Home Depot (NYSE:HD) Trading Up 0.9%

Shares of The Home Depot, Inc. (NYSE:HD - Get Free Report) were up 0.9% during trading on Thursday . The stock traded as high as $336.20 and last traded at $335.76. Approximately 694,563 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 3,313,246 shares. The stock had previously closed at $332.83.

Analyst Upgrades and Downgrades

Several analysts recently commented on HD shares. Stifel Nicolaus boosted their price target on Home Depot from $355.00 to $366.00 and gave the company a "hold" rating in a research note on Friday, February 16th. Royal Bank of Canada lifted their price objective on Home Depot from $299.00 to $377.00 and gave the company a "sector perform" rating in a research report on Monday, February 26th. TD Cowen lifted their price objective on Home Depot from $415.00 to $440.00 and gave the company an "outperform" rating in a research report on Monday, March 4th. DA Davidson reiterated a "neutral" rating and issued a $370.00 price objective on shares of Home Depot in a research report on Monday, April 1st. Finally, Evercore ISI cut their price objective on Home Depot from $420.00 to $415.00 and set an "outperform" rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $375.96.

Home Depot Stock Up 0.0 %

The business has a fifty day moving average of $368.54 and a 200 day moving average of $339.01. The firm has a market cap of $329.90 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.23 and a beta of 0.98. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD - Get Free Report) last released its quarterly earnings data 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 business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The firm's revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.30 earnings per share. On average, equities research analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.70%. This is a boost from Home Depot's previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot's payout ratio is presently 59.60%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business's stock in a transaction dated 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 directly owns 75,799 shares of the company's stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business's stock in a transaction dated 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 directly owns 75,799 shares of the company's stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the company'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 transaction, the chief executive officer now directly owns 107,731 shares of the company's stock, valued at $39,712,878.53. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HD. Morgan Stanley raised its stake in Home Depot by 10.0% in the fourth quarter. Morgan Stanley now owns 18,737,490 shares of the home improvement retailer's stock valued at $5,918,425,000 after buying an additional 1,698,402 shares during the period. Capital Research Global Investors raised its stake in Home Depot by 7.2% in the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer's stock valued at $5,117,016,000 after buying an additional 992,444 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Home Depot by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer's stock valued at $4,540,197,000 after buying an additional 347,614 shares during the period. Norges Bank bought a new stake in Home Depot in the fourth quarter valued at approximately $4,311,070,000. Finally, Northern Trust Corp raised its stake in Home Depot by 1.3% in the third quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer's stock valued at $3,730,889,000 after buying an additional 153,141 shares during the period. 70.86% of the stock is owned by institutional investors and hedge funds.

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.