Home Depot (NYSE:HD) Shares Up 0.2%

Shares of The Home Depot, Inc. (NYSE:HD - Get Free Report) shot up 0.2% during mid-day trading on Tuesday . The stock traded as high as $345.54 and last traded at $342.97. 610,161 shares traded hands during trading, a decline of 82% from the average session volume of 3,316,982 shares. The stock had previously closed at $342.29.

Analyst Upgrades and Downgrades

HD has been the subject of a number of research analyst reports. Guggenheim restated a "buy" rating and issued a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Wedbush increased their price target on shares of Home Depot from $380.00 to $410.00 and gave the company an "outperform" rating in a research report on Monday, April 1st. Oppenheimer downgraded Home Depot from an "outperform" rating to a "market perform" rating in a research report on Monday, January 22nd. Stifel Nicolaus increased their target price on Home Depot from $355.00 to $366.00 and gave the company a "hold" rating in a report on Friday, February 16th. Finally, Truist Financial reissued a "buy" rating and issued a $417.00 price target on shares of Home Depot in a report on Wednesday, April 17th. One investment 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, Home Depot presently has a consensus rating of "Moderate Buy" and an average target price of $375.19.

Home Depot Price Performance

The company's fifty day moving average is $360.47 and its two-hundred day moving average is $343.54. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The firm has a market cap of $337.65 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.28 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The business had revenue of $34.79 billion for the quarter, compared to analysts' expectations of $34.64 billion. During the same period in the previous year, the company posted $3.30 earnings per share. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. Equities research analysts forecast that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $2.25 dividend. This is an increase from Home Depot's previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Wednesday, March 6th. Home Depot's dividend payout ratio (DPR) is presently 59.60%.

Insider Buying and Selling

In related news, CEO Edward P. Decker sold 35,987 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the business's stock in a transaction that occurred on 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 owns 107,731 shares of the company's stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Institutional Trading of Home Depot

Several large investors have recently added to or reduced their stakes in HD. Capital Research Global Investors raised its stake in shares of Home Depot by 7.2% in the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer's stock worth $5,117,016,000 after buying an additional 992,444 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Home Depot by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer's stock worth $4,540,197,000 after acquiring an additional 347,614 shares during the period. Norges Bank bought a new stake in Home Depot in the fourth quarter worth about $4,311,070,000. Northern Trust Corp lifted its holdings in Home Depot by 1.3% in the 3rd quarter. Northern Trust Corp now owns 12,347,396 shares of the home improvement retailer's stock valued at $3,730,889,000 after acquiring an additional 153,141 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Home Depot by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer's stock valued at $3,050,363,000 after purchasing an additional 195,670 shares in the last quarter. 70.86% of the stock is currently 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.