Home Depot (NYSE:HD) Trading Down 0% – Here’s What Happened

Shares of The Home Depot, Inc. (NYSE:HD) were down 0% during trading on Thursday . The stock traded as low as $405.58 and last traded at $410.03. Approximately 525,328 shares traded hands during trading, a decline of 84% from the average daily volume of 3,369,435 shares. The stock had previously closed at $410.19.

Analyst Ratings Changes

Several analysts have weighed in on HD shares. Truist Financial boosted their price target on shares of Home Depot from $459.00 to $465.00 and gave the stock a “buy” rating in a research note on Wednesday. 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. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. Melius Research assumed coverage on Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Finally, Evercore ISI raised their target price on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Trading Down 0.5 %

The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The firm has a market cap of $405.22 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.79 and a beta of 1.01. The stock has a 50-day simple moving average of $397.67 and a two-hundred day simple moving average of $365.56.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, beating 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 firm had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same period in the previous year, the company earned $3.81 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 14.99 EPS for the current year.

Hedge Funds Weigh In On Home Depot

Several institutional investors and hedge funds have recently bought and sold shares of HD. Kingfisher Capital LLC lifted its position in shares of Home Depot by 1.3% during the 3rd quarter. Kingfisher Capital LLC now owns 5,099 shares of the home improvement retailer’s stock valued at $2,066,000 after buying an additional 66 shares in the last quarter. Infusive Asset Management Inc. raised its stake in Home Depot by 37.0% during the 3rd quarter. Infusive Asset Management Inc. now owns 17,617 shares of the home improvement retailer’s stock worth $7,138,000 after acquiring an additional 4,762 shares during the period. Icon Wealth Advisors LLC lifted its holdings in Home Depot by 4.6% during the third quarter. Icon Wealth Advisors LLC now owns 15,592 shares of the home improvement retailer’s stock valued at $6,318,000 after purchasing an additional 690 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Home Depot by 2.4% in the third quarter. Rockefeller Capital Management L.P. now owns 620,673 shares of the home improvement retailer’s stock worth $251,444,000 after purchasing an additional 14,252 shares during the period. Finally, CWS Financial Advisors LLC increased its stake in shares of Home Depot by 3.9% in the third quarter. CWS Financial Advisors LLC now owns 2,284 shares of the home improvement retailer’s stock worth $925,000 after purchasing an additional 85 shares in the last quarter. 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.