Home Depot (NYSE:HD) Stock Price Down 0.1% – Here’s What Happened

The Home Depot, Inc. (NYSE:HD)’s share price was down 0.1% during trading on Wednesday . The company traded as low as $387.30 and last traded at $388.99. Approximately 2,177,844 shares were traded during trading, a decline of 30% from the average daily volume of 3,126,833 shares. The stock had previously closed at $389.43.

Analyst Ratings Changes

Several equities analysts recently weighed in on HD shares. Telsey Advisory Group upgraded shares of Home Depot from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $360.00 to $455.00 in a report on Friday, November 8th. Oppenheimer increased their price objective on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 24th. DA Davidson boosted their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Price Performance

The stock’s 50-day moving average price is $407.42 and its 200 day moving average price is $383.85. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm has a market capitalization of $385.88 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.90 and a beta of 1.03.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.81 EPS. Equities research analysts expect that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.32%. Home Depot’s dividend payout ratio is presently 61.14%.

Insider Transactions at Home Depot

In related news, EVP Timothy A. Hourigan sold 16,004 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the completion of the transaction, the executive vice president now owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 in the last 90 days. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Home Depot

A number of institutional investors have recently modified their holdings of HD. Lantz Financial LLC increased its position in shares of Home Depot by 1.5% during the second quarter. Lantz Financial LLC now owns 6,010 shares of the home improvement retailer’s stock worth $2,069,000 after acquiring an additional 89 shares during the period. Arlington Partners LLC raised its position in Home Depot by 7.6% in the 2nd quarter. Arlington Partners LLC now owns 9,340 shares of the home improvement retailer’s stock valued at $3,215,000 after purchasing an additional 656 shares in the last quarter. Versor Investments LP purchased a new position in shares of Home Depot in the 2nd quarter valued at about $371,000. Fiera Capital Corp grew its position in shares of Home Depot by 50.4% during the second quarter. Fiera Capital Corp now owns 7,801 shares of the home improvement retailer’s stock worth $2,685,000 after buying an additional 2,615 shares in the last quarter. Finally, Stablepoint Partners LLC raised its holdings in Home Depot by 2.1% in the second quarter. Stablepoint Partners LLC now owns 1,565 shares of the home improvement retailer’s stock valued at $566,000 after acquiring an additional 32 shares in the last quarter. 70.86% of the stock is 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.