Home Depot (NYSE:HD) Stock Price Down 0.2%

The Home Depot, Inc. (NYSE:HD) was down 0.2% during mid-day trading on Wednesday . The stock traded as low as $381.07 and last traded at $382.56. Approximately 420,613 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 3,364,456 shares. The stock had previously closed at $383.24.

Analysts Set New Price Targets

A number of research firms have weighed in on HD. Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. UBS Group boosted their price target on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Stifel Nicolaus lowered their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. DA Davidson boosted their price objective on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI lowered their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $389.04.

Home Depot Stock Performance

The company’s 50-day moving average is $364.35 and its two-hundred day moving average is $354.38. The stock has a market capitalization of $387.12 billion, a P/E ratio of 26.18, a P/E/G ratio of 2.57 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74.

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, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.65 EPS. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Hedge Funds Weigh In On Home Depot

A number of hedge funds have recently modified their holdings of HD. Gilbert & Cook Inc. raised its position in shares of Home Depot by 3.9% in the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock valued at $1,475,000 after purchasing an additional 158 shares during the period. Aveo Capital Partners LLC increased its stake in Home Depot by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock valued at $931,000 after acquiring an additional 122 shares during the period. 9258 Wealth Management LLC grew its holdings in shares of Home Depot by 4.2% during the 4th quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after purchasing an additional 557 shares in the last quarter. Gryphon Financial Partners LLC increased its position in shares of Home Depot by 161.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock valued at $2,188,000 after purchasing an additional 3,923 shares during the period. Finally, TrinityPoint Wealth LLC raised its stake in shares of Home Depot by 4.1% in the fourth quarter. TrinityPoint Wealth LLC now owns 9,840 shares of the home improvement retailer’s stock valued at $3,410,000 after purchasing an additional 387 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.