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

The Home Depot, Inc. (NYSE:HD - Get Free Report) shares fell 0.9% during trading on Wednesday . The stock traded as low as $331.86 and last traded at $333.28. 701,776 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 3,360,172 shares. The stock had previously closed at $336.15.

Wall Street Analyst Weigh In

HD has been the subject of several research reports. Bank of America increased their target price on Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. Truist Financial lowered their price target on shares of Home Depot from $417.00 to $406.00 and set a "buy" rating for the company in a research report on Wednesday, May 15th. Telsey Advisory Group reiterated a "market perform" rating and set a $360.00 target price on shares of Home Depot in a report on Tuesday, May 14th. Wells Fargo & Company cut their price target on Home Depot from $425.00 to $400.00 and set an "overweight" rating on the stock in a research note on Thursday, May 9th. Finally, Wedbush reaffirmed an "outperform" rating and set a $410.00 price objective on shares of Home Depot in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has an average rating of "Moderate Buy" and an average price target of $377.46.

Home Depot Trading Down 1.7 %

The company has a market cap of $327.59 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.27 and a beta of 1.01. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company has a 50-day moving average of $353.45 and a 200 day moving average of $347.61.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, topping the consensus estimate of $3.61 by $0.02. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. Home Depot's quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.82 earnings per share. Analysts predict that The Home Depot, Inc. will post 15.31 earnings per share for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th will be paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Wednesday, May 29th. Home Depot's dividend payout ratio is currently 60.36%.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm's stock in a transaction 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 directly 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 is available at the SEC website. In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares of the company's stock, valued at approximately $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company's stock in a transaction dated 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 transaction, 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. Insiders sold 100,991 shares of company stock worth $35,915,914 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Home Depot

A number of large investors have recently modified their holdings of HD. Cape Investment Advisory Inc. boosted its holdings in Home Depot by 1.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer's stock valued at $680,000 after purchasing an additional 28 shares during the last quarter. Optas LLC grew its position in shares of Home Depot by 1.7% during the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer's stock worth $607,000 after buying an additional 29 shares in the last quarter. STAR Financial Bank increased its stake in shares of Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer's stock worth $1,367,000 after buying an additional 29 shares during the last quarter. Talisman Wealth Advisors LLC raised its holdings in Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer's stock valued at $915,000 after acquiring an additional 29 shares in the last quarter. Finally, Harvest Investment Advisors LLC boosted its stake in 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 valued at $1,153,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other 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.