The Home Depot Inc. (HD) Reached A New High 3 times During The Past Five Days

As of Thursday close, The Home Depot Inc.’s (NYSE:HD) stock was up $0.8, moving up 0.26 percent to $307.17. The average number of shares traded per day over the past five days has been 3,135,680 shares. 3 times new highs have been achieved over the past 5 days, with a $7.54 gain in that time frame. In the last twenty days, the average volume was 2,755,515, while in the previous 50 days, it was 3,689,882.

Since last month, HD stock rose 8.32%. Shares of the company fell to $275.03 on 07/05/22, the lowest level in the past month. A 52-week high of $420.61 was reached on 01/03/22 after having rallying from a 52-week low of $264.51. Since the beginning of this year, HD’s stock price has dropped by -25.98% or -$107.84, and marked a new high 1 time. However, the stock has declined by -26.97% since its 52-week high.

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The Home Depot Inc. (HD) last reported insider trading activity 73 days ago on May 24. Campbell Ann Marie, the EVP – U.S. Stores & Int’l Ops of the company, disposed of 11,293 shares for $288.03 on May 24. It resulted in a $3,252,700 divestment by the insider. Seidman Becker Caryn added 1,500 shares at an average price of $287.73 on May 23. The insider now owns 1,500 shares following the transaction. On May 19, EVP – Outside Sales & Service Padilla Hector A sold 136 shares at $289.23 apiece. The transaction was valued at $39,335.

Valuation Metrics

Right now, The Home Depot Inc. (HD) has a P/E ratio of about 19.50. The stock’s beta is 1.00.

The latest dividend of $1.90 per share was paid out, remained unchanged from last year’s $1.90. On Tuesday February 22 2022, a $0.25 dividend increase was announced.

Financial Health

In the three months ended April 29, The Home Depot Inc.’s quick ratio stood at 0.30, while its current ratio was 1.10, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 33.60% percent. In the year ended April 29, operating margins totaled 15.20%. Based on annual data, HD earned $50.83 billion in gross profit and brought in $151.16 billion in revenue.

In The Home Depot Inc.’s quarter-end financial report for April 29, it reported total debt of $39.16 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HD’s revenue rose 3.62% to $35.72 billion during the quarter, while net income inched up to $38.91 billion. While analysts expected The Home Depot Inc. to report $3.68 quarterly earnings, the actual figure was $4.09 per share, beating the consensus estimate by 11.10%. During the quarter, the company generated $6.66 billion in EBITDA. The liabilities of The Home Depot Inc. were 78.28 billion at the end of its most recent quarter ended April 29, and its total debt was $48.48 billion. The value of shareholders’ equity is $1.03 billion.

Technical Picture

This quick technical analysis looks at The Home Depot Inc.’s (HD) price momentum. With a historical volatility rate of 21.33%, the RSI 9-day stood at 65.84% on 04 August.

With respect to its five-day moving average, the current The Home Depot Inc. price is up by +2.52% percent or $7.54. At present, HD shares trade +7.14% above its 20-day simple moving average and -3.04% percent below its 100-day simple moving average. However, the stock is currently trading approximately +7.39% above its SMA50 and -13.48% below its SMA200.

Stochastic coefficient K was 75.11% and Stochastic coefficient D was 74.67%, while ATR was 6.88. Given the Stochastic reading of 81.46% for the 14-day period, the RSI (14) reading has been calculated as 63.02%. As of today, the MACD Oscillator reading stands at 2.10, while the 14-day reading stands at 2.56.

Analyst Ratings

MKM Partners launched its rating on The Home Depot Inc. (NYSE: HD) to a Neutral in a note to investors on June 23, 2022. The Home Depot Inc. (HD) has been rated Overweight by analysts. According to 0 brokerage firms, HD is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 6 analysts rate The Home Depot Inc. stock as buy, with 18 recommending it as overweight.

With a median target price of $339.00, the current consensus forecast for the stock is $285.00 – $470.00. Based on these forecasts, analysts predict The Home Depot Inc. (HD) will achieve an average price target of $348.47.


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