Home Depot (NYSE:HD) Sets New 52-Week Low at $269.00

The Home Depot, Inc. (NYSE:HDGet Rating) reached a new 52-week low during trading on Tuesday . The company traded as low as $269.00 and last traded at $269.12, with a volume of 104830 shares trading hands. The stock had previously closed at $270.73.

A number of analysts have recently issued reports on the company. Jefferies Financial Group decreased their target price on Home Depot from $420.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, May 18th. Raymond James decreased their target price on Home Depot from $350.00 to $340.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. DA Davidson decreased their price target on Home Depot from $354.00 to $330.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Telsey Advisory Group decreased their price target on Home Depot from $425.00 to $375.00 and set an “outperform” rating for the company in a report on Wednesday, February 23rd. Finally, OTR Global cut Home Depot to a “positive” rating in a report on Tuesday, May 10th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $373.86.

The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The company has a 50-day simple moving average of $295.62 and a two-hundred day simple moving average of $334.61. The stock has a market capitalization of $276.45 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97.

Home Depot (NYSE:HDGet Rating) last released its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.42. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. During the same quarter in the prior year, the business posted $3.86 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts anticipate that The Home Depot, Inc. will post 16.47 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were paid a dividend of $1.90 per share. The ex-dividend date was Wednesday, June 1st. This represents a $7.60 annualized dividend and a yield of 2.83%. Home Depot’s dividend payout ratio is currently 48.25%.

In related news, EVP Hector A. Padilla sold 136 shares of the stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the transaction, the executive vice president now owns 11,230 shares in the company, valued at approximately $3,248,052.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Becker Caryn Seidman purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was bought at an average price of $287.73 per share, with a total value of $431,595.00. Following the transaction, the director now directly owns 1,500 shares in the company, valued at $431,595. The disclosure for this purchase can be found here. Insiders have sold 11,933 shares of company stock valued at $3,448,197 in the last ninety days. Company insiders own 0.17% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Home Depot by 1.8% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 28,224 shares of the home improvement retailer’s stock worth $8,448,000 after acquiring an additional 500 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Home Depot during the 1st quarter worth about $182,000. J.W. Cole Advisors Inc. raised its stake in shares of Home Depot by 0.4% during the 1st quarter. J.W. Cole Advisors Inc. now owns 16,821 shares of the home improvement retailer’s stock worth $5,035,000 after purchasing an additional 71 shares in the last quarter. Peachtree Investment Partners LLC raised its stake in shares of Home Depot by 1.8% during the 1st quarter. Peachtree Investment Partners LLC now owns 35,763 shares of the home improvement retailer’s stock worth $10,705,000 after purchasing an additional 627 shares in the last quarter. Finally, Finer Wealth Management Inc. raised its stake in shares of Home Depot by 4.5% during the 1st quarter. Finer Wealth Management Inc. now owns 2,111 shares of the home improvement retailer’s stock worth $632,000 after purchasing an additional 90 shares in the last quarter. 70.61% of the stock is owned by hedge funds and other institutional investors.

About Home Depot (NYSE:HD)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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