Home Depot (NYSE:HD) Trading 0.3% Higher

The Home Depot, Inc. (NYSE:HD)’s stock price traded up 0.3% during mid-day trading on Thursday . The company traded as high as $336.00 and last traded at $333.03. 482,631 shares were traded during mid-day trading, a decline of 85% from the average session volume of 3,306,985 shares. The stock had previously closed at $331.97.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent analyst reports. Evercore ISI decreased their price target on Home Depot from $420.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. HSBC reiterated a “reduce” rating and set a $323.00 target price on shares of Home Depot in a research report on Wednesday, April 3rd. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $325.00 to $372.00 in a report on Thursday, January 4th. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a research note on Wednesday, February 14th. Finally, Stifel Nicolaus upped their target price on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Trading Up 0.7 %

The company’s fifty day simple moving average is $363.04 and its two-hundred day simple moving average is $341.81. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The company has a market capitalization of $331.21 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.23 and a beta of 1.01.

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

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio (DPR) is 59.60%.

Insider Activity

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

Hedge Funds Weigh In On Home Depot

A number of institutional investors have recently added to or reduced their stakes in the stock. Modus Advisors LLC grew its holdings in Home Depot by 2.4% during the 3rd quarter. Modus Advisors LLC now owns 8,372 shares of the home improvement retailer’s stock worth $2,530,000 after acquiring an additional 197 shares during the last quarter. Signet Investment Advisory Group Inc. grew its holdings in Home Depot by 3.8% during the 3rd quarter. Signet Investment Advisory Group Inc. now owns 7,492 shares of the home improvement retailer’s stock worth $2,264,000 after acquiring an additional 277 shares during the last quarter. Bfsg LLC boosted its stake in shares of Home Depot by 3.6% in the 3rd quarter. Bfsg LLC now owns 16,925 shares of the home improvement retailer’s stock valued at $5,114,000 after purchasing an additional 585 shares during the last quarter. One Day In July LLC acquired a new position in shares of Home Depot during the 3rd quarter valued at $332,000. Finally, Avestar Capital LLC lifted its position in shares of Home Depot by 6.6% during the 3rd quarter. Avestar Capital LLC now owns 4,446 shares of the home improvement retailer’s stock valued at $1,343,000 after acquiring an additional 276 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.