Home Depot (NYSE:HD) Trading Up 0.3% – Time to Buy?

The Home Depot, Inc. (NYSE:HD)’s stock price was up 0.3% during mid-day trading on Friday . The stock traded as high as $429.95 and last traded at $428.68. Approximately 612,695 shares changed hands during trading, a decline of 82% from the average daily volume of 3,380,269 shares. The stock had previously closed at $427.19.

Analyst Ratings Changes

Several analysts have issued reports on HD shares. TD Cowen boosted their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Evercore ISI boosted their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus boosted their price objective on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Melius Research started coverage on Home Depot in a research report on Monday, September 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

The firm has a fifty day moving average price of $406.69 and a 200 day moving average price of $371.20. 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 stock has a market cap of $427.62 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 2.97 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.81 EPS. Research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $2.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a yield of 2.09%. Home Depot’s dividend payout ratio (DPR) is 61.14%.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of Home Depot stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Home Depot

Large investors have recently bought and sold shares of the company. Old North State Trust LLC boosted its holdings in shares of Home Depot by 1.6% during the 3rd quarter. Old North State Trust LLC now owns 3,902 shares of the home improvement retailer’s stock worth $1,581,000 after purchasing an additional 61 shares during the last quarter. Asset Advisors Investment Management LLC boosted its holdings in shares of Home Depot by 3.3% during the 3rd quarter. Asset Advisors Investment Management LLC now owns 17,990 shares of the home improvement retailer’s stock worth $7,290,000 after purchasing an additional 579 shares during the last quarter. Destination Wealth Management boosted its holdings in shares of Home Depot by 11.9% during the 3rd quarter. Destination Wealth Management now owns 4,616 shares of the home improvement retailer’s stock worth $1,870,000 after purchasing an additional 491 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Home Depot by 80.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 63,324 shares of the home improvement retailer’s stock worth $25,659,000 after purchasing an additional 28,208 shares during the last quarter. Finally, Arvest Bank Trust Division acquired a new position in shares of Home Depot during the 3rd quarter worth approximately $840,000. 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.