Home Depot (NYSE:HD) Shares Down 0.4% – Time to Sell?

The Home Depot, Inc. (NYSE:HD)’s share price fell 0.4% during mid-day trading on Tuesday . The stock traded as low as $386.49 and last traded at $387.87. 499,790 shares were traded during trading, a decline of 76% from the average session volume of 2,080,584 shares. The stock had previously closed at $389.37.

Analyst Ratings Changes

HD has been the topic of a number of recent research reports. Truist Financial upped their target price on Home Depot from $459.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Royal Bank of Canada raised their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Bank of America increased their target price on Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Mizuho boosted their target price on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Guggenheim boosted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Price Performance

The company has a 50-day moving average price of $406.66 and a 200-day moving average price of $384.83. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market capitalization of $383.16 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 2.90 and a beta of 1.05.

Home Depot (NYSE:HD) last released its quarterly earnings results 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 company had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the prior year, the company earned $3.81 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.33%. Home Depot’s payout ratio is 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total transaction of $40,258.00. Following the completion of the transaction, the executive vice president now owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction 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 sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. This trade represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last quarter. 0.10% of the stock is owned by company insiders.

Institutional Trading of Home Depot

Hedge funds have recently bought and sold shares of the business. Spartan Planning & Wealth Management purchased a new stake in shares of Home Depot during the 4th quarter valued at $790,000. Diversified Trust Co increased its holdings in Home Depot by 21.5% in the 4th quarter. Diversified Trust Co now owns 47,804 shares of the home improvement retailer’s stock worth $18,596,000 after acquiring an additional 8,464 shares during the last quarter. Bangor Savings Bank raised its stake in Home Depot by 0.8% in the 4th quarter. Bangor Savings Bank now owns 3,609 shares of the home improvement retailer’s stock valued at $1,404,000 after acquiring an additional 30 shares during the period. Canandaigua National Trust Co of Florida boosted its position in Home Depot by 12.2% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,436 shares of the home improvement retailer’s stock worth $948,000 after purchasing an additional 265 shares during the period. Finally, Fortem Financial Group LLC raised its position in shares of Home Depot by 1.8% in the fourth quarter. Fortem Financial Group LLC now owns 1,652 shares of the home improvement retailer’s stock valued at $643,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds 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.