Home Depot (NYSE:HD) Shares Down 1% – Time to Sell?

The Home Depot, Inc. (NYSE:HD) shares fell 1% during mid-day trading on Monday . The company traded as low as $387.03 and last traded at $388.87. 436,116 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 3,386,483 shares. The stock had previously closed at $392.60.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Piper Sandler boosted their target price on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Oppenheimer upped their price objective on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a report on Tuesday, September 24th. Barclays raised their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Guggenheim raised their price objective 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, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Performance

The company has a fifty day moving average price of $410.40 and a two-hundred day moving average price of $380.74. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market capitalization of $388.02 billion, a P/E ratio of 26.54, a PEG ratio of 2.93 and a beta of 1.03.

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

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $2.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.30%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the firm’s 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 sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the completion of the sale, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock worth $15,624,585 over the last ninety days. 0.10% of the stock is owned by insiders.

Institutional Trading of Home Depot

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lantz Financial LLC grew its stake in shares of Home Depot by 1.5% in the 2nd 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 in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in Home Depot by 109.3% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 3,123 shares of the home improvement retailer’s stock valued at $1,075,000 after buying an additional 1,631 shares during the last quarter. Granite Harbor Advisors Inc. lifted its position in shares of Home Depot by 5.0% during the 2nd quarter. Granite Harbor Advisors Inc. now owns 3,799 shares of the home improvement retailer’s stock worth $1,308,000 after buying an additional 182 shares in the last quarter. Crew Capital Management Ltd. lifted its position in shares of Home Depot by 7.5% during the 2nd quarter. Crew Capital Management Ltd. now owns 3,962 shares of the home improvement retailer’s stock worth $1,364,000 after buying an additional 278 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in shares of Home Depot by 15.5% in the 2nd quarter. Atomi Financial Group Inc. now owns 6,833 shares of the home improvement retailer’s stock worth $2,352,000 after buying an additional 915 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

About Home Depot

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.