Home Depot (NYSE:HD) Trading Up 0.1% - Here's What Happened

The Home Depot, Inc. (NYSE:HD - Get Free Report)'s share price traded up 0.1% on Friday . The stock traded as high as $412.92 and last traded at $410.54. 456,769 shares were traded during mid-day trading, a decline of 86% from the average session volume of 3,378,002 shares. The stock had previously closed at $409.96.

Analyst Upgrades and Downgrades

Several analysts have commented on HD shares. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a "buy" rating and a $426.00 target price for the company. Royal Bank of Canada decreased their target price on shares of Home Depot from $377.00 to $363.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 14th. UBS Group boosted their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Loop Capital raised shares of Home Depot from a "hold" rating to a "buy" rating and boosted their target price for the stock from $360.00 to $460.00 in a research report on Wednesday. Finally, Evercore ISI decreased their target price on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating for the company in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and a consensus target price of $402.38.

Home Depot Trading Up 0.5 %

The company has a market cap of $409.14 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.88 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The business's 50 day moving average price is $377.21 and its 200-day moving average price is $357.09.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts' expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.65 EPS. On average, research analysts forecast that The Home Depot, Inc. will post 15.01 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Thursday, August 29th. Home Depot's dividend payout ratio (DPR) is currently 60.57%.

Institutional Investors Weigh In On Home Depot

A number of hedge funds have recently made changes to their positions in the company. Texas Capital Bank Wealth Management Services Inc grew its holdings in Home Depot by 27.6% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer's stock worth $9,348,000 after acquiring an additional 5,879 shares during the last quarter. Empirical Finance LLC grew its holdings in Home Depot by 3.3% during the 1st quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer's stock worth $14,242,000 after acquiring an additional 1,195 shares during the last quarter. Commonwealth Retirement Investments LLC grew its holdings in Home Depot by 5.5% during the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer's stock worth $7,146,000 after acquiring an additional 965 shares during the last quarter. Leeward Financial Partners LLC grew its holdings in Home Depot by 7.3% during the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer's stock worth $4,001,000 after acquiring an additional 711 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. bought a new stake in Home Depot during the 4th quarter worth about $88,708,000. 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.