The Home Depot Inc. [HD] gain 25.45% so far this year. What now?

The Home Depot Inc. [NYSE: HD] surged by $0.65 during the normal trading session on Wednesday and reaching a high of $274.74 during the day while it closed the day at $273.96. The company report on November 20, 2020 that The Home Depot Declares Third Quarter Dividend Of $1.50.

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The Home Depot®, the world’s largest home improvement retailer, announced that its board of directors declared a third quarter cash dividend of $1.50 per share. The dividend is payable on December 17, 2020, to shareholders of record on the close of business on December 3, 2020. This is the 135th consecutive quarter the company has paid a cash dividend.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,295 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2019, The Home Depot had sales of $110.2 billion and earnings of $11.2 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

The Home Depot Inc. stock has also gained 1.53% of its value over the past 7 days. However, HD stock has declined by -5.08% in the 3 months of the year. Over the past six months meanwhile, it has gained 10.25% and gained 25.45% year-on date.

The market cap for HD stock reached $296.13 billion, with 1.08 billion shares outstanding and 1.07 billion shares in the current float. Compared to the average trading volume of 3.55M shares, HD reached a trading volume of 2981866 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about The Home Depot Inc. [HD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HD shares is $304.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HD stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for The Home Depot Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 16, 2020. The new note on the price target was released on November 12, 2020, representing the official price target for The Home Depot Inc. stock. Previously, the target price had yet another raise from $330 to $350, while BofA Securities kept a Buy rating on HD stock.

The Average True Range (ATR) for The Home Depot Inc. is set at 6.24, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 2.36. Price to Free Cash Flow for HD in the course of the last twelve months was 48.59 with Quick ratio for the last quarter at 0.70.

HD stock trade performance evaluation

The Home Depot Inc. [HD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.53. With this latest performance, HD shares dropped by -1.04% in over the last four-week period, additionally plugging by 10.25% over the last 6 months – not to mention a rise of 24.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HD stock in for the last two-week period is set at 49.29, with the RSI for the last a single of trading hit 48.72, and the three-weeks RSI is set at 48.15 for The Home Depot Inc. [HD]. The present Moving Average for the last 50 days of trading for this stock 277.37, while it was recorded at 271.88 for the last single week of trading, and 249.18 for the last 200 days.

The Home Depot Inc. [HD]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Home Depot Inc. [HD] shares currently have an operating margin of +14.37 and a Gross Margin at +32.28. The Home Depot Inc.’s Net Margin is presently recorded at +10.20.

Return on Total Capital for HD is now 51.45, given the latest momentum, and Return on Invested Capital for the company is 40.48. Additionally, HD Total Debt to Total Capital is recorded at 109.09, with Total Debt to Total Assets ending up at 72.95.

Reflecting on the efficiency of the workforce at the company, The Home Depot Inc. [HD] managed to generate an average of $27,044 per employee. Receivables Turnover for the company is 54.54 with a Total Asset Turnover recorded at a value of 2.31.The Home Depot Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.30.

Earnings per share (EPS) analysis for The Home Depot Inc. [HD] stock

With the latest financial reports released by the company, The Home Depot Inc. posted 2.28/share EPS, while the average EPS was predicted by analysts to be reported at 2.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Home Depot Inc. go to 7.60%.

The Home Depot Inc. [HD]: Insider Ownership positions

There are presently around $206,962 million, or 71.80% of HD stock, in the hands of institutional investors. The top three institutional holders of HD stocks are: VANGUARD GROUP INC with ownership of 90,546,232, which is approximately -1.094% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 72,511,974 shares of the stock with an approximate value of $19.87 billion in HD stocks shares; and STATE STREET CORP, currently with $14.09 billion in HD stock with ownership of nearly -0.929% of the company’s market capitalization.

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Positions in The Home Depot Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 1,213 institutional holders increased their position in The Home Depot Inc. [NYSE:HD] by around 20,403,997 shares. Additionally, 1,243 investors decreased positions by around 23,005,355 shares, while 290 investors held positions by with 712,035,886 shares. The mentioned changes placed institutional holdings at 755,445,238 shares, according to the latest SEC report filing. HD stock had 123 new institutional investments in for a total of 1,728,394 shares, while 67 institutional investors sold positions of 3,231,951 shares during the same period.

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