Home Depot (NYSE:HD) Trading Down 0.4% – Should You Sell?

The Home Depot, Inc. (NYSE:HD)’s share price dropped 0.4% during trading on Friday . The stock traded as low as $400.11 and last traded at $401.25. Approximately 347,671 shares traded hands during trading, a decline of 90% from the average daily volume of 3,355,705 shares. The stock had previously closed at $402.68.

Analysts Set New Price Targets

A number of brokerages have weighed in on HD. UBS Group lifted their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Piper Sandler lifted their price objective on shares of Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Jefferies Financial Group began coverage on shares of Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. Guggenheim lifted their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Sanford C. Bernstein assumed coverage on shares of Home Depot in a research report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $412.00.

Home Depot Trading Down 0.9 %

The firm has a fifty day moving average price of $389.81 and a 200-day moving average price of $359.98. The company has a market capitalization of $396.23 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The business’s revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted $4.65 EPS. On average, equities research analysts anticipate that The Home Depot, Inc. will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.26%. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

Hedge Funds Weigh In On Home Depot

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of Home Depot during the 2nd quarter worth $25,000. Kings Path Partners LLC purchased a new stake in Home Depot during the second quarter valued at about $33,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the third quarter valued at approximately $46,000. Denver PWM LLC purchased a new stake in shares of Home Depot during the 2nd quarter valued at approximately $40,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in Home Depot by 68.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 51 shares during the period. 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.