Home Depot (NYSE:HD) Shares Down 0.7%

The Home Depot, Inc. (NYSE:HD - Get Free Report) shares fell 0.7% during mid-day trading on Tuesday . The stock traded as low as $336.60 and last traded at $337.25. 427,291 shares changed hands during trading, a decline of 88% from the average session volume of 3,419,993 shares. The stock had previously closed at $339.60.

Wall Street Analyst Weigh In

Several research firms have weighed in on HD. Telsey Advisory Group reissued a "market perform" rating and set a $360.00 target price on shares of Home Depot in a research report on Tuesday, May 14th. Wedbush reissued an "outperform" rating and issued a $410.00 target price on shares of Home Depot in a research report on Friday, May 10th. StockNews.com cut Home Depot from a "buy" rating to a "hold" rating in a research report on Saturday, May 25th. Truist Financial cut their price objective on Home Depot from $417.00 to $406.00 and set a "buy" rating on the stock in a report on Wednesday, May 15th. Finally, Raymond James reaffirmed a "market perform" rating on shares of Home Depot in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $378.42.

Home Depot Trading Down 0.8 %

The company has a fifty day moving average of $338.58 and a 200-day moving average of $352.07. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The company has a market capitalization of $334.16 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 2.31 and a beta of 0.98.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same period in the previous year, the company posted $3.82 earnings per share. The business's revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot's dividend payout ratio (DPR) is 60.36%.

Insider Buying and Selling

In other news, EVP Matt Carey sold 56,008 shares of the business's stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now directly owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Cape Investment Advisory Inc. boosted its position in shares of Home Depot by 1.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer's stock valued at $680,000 after acquiring an additional 28 shares during the period. Optas LLC grew its position in Home Depot by 1.7% in the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer's stock worth $607,000 after purchasing an additional 29 shares during the last quarter. STAR Financial Bank increased its holdings in shares of Home Depot by 0.7% during the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer's stock worth $1,367,000 after purchasing an additional 29 shares during the period. Talisman Wealth Advisors LLC raised its position in shares of Home Depot by 1.2% during the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer's stock valued at $915,000 after buying an additional 29 shares during the last quarter. Finally, Harvest Investment Advisors LLC lifted its stake in shares of Home Depot by 0.8% in the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer's stock valued at $1,153,000 after buying an additional 30 shares during the period. 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.