The stock of The Home Depot Inc. (NYSE:HD) decreased by -$1.16 on Monday to finish at $329.95, down -0.35 percent. The last five days have seen an average of 3,225,940 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $14.09. The average number of shares traded over the last 20 days was 2,828,405, while the average volume over the last 50 days totaled 3,520,738.
HD stock appreciated 4.25% since last month. On 07/18/23, the company’s shares reached a one-month low of $312.13. The stock touched a high of $347.25 on 02/02/23, after rallying from a low of $265.61 in 52 weeks. The price of HD stock has risen by 4.46% or $14.09 this year, reaching a new high 8 times. Still, the stock price is down -4.98% from the 52-week high.
Insider Transactions
HD stock investors should be aware that The Home Depot Inc. (HD) stock had its last reported insider trading activity 90 days ago on May 17. On May 17, EVP – Outside Sales & Service Padilla Hector A sold 1,502 shares at $293.09 each. This transaction resulted in the insider making $440,222. On Nov 18, KINNAIRD JEFFREY G sold 6,403 shares at a price of US$311.65. After the transaction, the insider now owns 25,241 shares. EVP and CIO Siddiqui Fahim had earlier sold 2,000 shares on Nov 17 for $311.29 a share. The transaction was completed for $622,580.
Valuation Metrics
The Home Depot Inc. (HD) has a trailing price-to-earnings (P/E) ratio of 20.09. Beta for the stock is 0.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.12, the price-to-book (PB) ratio of 916.53, and the price-to-cash flow ratio of 25.15.
Company paid $2.09 per share in dividends, remained unchanged from $2.09 last year. A $0.19 dividend increase was reported on Tuesday February 21 2023.
Financial Health
For the three months ended April 29, The Home Depot Inc.’s quick ratio was 0.30, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 113.02, and the total debt to equity ratio is 116.72. As far as profitability goes, gross margin for the trailing twelve months is 33.50% percent. The Home Depot Inc.’s EBITDA margin for the year ended April 29 was 17.16%, whereas its operating margin stood at 15.20% for the same period. Based on annual data, it had gross profit of $52.78 billion and revenue of $157.4 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HD’s return on assets (ROA) during the last 12 months has been 21.90%. There was a 41.70% return on investment (ROI) in the past year.
Earnings Surprise
According to The Home Depot Inc.’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $37.26 billion, while revenues fell by -4.43% to $35.83 billion. It was predicted that The Home Depot Inc.’s quarterly earnings would be $3.4, but it ended up being $3.38, beating the consensus by 0.60%. EBITDA was $6.34 billion for the quarter. At the end of The Home Depot Inc.’s most recent quarter ended April 29, its liabilities totaled 76.02 billion, while its total debt was $49.43 billion. Equity owned by shareholders amounts to $1.01 billion.
Technical Picture
Here’s a quick look at The Home Depot Inc.’s (HD) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 60.09%, suggesting the stock is Neutral, with a 10.28% historical volatility rate.
The stochastic %K and %D were 61.20% and 60.18% respectively, while the average true range (ATR) was 4.40. Based on the 14-day stochastic reading of 56.65%, the RSI (14) reading is 62.02%. On the 9-day MACD Oscillator, the stock is at 1.22, and the 14-day reading is at 0.37.
Analyst Ratings
The Home Depot Inc. (NYSE: HD) was downgraded by Telsey Advisory Group to a a Market perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned The Home Depot Inc. (HD) an Overweight rating. HD is a stock that is recommended for selling by 0 brokerage firms, while 15 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 17 others recommend it as a buy.
What is HD’s price target for the next 12 months?
The current consensus forecast for the stock is between $262.00 and $380.00, with a median target price of $329.50. In analyzing these forecasts, the average price target given by analysts for The Home Depot Inc. (HD) is $326.16.
