Home Depot (NYSE:HD) Stock Price Down 0.1% - Here's What Happened

The Home Depot, Inc. (NYSE:HD - Get Free Report) dropped 0.1% during mid-day trading on Monday . The stock traded as low as $387.70 and last traded at $389.65. Approximately 1,248,451 shares were traded during trading, a decline of 55% from the average daily volume of 2,772,574 shares. The stock had previously closed at $389.89.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HD shares. Stifel Nicolaus boosted their price target on Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a report on Monday, November 11th. TD Cowen boosted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Morgan Stanley raised their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price target on shares of Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Finally, Telsey Advisory Group upgraded shares of Home Depot from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Price Performance

The stock has a 50-day moving average of $406.03 and a two-hundred day moving average of $386.31. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The firm has a market cap of $387.06 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analysts' expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot's revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.81 earnings per share. On average, analysts anticipate that The Home Depot, Inc. will post 15.12 EPS for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's payout ratio is presently 61.14%.

Insiders Place Their Bets

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company's stock, valued at $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company's stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Abacus Wealth Partners LLC raised its position in Home Depot by 3.7% during the third quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer's stock valued at $285,000 after purchasing an additional 25 shares during the period. Redhawk Wealth Advisors Inc. increased its position in shares of Home Depot by 0.7% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer's stock valued at $1,469,000 after purchasing an additional 25 shares during the last quarter. Insight Inv LLC increased its position in shares of Home Depot by 2.0% during the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock valued at $505,000 after purchasing an additional 25 shares during the last quarter. Capital City Trust Co. FL raised its holdings in Home Depot by 1.1% during the 3rd quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer's stock valued at $1,011,000 after buying an additional 26 shares during the period. Finally, Highline Wealth Partners LLC lifted its position in Home Depot by 0.4% in the fourth quarter. Highline Wealth Partners LLC now owns 5,962 shares of the home improvement retailer's stock worth $2,319,000 after buying an additional 26 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

About Home Depot

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.