Home Depot (NYSE:HD) Stock Price Down 3.7% – Time to Sell?

The Home Depot, Inc. (NYSE:HD) was down 3.7% during trading on Wednesday . The stock traded as low as $384.75 and last traded at $385.23. Approximately 2,002,695 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 3,341,469 shares. The stock had previously closed at $400.09.

Analysts Set New Price Targets

HD has been the topic of several research reports. Daiwa America upgraded shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. Evercore ISI lowered their price target on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. DA Davidson increased their price target 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. Oppenheimer increased their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. Finally, Guggenheim raised their target price on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $416.37.

Home Depot Stock Performance

The company has a market capitalization of $385.59 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 2.72 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The company’s fifty day simple moving average is $393.80 and its two-hundred day simple moving average is $363.10.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the business posted $4.65 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts predict that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.32%. Home Depot’s dividend payout ratio is presently 60.57%.

Institutional Trading of Home Depot

Hedge funds have recently bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of Home Depot during the 2nd quarter worth about $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot during the 2nd quarter worth about $33,000. Denver PWM LLC bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $40,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the 3rd quarter worth approximately $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $47,000. 70.86% of the stock is currently 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.