Home Depot (NYSE:HD) Trading 0.4% Higher

The Home Depot, Inc. (NYSE:HD)’s stock price traded up 0.4% during trading on Wednesday . The company traded as high as $341.71 and last traded at $339.68. 653,133 shares were traded during trading, a decline of 81% from the average session volume of 3,425,553 shares. The stock had previously closed at $338.32.

Analyst Ratings Changes

A number of research analysts recently weighed in on HD shares. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research report on Wednesday, May 15th. UBS Group decreased their target price 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. Wells Fargo & Company decreased their price objective on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. TD Cowen decreased 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. Finally, Evercore ISI lifted their price objective on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $378.42.

Home Depot Stock Down 0.1 %

The stock’s fifty day simple moving average is $338.15 and its two-hundred day simple moving average is $352.59. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The stock has a market capitalization of $338.62 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $36.65 billion. During the same period in the prior year, the firm posted $3.82 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, research analysts expect that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HD. Bare Financial Services Inc acquired a new position in shares of Home Depot during the 4th quarter valued at $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot during the fourth quarter worth $27,000. Keener Financial Planning LLC acquired a new position in Home Depot during the fourth quarter worth $31,000. PFG Private Wealth Management LLC raised its holdings in Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in Home Depot during the fourth quarter worth $35,000. Institutional investors and hedge funds 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.