Home Depot (NYSE:HD) Trading Up 0.3%

The Home Depot, Inc. (NYSE:HD) shares were up 0.3% on Tuesday . The stock traded as high as $339.47 and last traded at $337.23. Approximately 558,667 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 3,309,323 shares. The stock had previously closed at $336.11.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HD. Robert W. Baird restated an “outperform” rating and issued a $370.00 target price on shares of Home Depot in a research note on Wednesday, February 14th. HSBC restated a “reduce” rating and issued a $323.00 target price on shares of Home Depot in a research note on Wednesday, April 3rd. Stifel Nicolaus upped their target price on Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Wedbush increased their price objective on Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Performance

The company has a market cap of $336.98 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. 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 stock has a 50-day moving average price of $366.77 and a 200 day moving average price of $340.19.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.30 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 annualized dividend and a yield of 2.65%. Home Depot’s payout ratio is 59.60%.

Insider Activity at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was 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 directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Home Depot

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bare Financial Services Inc bought a new stake in shares of Home Depot in the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC grew its position in shares of Home Depot by 53.3% in the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC bought a new stake in shares of Home Depot in the 4th quarter valued at about $35,000. Institutional investors and hedge funds 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.