Home Depot (NYSE:HD) Stock Price Down 1.4% – What’s Next?

Shares of The Home Depot, Inc. (NYSE:HD) dropped 1.4% on Tuesday . The company traded as low as $344.96 and last traded at $345.0450. Approximately 5,056,683 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 3,637,253 shares. The stock had previously closed at $349.91.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank Of Canada decreased their target price on Home Depot from $401.00 to $376.00 and set a “sector perform” rating for the company in a report on Wednesday, November 19th. Zacks Research downgraded shares of Home Depot from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 27th. UBS Group reaffirmed a “buy” rating on shares of Home Depot in a research report on Friday. Mizuho lifted their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Finally, Bank of America reduced their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $403.50.

Home Depot Stock Performance

The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The stock has a market capitalization of $343.50 billion, a P/E ratio of 23.52, a PEG ratio of 6.25 and a beta of 1.06. The business has a 50-day moving average price of $371.92 and a 200 day moving average price of $379.73.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter in the previous year, the firm posted $3.78 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current fiscal year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $2.30 dividend. The ex-dividend date is Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.7%. Home Depot’s payout ratio is presently 62.71%.

Insiders Place Their Bets

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Home Depot

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the period. United Bank raised its holdings in shares of Home Depot by 14.9% during the first quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock valued at $1,841,000 after purchasing an additional 653 shares during the last quarter. Cove Private Wealth LLC raised its holdings in shares of Home Depot by 12.7% during the first quarter. Cove Private Wealth LLC now owns 8,689 shares of the home improvement retailer’s stock valued at $3,184,000 after purchasing an additional 981 shares during the last quarter. Operose Advisors LLC lifted its position in Home Depot by 11.2% during the first quarter. Operose Advisors LLC now owns 2,538 shares of the home improvement retailer’s stock valued at $930,000 after purchasing an additional 256 shares during the period. Finally, Meridian Wealth Management LLC boosted its holdings in Home Depot by 1.4% in the first quarter. Meridian Wealth Management LLC now owns 34,499 shares of the home improvement retailer’s stock worth $12,644,000 after purchasing an additional 489 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.