Home Depot (NYSE:HD) Shares Down 0.6% – What’s Next?

The Home Depot, Inc. (NYSE:HD)’s share price traded down 0.6% during trading on Monday . The stock traded as low as $378.20 and last traded at $382.86. 1,285,533 shares changed hands during trading, a decline of 57% from the average session volume of 3,019,860 shares. The stock had previously closed at $385.30.

Analysts Set New Price Targets

Several research firms have recently weighed in on HD. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, February 10th. TD Cowen boosted their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Barclays increased their price target on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company increased their target price on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $433.44.

Home Depot Price Performance

The company has a market cap of $380.42 billion, a P/E ratio of 26.01, a PEG ratio of 4.03 and a beta of 1.05. The firm’s 50-day moving average is $402.13 and its two-hundred day moving average is $397.93. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Institutional Trading of Home Depot

Hedge funds have recently made changes to their positions in the business. Instrumental Wealth LLC increased its position in shares of Home Depot by 7.0% during the 4th quarter. Instrumental Wealth LLC now owns 597 shares of the home improvement retailer’s stock valued at $230,000 after purchasing an additional 39 shares during the last quarter. Hall Capital Management Co. Inc. purchased a new position in Home Depot during the fourth quarter worth $3,384,000. Liberty Square Wealth Partners LLC bought a new position in Home Depot during the fourth quarter valued at $337,000. Cypress Asset Management Inc. TX purchased a new stake in shares of Home Depot in the fourth quarter valued at $7,063,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Home Depot in the fourth quarter valued at $1,162,000. 70.86% of the stock is currently 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.