Home Depot (NYSE:HD) Trading Down 0.6%

The Home Depot, Inc. (NYSE:HD - Get Free Report)'s stock price was down 0.6% on Monday . The company traded as low as $340.56 and last traded at $340.75. Approximately 820,541 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 3,271,845 shares. The stock had previously closed at $342.87.

Analyst Ratings Changes

A number of analysts have recently weighed in on HD shares. Stifel Nicolaus increased their price objective on shares of Home Depot from $355.00 to $366.00 and gave the stock a "hold" rating in a research note on Friday, February 16th. Wedbush raised 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. Mizuho assumed coverage on shares of Home Depot in a research report on Tuesday, March 19th. They set a "buy" rating and a $415.00 price target on the stock. Guggenheim restated a "buy" rating and set a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Finally, Piper Sandler upgraded shares of Home Depot from a "neutral" rating to an "overweight" rating and raised their price target for the company from $311.00 to $400.00 in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $376.35.

Home Depot Stock Down 1.4 %

The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40. The business's 50 day simple moving average is $369.91 and its 200 day simple moving average is $338.58. The company has a market capitalization of $334.90 billion, a PE ratio of 22.57, a P/E/G ratio of 2.28 and a beta of 0.98.

Home Depot (NYSE:HD - Get Free Report) last issued 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. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a net margin of 9.92% and a return on equity of 1,339.65%. Home Depot's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.30 earnings per share. As a group, analysts anticipate that The Home Depot, Inc. will post 15.37 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.66%. This is an increase from Home Depot's previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot's payout ratio is 59.60%.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business'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 directly owns 75,799 shares of the company's stock, valued at approximately $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred 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 transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares of the company's stock, valued at approximately $27,950,123.26. 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 added to or reduced their stakes in the company. Cape Investment Advisory Inc. grew its holdings in Home Depot by 1.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer's stock worth $680,000 after acquiring an additional 28 shares in the last quarter. Optas LLC grew its holdings in Home Depot by 1.7% during the 4th quarter. Optas LLC now owns 1,752 shares of the home improvement retailer's stock worth $607,000 after acquiring an additional 29 shares in the last quarter. STAR Financial Bank grew its holdings in Home Depot by 0.7% during the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer's stock worth $1,367,000 after acquiring an additional 29 shares in the last quarter. Harvest Investment Advisors LLC lifted its position in shares of Home Depot by 0.8% during the 3rd quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer's stock worth $1,153,000 after buying an additional 30 shares during the last quarter. Finally, Armstrong Henry H Associates Inc. lifted its position in shares of Home Depot by 0.3% during the 4th quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer's stock worth $3,778,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

About Home Depot

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.