Home Depot (NYSE:HD) Trading Down 2.8% - What's Next?

The Home Depot, Inc. (NYSE:HD - Get Free Report) shares fell 2.8% during mid-day trading on Monday . The stock traded as low as $333.50 and last traded at $344.04. 2,175,764 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 3,453,649 shares. The stock had previously closed at $353.90.

Analyst Upgrades and Downgrades

HD has been the topic of a number of research analyst reports. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a research note on Monday, March 3rd. Wells Fargo & Company lifted their price target on Home Depot from $440.00 to $450.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Telsey Advisory Group restated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research note on Wednesday, February 26th. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and lifted their target price for the stock from $356.00 to $410.00 in a research report on Wednesday, February 26th. Finally, Guggenheim reiterated a "buy" rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $434.08.

Home Depot Stock Down 1.0 %

The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market capitalization of $348.17 billion, a P/E ratio of 23.75, a PEG ratio of 4.03 and a beta of 1.09. The firm's fifty day moving average price is $376.45 and its 200-day moving average price is $396.27.

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

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a dividend yield of 2.63%. Home Depot's dividend payout ratio (DPR) is 61.66%.

Institutional Trading of Home Depot

Hedge funds and other institutional investors have recently made changes to their positions in the business. City State Bank boosted its holdings in Home Depot by 2.8% during the first quarter. City State Bank now owns 4,749 shares of the home improvement retailer's stock worth $1,740,000 after buying an additional 130 shares in the last quarter. Horizon Wealth Management LLC boosted its stake in shares of Home Depot by 12.0% during the 1st quarter. Horizon Wealth Management LLC now owns 607 shares of the home improvement retailer's stock worth $223,000 after acquiring an additional 65 shares in the last quarter. Fortress Financial Group LLC grew its holdings in shares of Home Depot by 5.7% in the 1st quarter. Fortress Financial Group LLC now owns 630 shares of the home improvement retailer's stock worth $231,000 after acquiring an additional 34 shares during the last quarter. Constitution Capital LLC raised its position in shares of Home Depot by 3.0% during the first quarter. Constitution Capital LLC now owns 23,683 shares of the home improvement retailer's stock worth $8,680,000 after purchasing an additional 700 shares during the period. Finally, Udine Wealth Management Inc. lifted its holdings in shares of Home Depot by 6.8% during the first quarter. Udine Wealth Management Inc. now owns 5,898 shares of the home improvement retailer's stock valued at $2,162,000 after purchasing an additional 378 shares during 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.