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

Shares of The Home Depot, Inc. (NYSE:HD) were down 0.3% on Friday . The company traded as low as $387.00 and last traded at $389.32. Approximately 1,389,159 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 3,372,571 shares. The stock had previously closed at $390.34.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HD shares. Stifel Nicolaus lowered their target price on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. UBS Group lifted their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Royal Bank of Canada decreased their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $389.04.

Home Depot Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The business has a 50-day moving average price of $364.35 and a 200 day moving average price of $354.38. The stock has a market cap of $388.13 billion, a PE ratio of 26.11, a PEG ratio of 2.57 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the company posted $4.65 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.30%. Home Depot’s payout ratio is 60.36%.

Institutional Trading of Home Depot

A number of hedge funds and other institutional investors have recently made changes to their positions in HD. Ruedi Wealth Management Inc. boosted its holdings in Home Depot by 1.2% in the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after purchasing an additional 27 shares during the last quarter. Cape Investment Advisory Inc. boosted its stake in shares of Home Depot by 1.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after acquiring an additional 28 shares in the last quarter. Acorn Creek Capital LLC boosted its stake in shares of Home Depot by 3.4% during the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after acquiring an additional 28 shares in the last quarter. STAR Financial Bank boosted its stake in shares of Home Depot by 0.7% during the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after acquiring an additional 29 shares in the last quarter. Finally, Talisman Wealth Advisors LLC boosted its stake in shares of Home Depot by 1.2% during the 1st quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock worth $915,000 after acquiring an additional 29 shares in the last quarter. 70.86% of the stock is currently owned by 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.