior year, the firm posted $3.82 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts expect that The Home Depot, Inc. will post 15.31 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, May 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Insiders Place Their Bets

In related news, EVP Matt Carey sold 56,008 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Trading of Home Depot

A number of large investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC grew its holdings in shares of Home Depot by 35.3% in the first quarter. Cetera Advisors LLC now owns 166,103 shares of the home improvement retailer’s stock valued at $63,717,000 after purchasing an additional 43,329 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Home Depot by 378.8% in the 1st quarter. Cetera Investment Advisers now owns 445,383 shares of the home improvement retailer’s stock worth $170,849,000 after buying an additional 352,372 shares during the last quarter. Invst LLC increased its stake in Home Depot by 3.7% during the first quarter. Invst LLC now owns 5,985 shares of the home improvement retailer’s stock worth $2,203,000 after acquiring an additional 212 shares during the last quarter. PGGM Investments raised its position in Home Depot by 264.1% during the first quarter. PGGM Investments now owns 20,041 shares of the home improvement retailer’s stock valued at $7,688,000 after purchasing an additional 14,536 shares during the period. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Home Depot in the 1st quarter valued at approximately $49,000. 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.