Home Depot (NYSE:HD) Stock Price Up 0% - What's Next?

The Home Depot, Inc. (NYSE:HD - Get Free Report) shares traded up 0% during mid-day trading on Monday . The stock traded as high as $360.10 and last traded at $357.70. 439,055 shares traded hands during trading, a decline of 87% from the average session volume of 3,453,056 shares. The stock had previously closed at $357.58.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HD. Wells Fargo & Company lifted their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and increased their price objective for the company from $356.00 to $410.00 in a research note on Wednesday, February 26th. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Guggenheim reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. Finally, Piper Sandler cut their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Ten analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $434.08.

Home Depot Trading Up 0.4 %

The business's 50-day moving average price is $362.01 and its 200 day moving average price is $391.28. The firm has a market capitalization of $358.26 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 4.03 and a beta of 1.09. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.04 by $0.09. The firm had revenue of $39.70 billion for the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. Home Depot's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 earnings per share. On average, equities analysts forecast that The Home Depot, Inc. will post 15.13 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 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. The ex-dividend date was Thursday, March 13th. This represents a $9.20 annualized dividend and a yield of 2.55%. Home Depot's payout ratio is presently 61.66%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Synergy Asset Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the 4th quarter worth $28,000. Navigoe LLC acquired a new stake in Home Depot in the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Home Depot in the fourth quarter valued at $32,000. Finally, Abound Financial LLC acquired a new position in shares of Home Depot during the first quarter valued at $31,000. 70.86% of the stock is currently owned by 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.