Home Depot (NYSE:HD) Trading Down 0% – Time to Sell?

The Home Depot, Inc. (NYSE:HD) shares dropped 0% during trading on Thursday . The company traded as low as $425.96 and last traded at $427.19. Approximately 2,293,453 shares were traded during trading, a decline of 32% from the average daily volume of 3,392,700 shares. The stock had previously closed at $427.27.

Wall Street Analyst Weigh In

HD has been the subject of a number of recent research reports. Guggenheim lifted their price objective on Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Morgan Stanley boosted their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Melius Research assumed coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 target price on the stock. UBS Group boosted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada raised their price objective on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $426.00.

Home Depot Stock Performance

The firm has a market capitalization of $426.66 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 2.97 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The stock’s fifty day moving average is $407.48 and its two-hundred day moving average is $371.81.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. During the same period in the previous year, the company earned $3.81 earnings per share. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current year.

Home Depot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This trade represents a 51.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 16,004 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now owns 77,475 shares of the company’s stock, valued at $31,727,562. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,188 shares of company stock valued at $15,624,585. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Home Depot

Hedge funds have recently added to or reduced their stakes in the business. Fairway Wealth LLC bought a new position in shares of Home Depot in the 2nd quarter worth about $25,000. Kings Path Partners LLC bought a new position in Home Depot in the second quarter worth about $33,000. Denver PWM LLC acquired a new position in Home Depot in the second quarter valued at approximately $40,000. Legacy Investment Solutions LLC bought a new position in shares of Home Depot during the third quarter valued at approximately $41,000. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds 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.