Home Depot (NYSE:HD) Trading 0.4% Higher - What's Next?

The Home Depot, Inc. (NYSE:HD - Get Free Report) shares traded up 0.4% on Friday . The company traded as high as $417.61 and last traded at $416.02. 435,901 shares were traded during trading, a decline of 87% from the average session volume of 3,362,508 shares. The stock had previously closed at $414.42.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HD shares. Daiwa America raised Home Depot to a "hold" rating in a report on Thursday, August 15th. Oppenheimer raised their target price on Home Depot from $345.00 to $400.00 and gave the company a "market perform" rating in a research report on Tuesday, September 24th. Wells Fargo & Company increased their target price on Home Depot from $400.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Loop Capital upgraded shares of Home Depot from a "hold" rating to a "buy" rating and lifted their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. One 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 stock. According to MarketBeat, Home Depot presently has an average rating of "Moderate Buy" and a consensus price target of $426.00.

Home Depot Stock Up 0.8 %

The firm has a market capitalization of $414.89 billion, a PE ratio of 28.26, 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. The firm's 50 day moving average price is $411.62 and its two-hundred day moving average price is $377.35.

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

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot's dividend payout ratio is 61.14%.

Insiders Place Their Bets

In other news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares in the company, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the sale, the executive vice president now owns 12,465 shares of the company's stock, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last quarter. Insiders own 0.10% of the company's stock.

Hedge Funds Weigh In On Home Depot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Texas Capital Bank Wealth Management Services Inc raised its stake in shares of Home Depot by 27.6% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock valued at $9,348,000 after buying an additional 5,879 shares in the last quarter. Pegasus Asset Management Inc. raised its position in Home Depot by 1.8% in the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer's stock worth $2,024,000 after purchasing an additional 86 shares in the last quarter. Swedbank AB raised its position in Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer's stock worth $368,542,000 after purchasing an additional 132,967 shares in the last quarter. LGT Group Foundation lifted its stake in Home Depot by 121.0% during the second quarter. LGT Group Foundation now owns 269,368 shares of the home improvement retailer's stock worth $92,727,000 after purchasing an additional 147,482 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Home Depot by 14.3% during the third quarter. Cerity Partners LLC now owns 673,876 shares of the home improvement retailer's stock valued at $273,055,000 after purchasing an additional 84,062 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

Home Depot Company Profile

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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