Home Depot (NYSE:HD) Trading Down 0.6% – Should You Sell?

The Home Depot, Inc. (NYSE:HD)’s share price was down 0.6% during trading on Thursday . The company traded as low as $415.85 and last traded at $415.96. Approximately 395,488 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 3,364,417 shares. The stock had previously closed at $418.61.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HD. Jefferies Financial Group began coverage on shares of Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. UBS Group boosted their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Evercore ISI reduced their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Guggenheim lifted their price target 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. Finally, DA Davidson increased their price objective on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $404.69.

Home Depot Price Performance

The business’s 50-day moving average price is $385.10 and its 200 day moving average price is $358.53. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a market capitalization of $411.55 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the business earned $4.65 EPS. The business’s revenue for the quarter was up .6% on a year-over-year basis. Analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio is currently 60.36%.

Hedge Funds Weigh In On Home Depot

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Penn Davis Mcfarland Inc. purchased a new position in shares of Home Depot in the 3rd quarter worth about $425,000. One Degree Advisors Inc bought a new position in Home Depot during the third quarter valued at approximately $200,000. ACT Advisors LLC. purchased a new position in shares of Home Depot during the third quarter worth approximately $228,000. Vest Financial LLC lifted its holdings in shares of Home Depot by 163.2% in the 3rd quarter. Vest Financial LLC now owns 4,466 shares of the home improvement retailer’s stock worth $1,810,000 after acquiring an additional 2,769 shares during the last quarter. Finally, Stegent Equity Advisors Inc. boosted its stake in shares of Home Depot by 9.5% in the 3rd quarter. Stegent Equity Advisors Inc. now owns 821 shares of the home improvement retailer’s stock valued at $333,000 after purchasing an additional 71 shares in the last quarter. Hedge funds and other institutional investors 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.