Home Depot (NYSE:HD) Shares Down 0.1%

Shares of The Home Depot, Inc. (NYSE:HD) traded down 0.1% during mid-day trading on Monday . The company traded as low as $344.40 and last traded at $346.41. 459,204 shares were traded during mid-day trading, a decline of 86% from the average session volume of 3,378,201 shares. The stock had previously closed at $346.84.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HD shares. Mizuho assumed coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price objective for the company. Wells Fargo & Company dropped their price objective 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. HSBC decreased their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating for the company in a research note on Wednesday, May 15th. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. Finally, Citigroup lowered their price objective on shares of Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $377.46.

Home Depot Trading Up 1.0 %

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 business’s 50 day simple moving average is $337.58 and its 200 day simple moving average is $351.28. The stock has a market cap of $347.20 billion, a P/E ratio of 23.23, a PEG ratio of 2.40 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The company had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter in the previous year, the company earned $3.82 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, analysts expect that The Home Depot, Inc. will post 15.28 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is presently 60.36%.

Insider Activity

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s 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 directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Institutional Trading of Home Depot

Hedge funds and other institutional investors have recently modified their holdings of the company. Keynote Financial Services LLC acquired a new position in Home Depot during the first quarter worth approximately $561,000. IMS Capital Management lifted its holdings in Home Depot by 1.1% during the 1st quarter. IMS Capital Management now owns 9,326 shares of the home improvement retailer’s stock valued at $3,577,000 after purchasing an additional 99 shares during the last quarter. Jackson Wealth Management LLC boosted its position in Home Depot by 7.1% during the first quarter. Jackson Wealth Management LLC now owns 3,808 shares of the home improvement retailer’s stock worth $1,461,000 after purchasing an additional 252 shares during the period. OMC Financial Services LTD acquired a new position in shares of Home Depot in the first quarter valued at $1,384,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Home Depot by 32.3% in the first quarter. EverSource Wealth Advisors LLC now owns 26,096 shares of the home improvement retailer’s stock valued at $10,010,000 after purchasing an additional 6,371 shares during the period. 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.