Home Depot (NYSE:HD) Stock Price Up 0.1% - Time to Buy?

The Home Depot, Inc. (NYSE:HD - Get Free Report) was up 0.1% on Friday . The company traded as high as $380.34 and last traded at $379.11. Approximately 765,222 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 3,408,588 shares. The stock had previously closed at $378.63.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank of Canada reduced their price objective on Home Depot from $431.00 to $424.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. Gordon Haskett lowered Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Piper Sandler reduced their price objective on Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Telsey Advisory Group reiterated an "outperform" rating and set a $455.00 price objective on shares of Home Depot in a research report on Tuesday. Finally, KGI Securities upgraded Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Home Depot presently has an average rating of "Moderate Buy" and an average target price of $430.32.

Home Depot Trading Down 0.7%

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 firm has a fifty day simple moving average of $358.40 and a two-hundred day simple moving average of $387.85. The firm has a market cap of $374.59 billion, a PE ratio of 25.60, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter last year, the business posted $3.63 EPS. The company's quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.44%. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is 61.66%.

Institutional Investors Weigh In On Home Depot

Several institutional investors and hedge funds have recently bought and sold shares of the business. POM Investment Strategies LLC lifted its stake in shares of Home Depot by 1.1% in the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock valued at $824,000 after purchasing an additional 24 shares during the period. Center for Financial Planning Inc. lifted its stake in shares of Home Depot by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock valued at $1,810,000 after purchasing an additional 24 shares during the period. Marino Stram & Associates LLC lifted its stake in shares of Home Depot by 2.3% in the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after purchasing an additional 25 shares during the period. Live Oak Private Wealth LLC raised its stake in Home Depot by 0.5% during the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock valued at $1,912,000 after buying an additional 25 shares during the last quarter. Finally, Mezzasalma Advisors LLC raised its stake in Home Depot by 4.0% during the fourth quarter. Mezzasalma Advisors LLC now owns 655 shares of the home improvement retailer's stock valued at $255,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

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.