Home Depot (NYSE:HD) Trading Down 0.3% – Should You Sell?

The Home Depot, Inc. (NYSE:HD) traded down 0.3% during trading on Wednesday . The stock traded as low as $416.80 and last traded at $417.57. 445,279 shares were traded during mid-day trading, a decline of 86% from the average session volume of 3,092,884 shares. The stock had previously closed at $418.83.

Analysts Set New Price Targets

Several research analysts recently commented on the company. DA Davidson boosted their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Mizuho boosted their price objective on Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. TD Cowen upped their target price on shares of Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Bank of America boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley raised their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Home Depot Stock Down 0.6 %

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 firm has a 50-day simple moving average of $408.02 and a two-hundred day simple moving average of $392.08. The company has a market cap of $409.13 billion, a PE ratio of 27.98, a P/E/G ratio of 4.35 and a beta of 1.05.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.81 earnings per share. Research analysts anticipate 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 issued a $2.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.19%. Home Depot’s dividend payout ratio (DPR) is presently 61.14%.

Insider Buying and Selling

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $409.52, for a total transaction of $6,553,958.08. Following the transaction, the executive vice president now owns 77,475 shares in the company, valued at $31,727,562. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the sale, the executive vice president now owns 12,465 shares of the company’s stock, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Home Depot

A number of hedge funds and other institutional investors have recently modified their holdings of HD. Convergence Investment Partners LLC raised its holdings in Home Depot by 14.0% in the fourth quarter. Convergence Investment Partners LLC now owns 14,210 shares of the home improvement retailer’s stock valued at $5,527,000 after acquiring an additional 1,746 shares in the last quarter. Allied Investment Advisors LLC raised its stake in shares of Home Depot by 7.1% in the 4th quarter. Allied Investment Advisors LLC now owns 1,895 shares of the home improvement retailer’s stock valued at $737,000 after purchasing an additional 125 shares in the last quarter. Atlas Legacy Advisors LLC bought a new position in shares of Home Depot during the fourth quarter worth about $1,256,000. Bank of Jackson Hole Trust acquired a new position in Home Depot in the fourth quarter worth about $1,214,000. Finally, Callahan Advisors LLC increased its holdings in Home Depot by 109.8% in the fourth quarter. Callahan Advisors LLC now owns 8,286 shares of the home improvement retailer’s stock valued at $3,223,000 after buying an additional 4,337 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

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.