Home Depot (NYSE:HD) Shares Down 0.3%

The Home Depot, Inc. (NYSE:HD) shares dropped 0.3% on Monday . The company traded as low as $342.20 and last traded at $347.47. Approximately 1,052,374 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 3,387,839 shares. The stock had previously closed at $348.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup reduced their price target on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Evercore ISI increased their price objective on shares of Home Depot from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Wedbush reaffirmed an “outperform” rating and set a $410.00 price objective on shares of Home Depot in a research report on Friday, May 10th. HSBC dropped their target price on Home Depot from $323.00 to $318.00 and set a “reduce” rating on the stock in a report on Wednesday, May 15th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $360.00 price target on shares of Home Depot in a report on Wednesday, August 7th. One investment 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’s stock. According to data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $384.00.

Home Depot Stock Down 1.2 %

The stock has a market capitalization of $341.69 billion, a P/E ratio of 23.11, a P/E/G ratio of 2.48 and a beta of 0.98. The firm’s fifty day moving average is $348.16 and its 200-day moving average is $353.22. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm had revenue of $36.42 billion for the quarter, compared to analyst estimates of $36.65 billion. During the same period last year, the company earned $3.82 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts predict that The Home Depot, Inc. will post 15.28 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Thursday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Insider Buying and Selling at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total value of $19,332,841.44. Following the completion of the sale, the executive vice president now directly owns 33,325 shares in the company, valued at $11,503,123.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HD. Fairway Wealth LLC bought a new stake in shares of Home Depot during the second quarter valued at approximately $25,000. Bare Financial Services Inc acquired a new position in Home Depot during the fourth quarter worth $26,000. Frank Rimerman Advisors LLC bought a new position in shares of Home Depot in the fourth quarter valued at $27,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the second quarter valued at about $33,000. Finally, Burkett Financial Services LLC bought a new stake in Home Depot during the 4th quarter worth approximately $38,000. 70.86% of the stock is 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.