Home Depot (NYSE:HD) Shares Down 0.3% – Time to Sell?

Shares of The Home Depot, Inc. (NYSE:HD) traded down 0.3% on Wednesday . The stock traded as low as $416.80 and last traded at $417.57. 445,279 shares were traded during mid-day trading, a decline of 86% from the average session volume of 3,092,884 shares. The stock had previously closed at $418.83.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays increased their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and raised their target price for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. DA Davidson raised their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley raised their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Guggenheim raised their target price on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Performance

The company has a market capitalization of $410.64 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 4.32 and a beta of 1.05. The stock has a 50-day moving average price of $407.66 and a 200-day moving average price of $391.78. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

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

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.25 per share. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.18%. Home Depot’s dividend payout ratio (DPR) is currently 61.14%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $402.58, for a total transaction of $40,258.00. Following the transaction, the executive vice president now owns 12,465 shares in the company, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares in the company, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,188 shares of company stock worth $15,624,585. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Home Depot

A number of large investors have recently modified their holdings of the business. Jmac Enterprises LLC increased its stake in shares of Home Depot by 0.7% in the fourth quarter. Jmac Enterprises LLC now owns 5,096 shares of the home improvement retailer’s stock valued at $1,982,000 after buying an additional 33 shares during the period. Great Lakes Retirement Inc. grew its holdings in Home Depot by 2.7% during the 4th quarter. Great Lakes Retirement Inc. now owns 5,371 shares of the home improvement retailer’s stock worth $2,089,000 after acquiring an additional 140 shares during the last quarter. Kentucky Trust Co bought a new stake in Home Depot during the 4th quarter worth approximately $1,353,000. Valley Brook Capital Group Inc. increased its position in Home Depot by 0.6% in the 4th quarter. Valley Brook Capital Group Inc. now owns 12,807 shares of the home improvement retailer’s stock valued at $4,982,000 after acquiring an additional 73 shares during the period. Finally, Certuity LLC raised its stake in shares of Home Depot by 20.7% during the fourth quarter. Certuity LLC now owns 3,361 shares of the home improvement retailer’s stock valued at $1,307,000 after acquiring an additional 576 shares during the last quarter. Institutional investors and hedge funds 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.