In yesterday’s Wall Street session, Home Depot, Inc. (NYSE:HD) shares traded at $330.59, down -1.65% from the previous session.
HD stock price is now -6.42% away from the 50-day moving average and -1.44% away from the 200-day moving average. The market capitalization of the company currently stands at $327.82B.
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With the price target enhanced from $335 to $360, Telsey Advisory Group maintained Market Perform rating for Home Depot, Inc. (NYSE: HD). On March 19, 2024, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $415, while ‘HSBC Securities’ rates the stock as ‘Reduce’
In other news, Carey Matt, EVP, Customer Experience sold 56,008 shares of the company’s stock on May 16 ’24. The stock was sold for $19,332,587 at an average price of $345.18. Upon completion of the transaction, the EVP, Customer Experience now directly owns 33,325 shares in the company, valued at $11.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’24, EVP and CIO Siddiqui Fahim sold 3,000 shares of the business’s stock. A total of $1,031,370 was realized by selling the stock at an average price of $343.79. This leaves the insider owning 8,155 shares of the company worth $2.7 million. A total of 0.06% 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 $396.87. As of last week, the company has a debt-to-equity ratio of 28.03, a current ratio of 1.34, and a quick ratio of 0.42. According to the stock market information, the enterprise value for the company is $375559749632, which is based on a 22.18 price-to-earnings ratio, a 5.28 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for HD is $352.4018 and a two-hundred day moving average price translates $335.42426 for the stock.
The latest earnings results from Home Depot, Inc. (NYSE: HD) was released for 2024-04-28. The net profit margin was 9.79% and return on equity was 1362.97% for HD. The company reported revenue of $36.42 billion for the quarter, compared to $37.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.25 percent.
