The price of Home Depot, Inc. (NYSE:HD) shares last traded on Wall Street rose 1.03% to $341.82.
HD stock price is now 1.18% away from the 50-day moving average and 1.59% away from the 200-day moving average. The market capitalization of the company currently stands at $338.95B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $352 to $395, DA Davidson Upgraded its rating from Neutral to Buy for Home Depot, Inc. (NYSE: HD). On April 01, 2024, Telsey Advisory Group reiterated its ‘Market Perform’ rating on the stock by increasing its target price from $335 to quote $360, while ‘Mizuho’ rates the stock as ‘Buy’
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 $11.39 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 $2.79 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 $386695561216, which is based on a 22.93 price-to-earnings ratio, a 6.74 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for HD is $337.9172 and a two-hundred day moving average price translates $336.5217 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.
