The Home Depot Inc. (NYSE:HD) saw a downside of -0.41% to close Tuesday at $327.81 after subtracting -$1.36 on the day. The 5-day average trading volume is 2,836,300 shares of the company’s common stock. It has gained $332.53 in the past week and touched a new high 1 time within the past 5 days. An average of 2,859,640 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,911,860.
HD’s 1-month performance is 5.65% or $25.00 on its low of $303.20 reached on 07/10/23. The company’s shares have touched a 52-week low of $265.61 and high of $347.25, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, HD has achieved 3.78% or $11.95 and has reached a new high 8 times. However, the current price is down -5.60% from the 52-week high price.
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Insider Transactions
HD stock investors last saw insider trading activity on May 17.Padilla Hector A (EVP – Outside Sales & Service) most recently sold 1,502 shares at $293.09 per share on May 17. This transaction cost the insider $440,222. EVP – Merchandising, KINNAIRD JEFFREY G, sold 6,403 shares at a price of $311.65 on Nov 18. Then, on Nov 17, EVP and CIO Siddiqui Fahim sold 2,000 shares at a price of $311.29 per share. This transaction amounted to $622,580.
Valuation Metrics
HD stock has a beta of 0.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.14 while the price-to-book (PB) in the most recent quarter is 910.58, with the price to cash flow ratio at 64.35.
The Home Depot Inc.’s quick ratio for the period ended April 29 was 0.30, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending April 29 was 113.02, while the total debt to equity was 116.72.. In terms of profitability, the gross margin trailing 12 months is 33.50%. The trailing 12-month EBITDA margin is 17.16% while for the period ending April 29, The Home Depot Inc.’s operating margin was 15.20%. The firm’s gross profit as reported stood at $52.78 billion against revenue of $157.4 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -9.24% to $3.87 billion, while revenue of $3.36 billion was 13.19% off the previous quarter. Analysts expected HD to announce $3.38 per share in earnings in its latest quarter, but it posted $3.4, representing a 0.60% surprise. EBITDA for the quarter stood at more than $6.34 billion. HD stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 76.02 billion, with total debt at $49.43 billion. Shareholders hold equity totaling $1.01 billion.
Let’s look briefly at The Home Depot Inc. (HD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 57.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 11.02%.
The stock’s 5-day moving average is $328.35, reflecting a -1.28% or -$4.26 change from its current price. HD is currently trading +4.51% above its 20-day SMA, +13.83% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +14.32% and SMA200 by+18.99%.
Stochastic %K and %D was 63.00% and 67.70% and the average true range (ATR) pointed at 4.41. The RSI (14) points at 60.46%, while the 14-day stochastic is at 58.10% with the period’s ATR at 4.57. The stock’s 9-day MACD Oscillator is pointing at -2.06 and 0.08 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The Home Depot Inc. (NYSE: HD), Telsey Advisory Group downgraded it to a Market perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for HD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HD as a “sell,”, while 16 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 16 have offered a “buy” rating.
What is HD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $262.00 and a high of $375.00, with their median price target at $328.25. Looking at these predictions, the average price target given by analysts is for The Home Depot Inc. (HD) stock is $324.35.
