The stock of Home Depot, Inc. (NYSE:HD) last traded at $375.27, down -0.98% from the previous session.
HD stock price is now 3.76% away from the 50-day moving average and 15.38% away from the 200-day moving average. The market capitalization of the company currently stands at $373.49B.
With the price target maintained at $323, HSBC Securities recently Downgraded its rating from Hold to Reduce for Home Depot, Inc. (NYSE: HD). On February 15, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $325 to quote $335, while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Decker Edward P., Chair, President and CEO sold 35,987 shares of the company’s stock on Feb 22 ’24. The stock was sold for $13,266,019 at an average price of $368.63. Upon completion of the transaction, the Chair, President and CEO now directly owns 107,731 shares in the company, valued at $40.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22 ’24, Senior EVP Campbell Ann Marie sold 27,574 shares of the business’s stock. A total of $10,165,043 was realized by selling the stock at an average price of $368.65. This leaves the insider owning 65,520 shares of the company worth $24.59 million. A total of 0.25% of the company’s stock is owned by insiders.
During the past 12 months, Home Depot, Inc. has had a low of $274.26 and a high of $385.10. As of last week, the company has a debt-to-equity ratio of 50.04, a current ratio of 1.35, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $420.38B, which is based on a 24.85 price-to-earnings ratio, a 5.52 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for HD is $362.27 and a two-hundred day moving average price translates $325.67 for the stock.
The latest earnings results from Home Depot, Inc. (NYSE: HD) was released for Jan, 2024. According to the Home Improvement Retail Company, earnings per share came in at $2.82, beating analysts’ expectations of $2.77 by 0.05. This compares to $3.31 EPS in the same period last year. The net profit margin was 9.92% and return on equity was 1162.16% for HD. The company reported revenue of $34.79 billion for the quarter, compared to $35.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.92 percent. For the current quarter, analysts expect HD to generate $36.67B in revenue.
Home Depot, Inc.(HD) Company Profile
The Home Depot, Inc. operates as a home improvement retailer in the United States and internationally. It sells 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, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The company primarily serves homeowners; and professional renovators/remodelers, general contractors, maintenance professionals, handymen, property managers, and building service contractors, as well as specialty tradesmen, such as electricians, plumbers, and painters. It sells its products through websites, including homedepot.com; homedepot.ca and homedepot.com.mx; blinds.com, justblinds.com, and americanblinds.com for custom window coverings; thecompanystore.com, an online site for textiles and décor products; hdsupply.com for maintenance, repair, and operations (MRO) products and related services; and The Home Depot stores. The Home Depot, Inc. was incorporated in 1978 and is headquartered in Atlanta, Georgia.
