Home Depot (NYSE:HD) Trading 0.1% Higher

The Home Depot, Inc. (NYSE:HD)’s stock price rose 0.1% on Monday . The stock traded as high as $362.35 and last traded at $359.84. Approximately 464,636 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 3,396,979 shares. The stock had previously closed at $359.51.

Wall Street Analyst Weigh In

Several analysts have issued reports on HD shares. HSBC dropped their price target on shares of Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a research report on Wednesday, May 15th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 target price on shares of Home Depot in a research note on Tuesday, May 14th. Evercore ISI increased their price target on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. Finally, Bank of America lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus price target of $381.80.

Home Depot Stock Performance

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’s 50 day moving average is $343.17 and its 200-day moving average is $353.27. The company has a market capitalization of $358.42 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the prior year, the firm posted $3.82 EPS. Home Depot’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts anticipate that The Home Depot, Inc. will post 15.3 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Insiders Place Their Bets

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Home Depot

Large investors have recently added to or reduced their stakes in the company. F M Investments LLC boosted its holdings in shares of Home Depot by 11,851.8% during the 2nd quarter. F M Investments LLC now owns 96,212 shares of the home improvement retailer’s stock valued at $33,117,000 after purchasing an additional 95,407 shares during the last quarter. Smith Chas P & Associates PA Cpas boosted its stake in Home Depot by 0.8% during the second quarter. Smith Chas P & Associates PA Cpas now owns 205,370 shares of the home improvement retailer’s stock valued at $70,696,000 after buying an additional 1,589 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in Home Depot by 130.9% during the second quarter. Panagora Asset Management Inc. now owns 459,152 shares of the home improvement retailer’s stock valued at $158,058,000 after buying an additional 260,300 shares during the last quarter. Schmidt P J Investment Management Inc. grew its holdings in Home Depot by 0.3% during the 2nd quarter. Schmidt P J Investment Management Inc. now owns 18,946 shares of the home improvement retailer’s stock valued at $6,522,000 after buying an additional 65 shares in the last quarter. Finally, Blue Chip Partners LLC increased its stake in Home Depot by 3.7% in the 2nd quarter. Blue Chip Partners LLC now owns 75,203 shares of the home improvement retailer’s stock worth $25,888,000 after acquiring an additional 2,703 shares during the last quarter. Hedge funds and other institutional investors 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.