Home Depot (NYSE:HD) Stock Price Up 0.3%

The Home Depot, Inc. (NYSE:HD) shares shot up 0.3% during trading on Thursday . The stock traded as high as $336.00 and last traded at $333.03. 482,631 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 3,306,985 shares. The stock had previously closed at $331.97.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. Piper Sandler upgraded Home Depot from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $311.00 to $400.00 in a research report on Tuesday, January 16th. The Goldman Sachs Group raised their price objective on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. TD Cowen increased their target price on shares of Home Depot from $415.00 to $440.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Finally, Stifel Nicolaus upped their price objective on shares of Home Depot from $355.00 to $366.00 and gave the company a “hold” rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Trading Up 2.2 %

The company has a market cap of $339.95 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.23 and a beta of 1.01. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The business’s fifty day simple moving average is $362.33 and its two-hundred day simple moving average is $341.76.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 earnings per share. On average, equities analysts predict that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, March 6th. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is 59.60%.

Insider Buying and Selling at Home Depot

In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bare Financial Services Inc acquired a new position in shares of Home Depot in the fourth quarter worth $26,000. Frank Rimerman Advisors LLC acquired a new position in Home Depot in the 4th quarter valued at about $27,000. Keener Financial Planning LLC purchased a new position in Home Depot in the 4th quarter valued at about $31,000. PFG Private Wealth Management LLC boosted its stake in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares during the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in shares of Home Depot during the fourth quarter worth about $35,000. 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.