Home Depot (NYSE:HD) Stock Price Up 0.9%

The Home Depot, Inc. (NYSE:HD - Get Free Report) rose 0.9% during mid-day trading on Monday . The stock traded as high as $361.73 and last traded at $361.10. Approximately 856,272 shares were traded during trading, a decline of 73% from the average daily volume of 3,220,316 shares. The stock had previously closed at $357.87.

Analysts Set New Price Targets

HD has been the topic of several research analyst reports. Zelman & Associates upgraded Home Depot from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 2nd. DA Davidson reaffirmed a "neutral" rating and set a $370.00 price target on shares of Home Depot in a report on Monday, April 1st. StockNews.com cut shares of Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, March 29th. Bank of America increased their price objective on shares of Home Depot from $400.00 to $425.00 and gave the company a "buy" rating in a research report on Monday, April 1st. Finally, HSBC reaffirmed a "reduce" rating and set a $323.00 target price on shares of Home Depot in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $376.35.

Home Depot Trading Up 1.2 %

The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The firm's 50-day moving average is $370.30 and its 200 day moving average is $336.89. The firm has a market capitalization of $358.80 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 2.38 and a beta of 0.98.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The business's revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.30 EPS. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot's previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a dividend yield of 2.49%. Home Depot's dividend payout ratio (DPR) is 59.60%.

Insider Buying and Selling

In other news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on 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 sale, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Edward P. Decker sold 35,987 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Home Depot

Several large investors have recently added to or reduced their stakes in HD. Emprise Bank purchased a new stake in Home Depot in the 1st quarter valued at $1,450,000. jvl associates llc bought a new stake in shares of Home Depot in the 1st quarter worth $542,000. Atlas Brown Inc. raised its holdings in shares of Home Depot by 7.8% in the first quarter. Atlas Brown Inc. now owns 11,748 shares of the home improvement retailer's stock valued at $4,507,000 after purchasing an additional 853 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its position in shares of Home Depot by 1.8% during the first quarter. Beese Fulmer Investment Management Inc. now owns 32,480 shares of the home improvement retailer's stock valued at $12,459,000 after purchasing an additional 566 shares in the last quarter. Finally, First Hawaiian Bank boosted its holdings in Home Depot by 8.3% during the first quarter. First Hawaiian Bank now owns 17,746 shares of the home improvement retailer's stock worth $6,807,000 after purchasing an additional 1,355 shares during the last quarter. Institutional investors own 70.86% of the company's stock.

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.