Home Depot (NYSE:HD) Trading Down 1.1% – Should You Sell?

The Home Depot, Inc. (NYSE:HD)’s stock price was down 1.1% during trading on Friday . The company traded as low as $390.56 and last traded at $390.29. Approximately 767,452 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 2,940,080 shares. The stock had previously closed at $394.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Mizuho raised their price objective on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Telsey Advisory Group restated an “outperform” rating and set a $455.00 price target on shares of Home Depot in a research report on Thursday. Truist Financial increased their price objective on Home Depot from $465.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. raised their price objective on Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company upped their target price on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Trading Down 2.5 %

The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The stock has a market cap of $382.26 billion, a P/E ratio of 26.14, a PEG ratio of 4.03 and a beta of 1.05. The business’s 50 day simple moving average is $402.13 and its 200 day simple moving average is $397.54.

Institutional Investors Weigh In On Home Depot

Several large investors have recently modified their holdings of HD. Synergy Asset Management LLC bought a new stake in Home Depot during the fourth quarter worth about $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot during the 4th quarter worth approximately $28,000. Navigoe LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot in the fourth quarter valued at $32,000. Finally, Quarry LP increased its holdings in Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 66 shares during the last quarter. 70.86% of the stock is currently owned by 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.