Home Depot (NYSE:HD) Trading Down 0.1%

The Home Depot, Inc. (NYSE:HD)’s stock price dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $404.96 and last traded at $408.46. Approximately 629,651 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 3,374,855 shares. The stock had previously closed at $409.05.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HD. DA Davidson boosted their price target on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Oppenheimer raised their price objective on Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Stifel Nicolaus lowered their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective for the company. Finally, UBS Group upped their price target on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $396.23.

Home Depot Stock Performance

The company has a market cap of $406.25 billion, a PE ratio of 27.42, a PEG ratio of 2.71 and a beta of 1.00. The business’s 50-day moving average is $369.92 and its 200 day moving average is $355.36. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $4.65 earnings per share. On average, equities research analysts predict that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is 60.36%.

Institutional Trading of Home Depot

Several large investors have recently added to or reduced their stakes in the stock. Fairway Wealth LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth about $25,000. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the fourth quarter worth approximately $27,000. Kings Path Partners LLC purchased a new stake in Home Depot in the second quarter worth approximately $33,000. A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot in the 1st quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot during the 4th quarter valued at $39,000. 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.