Home Depot (NYSE:HD) Trading Down 0.5% - What's Next?

The Home Depot, Inc. (NYSE:HD - Get Free Report) shares fell 0.5% on Tuesday . The stock traded as low as $407.08 and last traded at $408.75. 553,121 shares changed hands during trading, a decline of 84% from the average session volume of 3,357,994 shares. The stock had previously closed at $410.71.

Analyst Upgrades and Downgrades

HD has been the topic of a number of analyst reports. Truist Financial raised their price objective on shares of Home Depot from $459.00 to $465.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Gordon Haskett raised Home Depot from an "accumulate" rating to a "buy" rating and set a $450.00 price objective on the stock in a report on Wednesday, October 2nd. Royal Bank of Canada upped their target price on Home Depot from $363.00 to $413.00 and gave the stock a "sector perform" rating in a research note on Monday, November 11th. Oppenheimer lifted their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a research note on Tuesday, September 24th. Finally, Bank of America upped their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Stock Performance

The stock has a market capitalization of $405.76 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 2.93 and a beta of 1.03. The firm's fifty day moving average is $411.73 and its 200-day moving average is $379.79. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's payout ratio is 61.14%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This represents a 0.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company's stock, valued at $31,727,562. The trade was 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 valued at $15,624,585 in the last three months. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Abacus Wealth Partners LLC grew its position in shares of Home Depot by 3.7% in the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer's stock valued at $285,000 after buying an additional 25 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Home Depot by 0.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer's stock worth $1,469,000 after acquiring an additional 25 shares during the period. Insight Inv LLC lifted its stake in shares of Home Depot by 2.0% in the third quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock worth $505,000 after acquiring an additional 25 shares during the period. Capital City Trust Co. FL boosted its holdings in Home Depot by 1.1% in the third quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer's stock valued at $1,011,000 after acquiring an additional 26 shares during the last quarter. Finally, Consolidated Portfolio Review Corp raised its holdings in Home Depot by 1.9% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 1,524 shares of the home improvement retailer's stock worth $617,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

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.