Home Depot (NYSE:HD) Shares Down 1% – Time to Sell?

The Home Depot, Inc. (NYSE:HD) traded down 1% during trading on Monday . The stock traded as low as $387.03 and last traded at $388.87. 436,116 shares traded hands during trading, a decline of 87% from the average session volume of 3,386,483 shares. The stock had previously closed at $392.60.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HD shares. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $360.00 to $455.00 in a research note on Friday, November 8th. Truist Financial lifted their price objective on shares of Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Melius Research started coverage on Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their price target for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. Finally, Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Price Performance

The stock has a market capitalization of $393.51 billion, a PE ratio of 26.91, a PEG ratio of 2.93 and a beta of 1.03. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The business has a fifty day moving average price of $409.53 and a 200-day moving average price of $382.01.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $3.81 earnings per share. Research analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.27%. The ex-dividend date was Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares in the company, valued at approximately $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. This represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,188 shares of company stock worth $15,624,585 over the last three months. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Hedge funds have recently modified their holdings of the company. Lantz Financial LLC raised its holdings in shares of Home Depot by 1.5% during the second quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock valued at $2,069,000 after acquiring an additional 89 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Home Depot by 4.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 493,999 shares of the home improvement retailer’s stock worth $170,054,000 after purchasing an additional 19,848 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Home Depot by 1.1% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 17,057 shares of the home improvement retailer’s stock valued at $5,872,000 after purchasing an additional 184 shares in the last quarter. FAS Wealth Partners Inc. boosted its stake in shares of Home Depot by 2.8% during the 2nd quarter. FAS Wealth Partners Inc. now owns 11,774 shares of the home improvement retailer’s stock valued at $4,053,000 after purchasing an additional 316 shares in the last quarter. Finally, Blue Chip Partners LLC increased its position in shares of Home Depot by 3.7% during the second quarter. Blue Chip Partners LLC now owns 75,203 shares of the home improvement retailer’s stock valued at $25,888,000 after buying an additional 2,703 shares during the period. Hedge funds and other institutional investors 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.