Home Depot (NYSE:HD) Shares Down 0.1% - Should You Sell?

The Home Depot, Inc. (NYSE:HD - Get Free Report)'s share price dropped 0.1% on Monday . The stock traded as low as $414.49 and last traded at $416.70. Approximately 509,638 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 3,359,661 shares. The stock had previously closed at $416.98.

Wall Street Analyst Weigh In

Several analysts have commented on HD shares. Loop Capital upgraded Home Depot from a "hold" rating to a "buy" rating and increased their target price for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Barclays lifted their price objective on Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Piper Sandler boosted their target price on Home Depot from $387.00 to $455.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Wells Fargo & Company raised 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, Morgan Stanley boosted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a report on Monday, October 21st. One equities 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $426.00.

Home Depot Trading Down 1.5 %

The company's 50 day simple moving average is $411.84 and its 200-day simple moving average is $379.27. The firm has a market cap of $408.05 billion, a P/E ratio of 27.91, a P/E/G ratio of 2.93 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping 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 firm had revenue of $40.22 billion for the quarter, compared to analysts' expectations of $39.31 billion. During the same period in the prior year, the business posted $3.81 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were issued a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. Home Depot's payout ratio is currently 61.14%.

Insider Buying and Selling at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the sale, the executive vice president now owns 77,475 shares of the company's stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the sale, the executive vice president now directly owns 20,404 shares of the company's stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,188 shares of company stock valued at $15,624,585. Company insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new position in shares of Home Depot in the 2nd quarter valued at $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot in the second quarter valued at about $33,000. Denver PWM LLC purchased a new position in shares of Home Depot in the second quarter worth about $40,000. Legacy Investment Solutions LLC acquired a new stake in shares of Home Depot during the third quarter worth about $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot in the third quarter valued at approximately $46,000. 70.86% of the stock is currently owned by hedge funds and other 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.