Home Depot (NYSE:HD) Shares Up 1.4% - Still a Buy?

The Home Depot, Inc. (NYSE:HD - Get Free Report) rose 1.4% on Monday . The stock traded as high as $400.48 and last traded at $398.01. Approximately 584,449 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 3,341,833 shares. The stock had previously closed at $392.59.

Wall Street Analyst Weigh In

HD has been the subject of several analyst reports. Telsey Advisory Group reissued a "market perform" rating and set a $360.00 price target on shares of Home Depot in a report on Thursday, September 12th. DA Davidson upped their target price on shares of Home Depot from $430.00 to $466.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. UBS Group upped 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. Finally, TD Cowen upped their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $413.48.

Home Depot Price Performance

The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The stock has a market capitalization of $392.92 billion, a PE ratio of 26.62, a P/E/G ratio of 2.73 and a beta of 1.01. The stock's 50-day moving average is $392.94 and its 200 day moving average is $362.47.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts' consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. During the same period in the prior year, the business posted $4.65 earnings per share. Home Depot's revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.28%. Home Depot's dividend payout ratio is currently 60.57%.

Institutional Trading of Home Depot

A number of institutional investors and hedge funds have recently made changes to their positions in HD. International Assets Investment Management LLC raised its holdings in Home Depot by 51,250.1% in the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer's stock worth $35,575,880,000 after acquiring an additional 8,762,735 shares during the period. Wulff Hansen & CO. increased its stake in shares of Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer's stock worth $509,081,000 after purchasing an additional 1,474,459 shares during the period. Alphinity Investment Management Pty Ltd acquired a new position in shares of Home Depot during the 1st quarter worth about $513,016,000. Price T Rowe Associates Inc. MD boosted its stake in Home Depot by 15.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer's stock valued at $2,853,143,000 after purchasing an additional 971,833 shares during the period. Finally, Swedbank AB acquired a new stake in Home Depot in the 1st quarter valued at approximately $301,364,000. 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.