Home Depot (NYSE:HD) Trading Down 1.8%

Shares of The Home Depot, Inc. (NYSE:HD) were down 1.8% during trading on Monday . The company traded as low as $345.24 and last traded at $348.95. Approximately 1,118,909 shares were traded during trading, a decline of 67% from the average daily volume of 3,394,068 shares. The stock had previously closed at $355.43.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a research report on Friday, May 10th. Stifel Nicolaus lifted their price target on Home Depot from $374.00 to $380.00 and gave the stock a “hold” rating in a research report on Monday, July 15th. TD Cowen decreased their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Wells Fargo & Company decreased their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Finally, Evercore ISI boosted their price target on Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $384.00.

Home Depot Stock Down 1.5 %

The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The business has a 50-day moving average price of $346.18 and a 200-day moving average price of $353.44. The firm has a market cap of $347.06 billion, a P/E ratio of 23.40, a P/E/G ratio of 2.48 and a beta of 0.98.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same quarter last year, the company earned $3.82 earnings per share. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities analysts forecast that The Home Depot, Inc. will post 15.28 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio is currently 60.36%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Matt Carey sold 56,008 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $345.18, for a total value of $19,332,841.44. Following the sale, the executive vice president now directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Home Depot

A number of institutional investors have recently made changes to their positions in the company. Bare Financial Services Inc purchased a new stake in Home Depot in the fourth quarter valued at $26,000. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the fourth quarter valued at $27,000. Keener Financial Planning LLC purchased a new stake in Home Depot in the fourth quarter valued at $31,000. Kings Path Partners LLC purchased a new stake in Home Depot in the second quarter valued at $33,000. Finally, Gilfoyle & Co LLC purchased a new stake in Home Depot in the fourth quarter valued at $35,000. 70.86% of the stock is owned by institutional investors and hedge funds.

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.