Home Depot (NYSE:HD) Shares Down 0% – Here’s What Happened

The Home Depot, Inc. (NYSE:HD)’s stock price fell 0% during trading on Thursday . The company traded as low as $405.58 and last traded at $410.03. 525,328 shares traded hands during trading, a decline of 84% from the average session volume of 3,369,435 shares. The stock had previously closed at $410.19.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. DA Davidson upped their price objective on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Stifel Nicolaus lifted their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research report on Monday. Barclays upped their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Daiwa America upgraded shares of Home Depot to a “hold” rating in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $426.00.

Home Depot Stock Performance

The firm has a market cap of $405.22 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 2.79 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The firm’s fifty day moving average price is $397.67 and its 200 day moving average price is $365.56.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.14. The business had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $3.81 EPS. Sell-side analysts expect that The Home Depot, Inc. will post 14.99 EPS for the current fiscal year.

Institutional Trading of Home Depot

A number of institutional investors have recently bought and sold shares of HD. WFA Asset Management Corp lifted its holdings in Home Depot by 10.7% in the first quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after acquiring an additional 135 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in Home Depot by 5.8% in the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock valued at $4,381,000 after buying an additional 623 shares in the last quarter. Brighton Jones LLC raised its position in shares of Home Depot by 1.3% in the first quarter. Brighton Jones LLC now owns 22,321 shares of the home improvement retailer’s stock worth $8,562,000 after acquiring an additional 286 shares during the period. Great Lakes Retirement Inc. grew its position in shares of Home Depot by 1.3% during the 1st quarter. Great Lakes Retirement Inc. now owns 5,498 shares of the home improvement retailer’s stock valued at $2,109,000 after acquiring an additional 73 shares during the period. Finally, GM Advisory Group LLC increased its stake in shares of Home Depot by 1.8% in the 1st quarter. GM Advisory Group LLC now owns 5,169 shares of the home improvement retailer’s stock valued at $1,983,000 after purchasing an additional 93 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.