Home Depot (NYSE:HD) Stock Price Up 0.6% - Here's What Happened

The Home Depot, Inc. (NYSE:HD - Get Free Report) shares rose 0.6% on Monday . The stock traded as high as $411.26 and last traded at $410.47. Approximately 352,245 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 3,367,979 shares. The stock had previously closed at $408.18.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HD. DA Davidson boosted their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Oppenheimer upped their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a report on Tuesday, September 24th. UBS Group increased their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Finally, Evercore ISI increased their price target on shares of Home Depot from $420.00 to $430.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat, Home Depot has an average rating of "Moderate Buy" and an average price target of $426.00.

Home Depot Stock Up 0.4 %

The business has a 50-day moving average of $399.51 and a 200-day moving average of $366.81. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The stock has a market capitalization of $407.02 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 2.84 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) 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 the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company earned $3.81 EPS. On average, sell-side analysts expect 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 will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, November 27th. Home Depot's payout ratio is presently 61.14%.

Insider Activity

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company's stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HD. Fairway Wealth LLC acquired a new position in Home Depot during the second quarter worth $25,000. Kings Path Partners LLC acquired a new position in Home Depot during the second quarter worth $33,000. Denver PWM LLC purchased a new stake in Home Depot during the second quarter worth $40,000. Legacy Investment Solutions LLC purchased a new stake in Home Depot during the third quarter worth $41,000. Finally, Livelsberger Financial Advisory purchased a new stake in Home Depot during the third quarter worth $46,000. Institutional investors and hedge funds 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.

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