Home Depot (NYSE:HD) Trading 0% Higher – Time to Buy?

The Home Depot, Inc. (NYSE:HD)’s stock price rose 0% during trading on Thursday . The stock traded as high as $394.17 and last traded at $392.66. Approximately 330,538 shares traded hands during trading, a decline of 90% from the average daily volume of 3,344,834 shares. The stock had previously closed at $392.52.

Analyst Ratings Changes

HD has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Telsey Advisory Group reiterated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Oppenheimer lifted their price target on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 24th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Wednesday, October 2nd. Finally, UBS Group lifted their price objective on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $413.48.

Home Depot Stock Up 0.4 %

The company has a market capitalization of $390.61 billion, a P/E ratio of 26.34, a PEG ratio of 2.78 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a 50 day moving average price of $391.61 and a 200 day moving average price of $361.03.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the firm posted $4.65 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. Equities 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is currently 60.36%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Baugh & Associates LLC grew its holdings in Home Depot by 1.9% during the 3rd quarter. Baugh & Associates LLC now owns 25,053 shares of the home improvement retailer’s stock valued at $9,849,000 after buying an additional 459 shares in the last quarter. Graypoint LLC boosted its position in shares of Home Depot by 6.7% during the 3rd quarter. Graypoint LLC now owns 12,488 shares of the home improvement retailer’s stock valued at $5,060,000 after acquiring an additional 787 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at about $1,182,000. M&G PLC boosted its position in shares of Home Depot by 4.3% during the 3rd quarter. M&G PLC now owns 255,434 shares of the home improvement retailer’s stock valued at $103,451,000 after acquiring an additional 10,456 shares during the last quarter. Finally, American Capital Advisory LLC boosted its position in shares of Home Depot by 78.4% during the 3rd quarter. American Capital Advisory LLC now owns 182 shares of the home improvement retailer’s stock valued at $74,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other 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.