Home Depot (NYSE:HD) Stock Price Down 0.5% – Time to Sell?

The Home Depot, Inc. (NYSE:HD) was down 0.5% on Tuesday . The stock traded as low as $404.12 and last traded at $406.13. Approximately 1,862,703 shares changed hands during trading, a decline of 45% from the average daily volume of 3,365,540 shares. The stock had previously closed at $408.29.

Analyst Ratings Changes

A number of brokerages have issued reports on HD. Barclays lifted their target price on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. DA Davidson lifted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Bank of America lifted their price objective on shares of Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Oppenheimer boosted their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Performance

The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65. The company’s 50-day simple moving average is $397.67 and its 200-day simple moving average is $365.56. The stock has a market capitalization of $403.00 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.79 and a beta of 1.01.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period in the prior year, the firm posted $3.81 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.22%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Institutional Trading of Home Depot

A number of large investors have recently added to or reduced their stakes in HD. Fairway Wealth LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $25,000. Kings Path Partners LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $33,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot in the third quarter valued at approximately $46,000. Denver PWM LLC bought a new position in shares of Home Depot in the second quarter valued at approximately $40,000. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Home Depot by 68.0% in the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after acquiring an additional 51 shares during the period. Hedge funds and other 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.