Home Depot (NYSE:HD) Shares Down 1.1% – What’s Next?

The Home Depot, Inc. (NYSE:HD)’s share price traded down 1.1% on Friday . The stock traded as low as $390.56 and last traded at $390.29. 767,452 shares traded hands during trading, a decline of 74% from the average session volume of 2,940,080 shares. The stock had previously closed at $394.64.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HD shares. Wells Fargo & Company boosted their price objective on shares of Home Depot from $440.00 to $450.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. TD Cowen upped their price target on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Royal Bank of Canada upped their price target on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Evercore ISI upped their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus upped their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Price Performance

The stock has a market capitalization of $382.81 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05. The stock’s 50 day moving average is $402.77 and its two-hundred day moving average is $397.00. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aurdan Capital Management LLC purchased a new position in Home Depot in the 4th quarter worth approximately $676,000. Perennial Advisors LLC purchased a new position in Home Depot in the 4th quarter worth approximately $5,609,000. Vermillion Wealth Management Inc. purchased a new position in Home Depot in the 4th quarter worth approximately $132,000. AlphaCore Capital LLC raised its position in shares of Home Depot by 3.4% during the 4th quarter. AlphaCore Capital LLC now owns 8,447 shares of the home improvement retailer’s stock valued at $3,286,000 after buying an additional 279 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Home Depot by 5.3% during the 4th quarter. Mackenzie Financial Corp now owns 643,284 shares of the home improvement retailer’s stock valued at $250,231,000 after buying an additional 32,275 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

About Home Depot

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.