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

The Home Depot, Inc. (NYSE:HD - Get Free Report)'s stock price traded down 0.9% during mid-day trading on Friday . The stock traded as low as $342.60 and last traded at $344.15. 665,569 shares were traded during trading, a decline of 80% from the average session volume of 3,266,215 shares. The stock had previously closed at $347.37.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Home Depot from $355.00 to $366.00 and gave the company a "hold" rating in a research note on Friday, February 16th. Piper Sandler raised Home Depot from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $311.00 to $400.00 in a research note on Tuesday, January 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 note on Monday, February 26th. Zelman & Associates raised Home Depot from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 2nd. Finally, DA Davidson reaffirmed a "neutral" rating and set a $370.00 price target on shares of Home Depot in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued 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 $376.35.

Home Depot Stock Performance

The company has a market cap of $339.79 billion, a PE ratio of 22.71, a P/E/G ratio of 2.33 and a beta of 0.98. 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 business has a fifty day moving average of $369.91 and a 200-day moving average of $338.08.

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

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a dividend of $2.25 per share. This is an increase from Home Depot's previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.62%. Home Depot's dividend payout ratio is 59.60%.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 value of $13,265,887.81. Following 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 legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.19% of the company's stock.

Institutional Trading of Home Depot

A number of hedge funds have recently made changes to their positions in the stock. VisionPoint Advisory Group LLC bought a new position in shares of Home Depot during the 2nd quarter valued at $26,000. Bare Financial Services Inc purchased a new stake in Home Depot in the 4th quarter worth $26,000. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the 4th quarter worth $27,000. Fairfield Bush & CO. purchased a new stake in Home Depot in the 1st quarter worth $27,000. Finally, KB Financial Partners LLC purchased a new stake in Home Depot in the 1st quarter worth $28,000. 70.86% of the stock is 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.