Home Depot (NYSE:HD) Stock Price Down 0.5%

The Home Depot, Inc. (NYSE:HD)’s share price dropped 0.5% during trading on Tuesday . The stock traded as low as $333.20 and last traded at $335.15. Approximately 514,680 shares changed hands during trading, a decline of 84% from the average daily volume of 3,310,537 shares. The stock had previously closed at $336.80.

Analyst Ratings Changes

Several analysts have issued reports on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $370.00 price objective on shares of Home Depot in a research report on Monday, April 1st. Wedbush lifted their price target on Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Barclays upgraded Home Depot from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $325.00 to $372.00 in a research report on Thursday, January 4th. Wells Fargo & Company upped their price target on Home Depot from $385.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Home Depot Stock Performance

The firm has a fifty day simple moving average of $364.25 and a 200 day simple moving average of $341.58. 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 company has a market cap of $331.24 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of 2.23 and a beta of 0.98.

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

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is 59.60%.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction that occurred on 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 directly 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 at this link. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’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 sale, the executive vice president now directly 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 at the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the business’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 sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Financial Group LLC grew its position in shares of Home Depot by 3.9% in the 3rd quarter. Marshall Financial Group LLC now owns 2,559 shares of the home improvement retailer’s stock valued at $773,000 after purchasing an additional 95 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Home Depot by 16.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,114 shares of the home improvement retailer’s stock worth $941,000 after buying an additional 439 shares during the period. Alta Wealth Advisors LLC grew its holdings in shares of Home Depot by 7.0% during the third quarter. Alta Wealth Advisors LLC now owns 1,794 shares of the home improvement retailer’s stock worth $542,000 after buying an additional 118 shares in the last quarter. Connecticut Wealth Management LLC boosted its position in Home Depot by 29.8% during the 3rd quarter. Connecticut Wealth Management LLC now owns 13,343 shares of the home improvement retailer’s stock worth $4,032,000 after acquiring an additional 3,062 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of Home Depot by 9.6% in the third quarter. Ballentine Partners LLC now owns 19,090 shares of the home improvement retailer’s stock worth $5,768,000 after purchasing an additional 1,675 shares in the last quarter. 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.