Home Depot (NYSE:HD) Trading Up 0.4%

The Home Depot, Inc. (NYSE:HD)’s stock price was up 0.4% on Wednesday . The company traded as high as $366.78 and last traded at $365.11. Approximately 397,342 shares changed hands during trading, a decline of 88% from the average daily volume of 3,383,758 shares. The stock had previously closed at $363.69.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HD shares. DA Davidson upgraded shares of Home Depot from a “neutral” rating to a “buy” rating and increased their target price for the stock from $352.00 to $395.00 in a research report on Wednesday, June 26th. TD Cowen cut their price objective on shares of Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Raymond James restated a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Finally, UBS Group cut their price objective on shares of Home Depot from $411.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $381.80.

Home Depot Trading Up 1.2 %

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 firm’s 50 day moving average is $344.19 and its 200 day moving average is $353.36. The company has a market capitalization of $365.07 billion, a PE ratio of 24.49, a P/E/G ratio of 2.49 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the previous year, the firm earned $3.82 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts predict that The Home Depot, Inc. will post 15.3 EPS for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Insider Activity at Home Depot

In related news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction 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 sale, the executive vice president now owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Home Depot

Hedge funds have recently modified their holdings of the business. Bey Douglas LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $913,000. Hartline Investment Corp boosted its stake in Home Depot by 3.0% in the 4th quarter. Hartline Investment Corp now owns 15,574 shares of the home improvement retailer’s stock worth $5,397,000 after purchasing an additional 460 shares in the last quarter. Wolf Group Capital Advisors boosted its stake in Home Depot by 6.1% in the 4th quarter. Wolf Group Capital Advisors now owns 7,513 shares of the home improvement retailer’s stock worth $2,604,000 after purchasing an additional 430 shares in the last quarter. Sky Investment Group LLC boosted its stake in Home Depot by 0.3% in the 4th quarter. Sky Investment Group LLC now owns 22,176 shares of the home improvement retailer’s stock worth $7,685,000 after purchasing an additional 58 shares in the last quarter. Finally, Octavia Wealth Advisors LLC boosted its stake in Home Depot by 11.5% in the 4th quarter. Octavia Wealth Advisors LLC now owns 2,549 shares of the home improvement retailer’s stock worth $883,000 after purchasing an additional 263 shares in the last quarter. 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.