Home Depot (NYSE:HD) Trading Up 1.1% – Should You Buy?

The Home Depot, Inc. (NYSE:HD)’s stock price was up 1.1% during mid-day trading on Tuesday . The company traded as high as $394.20 and last traded at $393.29. 690,166 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 2,810,217 shares. The stock had previously closed at $389.18.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research note on Monday, November 11th. Wells Fargo & Company boosted their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. DA Davidson increased their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Melius Research initiated coverage on Home Depot in a research note on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Finally, Evercore ISI increased their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Up 0.4 %

The stock has a 50 day moving average price of $406.03 and a 200 day moving average price of $386.31. 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 company has a market capitalization of $388.09 billion, a P/E ratio of 26.54, a PEG ratio of 2.90 and a beta of 1.05.

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

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Wednesday, November 27th. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Buying and Selling at Home Depot

In related news, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction 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 transaction, the executive vice president now owns 12,465 shares of the company’s stock, 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 is accessible through this link. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,188 shares of company stock worth $15,624,585 over the last three months. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Home Depot

Several institutional investors and hedge funds have recently bought and sold shares of HD. Brown Brothers Harriman & Co. lifted its stake in Home Depot by 7.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 34,539 shares of the home improvement retailer’s stock valued at $11,890,000 after acquiring an additional 2,434 shares during the period. Fairfield Financial Advisors LTD purchased a new stake in Home Depot during the 2nd quarter valued at approximately $82,000. Marble Harbor Investment Counsel LLC boosted its position in shares of Home Depot by 2.2% during the second quarter. Marble Harbor Investment Counsel LLC now owns 9,185 shares of the home improvement retailer’s stock worth $3,162,000 after acquiring an additional 200 shares during the last quarter. Bcwm LLC increased its holdings in Home Depot by 15.6% in the 2nd quarter. Bcwm LLC now owns 27,489 shares of the home improvement retailer’s stock valued at $9,463,000 after acquiring an additional 3,718 shares during the last quarter. Finally, Capital Wealth Planning LLC boosted its holdings in shares of Home Depot by 6.9% during the 2nd quarter. Capital Wealth Planning LLC now owns 1,419,580 shares of the home improvement retailer’s stock valued at $488,676,000 after purchasing an additional 91,267 shares during the last quarter. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

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.