The Home Depot, Inc. (NYSE:HD - Get Free Report)'s stock price fell 0.6% during trading on Wednesday . The company traded as low as $349.64 and last traded at $352.05. 481,800 shares traded hands during trading, a decline of 87% from the average session volume of 3,690,305 shares. The stock had previously closed at $354.11.
Analyst Upgrades and Downgrades
HD has been the subject of a number of research analyst reports. Robert W. Baird reduced their target price on shares of Home Depot from $440.00 to $430.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. boosted their target price on Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Guggenheim reissued a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. HSBC raised shares of Home Depot from a "reduce" rating to a "hold" rating and raised their target price for the company from $356.00 to $410.00 in a research report on Wednesday, February 26th. Finally, Piper Sandler decreased their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Ten analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $434.08.
Get Our Latest Stock Analysis on HD
Home Depot Price Performance
The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The company's fifty day moving average price is $369.30 and its 200 day moving average price is $394.20. The company has a market capitalization of $352.73 billion, a P/E ratio of 24.11, a PEG ratio of 4.03 and a beta of 1.09.
Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating analysts' consensus estimates of $3.04 by $0.09. The firm had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.82 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.
Home Depot Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is 61.66%.
Institutional Investors Weigh In On Home Depot
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Synergy Asset Management LLC bought a new position in Home Depot in the 4th quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in Home Depot during the 4th quarter worth $28,000. Navigoe LLC acquired a new position in Home Depot in the 4th quarter worth about $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot in the fourth quarter valued at about $32,000. Finally, Quarry LP boosted its stake in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 66 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.
About Home Depot
(
Get Free Report)
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.
See Also
Before you consider Home Depot, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Home Depot wasn't on the list.
While Home Depot currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
