Home Depot (NYSE:HD) Trading Down 2.1% – Time to Sell?

The Home Depot, Inc. (NYSE:HD)’s share price dropped 2.1% on Friday . The company traded as low as $320.74 and last traded at $321.5430. Approximately 3,943,687 shares changed hands during trading, a decline of 8% from the average daily volume of 4,296,085 shares. The stock had previously closed at $328.43.

Analyst Ratings Changes

HD has been the topic of a number of research analyst reports. Citigroup boosted their target price on Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Oppenheimer decreased their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating on the stock in a report on Friday, December 5th. DA Davidson increased their target price on Home Depot from $407.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, February 24th. Finally, KeyCorp reissued a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $414.52.

Home Depot Trading Down 2.1%

The company has a market cap of $320.26 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 3.63 and a beta of 1.09. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. The company has a 50-day moving average of $367.82 and a 200 day moving average of $371.98.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The business had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, March 12th. This is a boost from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s payout ratio is currently 65.50%.

Insider Transactions at Home Depot

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Home Depot

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advocate Investing Services LLC bought a new stake in Home Depot in the fourth quarter worth about $25,000. Parvin Asset Management LLC grew its stake in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the last quarter. Key Capital Management INC bought a new position in shares of Home Depot during the fourth quarter valued at approximately $28,000. Sagard Holdings Management Inc. purchased a new stake in shares of Home Depot in the second quarter worth approximately $29,000. Finally, Abound Financial LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.