Home Depot (NYSE:HD) Trading Up 0.5%

The Home Depot, Inc. (NYSE:HD) shot up 0.5% on Friday . The stock traded as high as $335.87 and last traded at $334.66. 685,368 shares were traded during mid-day trading, a decline of 79% from the average session volume of 3,317,530 shares. The stock had previously closed at $332.89.

Analyst Ratings Changes

A number of research analysts have issued reports on HD shares. Stifel Nicolaus upped their price objective on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Mizuho assumed coverage on shares of Home Depot in a research note on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target for the company. Bank of America increased their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Truist Financial reissued a “buy” rating and issued a $417.00 price objective on shares of Home Depot in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Trading Up 0.3 %

The stock has a market cap of $330.79 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The firm has a 50-day moving average price of $367.92 and a 200-day moving average price of $338.97. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating the consensus estimate of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $3.30 EPS. As a group, equities analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Insider Activity at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Home Depot

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bare Financial Services Inc bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $26,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot during the 4th quarter worth $27,000. Fairfield Bush & CO. bought a new stake in Home Depot during the 1st quarter valued at $27,000. KB Financial Partners LLC purchased a new stake in shares of Home Depot in the 1st quarter worth $28,000. Finally, Keener Financial Planning LLC bought a new position in shares of Home Depot during the 4th quarter worth $31,000. 70.86% of the stock is owned by 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.