Home Depot (NYSE:HD) Shares Up 0.9%

The Home Depot, Inc. (NYSE:HD)’s stock price traded up 0.9% during trading on Friday . The stock traded as high as $345.28 and last traded at $344.63. 505,318 shares were traded during mid-day trading, a decline of 85% from the average session volume of 3,419,489 shares. The stock had previously closed at $341.49.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Bank of America increased their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a report on Monday, April 1st. TD Cowen cut their target price on Home Depot from $440.00 to $420.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Guggenheim restated a “buy” rating and set a $390.00 price target on shares of Home Depot in a research report on Friday, April 5th. Zelman & Associates upgraded Home Depot from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $378.42.

Home Depot Stock Up 0.5 %

The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The firm’s 50-day moving average price is $338.15 and its 200 day moving average price is $352.59. The firm has a market cap of $340.22 billion, a P/E ratio of 23.11, a PEG ratio of 2.36 and a beta of 1.00.

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

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s payout ratio is 60.36%.

Insider Buying and Selling

In other Home Depot news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the completion of the sale, the executive vice president now owns 33,325 shares of the company’s stock, valued at approximately $11,503,123.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HD. Bright Futures Wealth Management LLC. bought a new position in shares of Home Depot in the first quarter worth about $257,000. Quent Capital LLC raised its stake in shares of Home Depot by 5.6% during the first quarter. Quent Capital LLC now owns 8,432 shares of the home improvement retailer’s stock worth $3,235,000 after buying an additional 447 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of Home Depot by 68.0% during the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 51 shares during the last quarter. Cape Investment Advisory Inc. raised its holdings in Home Depot by 52.9% in the first quarter. Cape Investment Advisory Inc. now owns 3,001 shares of the home improvement retailer’s stock worth $1,151,000 after purchasing an additional 1,038 shares during the period. Finally, Keynote Financial Services LLC acquired a new stake in Home Depot in the first quarter worth $561,000. Institutional investors own 70.86% of the company’s stock.

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.