Home Depot (NYSE:HD) Stock Price Down 0.1% – Time to Sell?

The Home Depot, Inc. (NYSE:HD)’s share price traded down 0.1% during trading on Friday . The stock traded as low as $402.90 and last traded at $405.18. 645,641 shares traded hands during trading, a decline of 81% from the average session volume of 3,369,880 shares. The stock had previously closed at $405.72.

Wall Street Analyst Weigh In

HD has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Mizuho boosted their target price on Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday. Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price target on the stock. Stifel Nicolaus raised their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday. Finally, DA Davidson raised their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Price Performance

The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The stock has a market cap of $404.91 billion, a P/E ratio of 27.53, a P/E/G ratio of 2.83 and a beta of 1.01. The firm has a 50 day moving average price of $398.55 and a 200 day moving average price of $365.84.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the previous year, the business posted $3.81 earnings per share. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts forecast that The Home Depot, Inc. will post 15.06 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.21%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Institutional Investors Weigh In On Home Depot

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in shares of Home Depot by 51,250.1% during the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after acquiring an additional 8,762,735 shares in the last quarter. Wulff Hansen & CO. raised its holdings 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 buying an additional 1,474,459 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Home Depot by 15.0% in 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 acquiring an additional 971,833 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Home Depot during the third quarter worth about $336,231,000. Finally, FMR LLC increased its holdings in Home Depot by 10.1% in the 3rd quarter. FMR LLC now owns 8,679,237 shares of the home improvement retailer’s stock worth $3,516,827,000 after buying an additional 795,438 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

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.