Home Depot (NYSE:HD) Stock Price Down 1.2% - Time to Sell?

Shares of The Home Depot, Inc. (NYSE:HD - Get Free Report) traded down 1.2% during mid-day trading on Friday . The company traded as low as $346.28 and last traded at $351.36. 1,703,551 shares were traded during trading, a decline of 47% from the average session volume of 3,196,815 shares. The stock had previously closed at $355.52.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HD. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Wedbush reaffirmed an "outperform" rating and set a $440.00 price target on shares of Home Depot in a research note on Wednesday, February 26th. Piper Sandler reduced their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research note on Monday. Guggenheim restated a "buy" rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $435.85.

Home Depot Price Performance

The stock has a market cap of $358.45 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 4.03 and a beta of 1.09. 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 is $393.97 and its 200 day moving average is $399.14.

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Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping analysts' consensus estimates of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same period in the prior year, the company earned $2.82 EPS. The firm's revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $2.30 per share. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Institutional Trading of Home Depot

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Home Depot by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 95,763,752 shares of the home improvement retailer's stock worth $37,251,142,000 after buying an additional 875,836 shares during the period. Geode Capital Management LLC lifted its stake in shares of Home Depot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after acquiring an additional 257,036 shares in the last quarter. Norges Bank purchased a new position in Home Depot in the fourth quarter valued at about $5,032,910,000. Capital Research Global Investors grew its stake in Home Depot by 5.5% during the 4th quarter. Capital Research Global Investors now owns 12,455,582 shares of the home improvement retailer's stock valued at $4,845,098,000 after purchasing an additional 647,552 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Home Depot by 13.3% during the 4th quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer's stock worth $4,726,186,000 after purchasing an additional 1,424,857 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

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.