Home Depot (NYSE:HD) Stock Price Up 0% - Time to Buy?

The Home Depot, Inc. (NYSE:HD - Get Free Report) shares rose 0% during mid-day trading on Wednesday . The stock traded as high as $416.84 and last traded at $415.69. Approximately 458,695 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 3,369,330 shares. The stock had previously closed at $415.58.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HD. UBS Group upped their price objective 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. Daiwa America upgraded Home Depot to a "hold" rating in a research report on Thursday, August 15th. Jefferies Financial Group started coverage on Home Depot in a research note on Tuesday, July 16th. They issued a "buy" rating and a $426.00 price objective for the company. Truist Financial increased their target price on Home Depot from $395.00 to $455.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Loop Capital raised 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, Home Depot currently has a consensus rating of "Moderate Buy" and a consensus target price of $404.69.

Home Depot Stock Up 0.7 %

The company has a market capitalization of $415.10 billion, a PE ratio of 28.08, a P/E/G ratio of 2.88 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The firm has a 50 day simple moving average of $380.90 and a two-hundred day simple moving average of $357.37.

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

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.15%. Home Depot's payout ratio is currently 60.36%.

Institutional Trading of Home Depot

Several hedge funds have recently modified their holdings of the business. Abacus Wealth Partners LLC boosted its position in Home Depot by 3.7% in the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer's stock valued at $285,000 after buying an additional 25 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in shares of Home Depot by 0.7% during the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer's stock valued at $1,469,000 after acquiring an additional 25 shares during the period. Ruedi Wealth Management Inc. boosted its holdings in Home Depot by 1.2% in the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer's stock valued at $817,000 after acquiring an additional 27 shares during the last quarter. Acorn Creek Capital LLC increased its position in Home Depot by 3.4% in the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer's stock worth $291,000 after purchasing an additional 28 shares during the period. Finally, Talisman Wealth Advisors LLC lifted its position in Home Depot by 1.2% during the 1st quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer's stock valued at $915,000 after purchasing an additional 29 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

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.