The Home Depot Inc. [NYSE: HD] stock went on a downward path that fall over -1.38% on Thursday, amounting to a one-week price decrease of less than -0.40%. The company report on April 15, 2021 that The Home Depot Opens Three New Florida Distribution Centers.
The Home Depot announced that it has opened three new distribution centers across Florida, spanning from West Palm Beach and Miami to Fort Myers. The facilities will provide even faster delivery options to customers in the South Florida region. The company plans to open two additional Miami distribution centers in 2022. Together, these five facilities are expected to create more than 150 new full- and part-time jobs across the region.
“Our customers have varying needs – from DIYers renovating their homes to professional contractors on job sites,” said Kyle Dennis, vice president of supply chain development. “These investments are helping us deliver to our Pro and DIY customers across South Florida when, where and how they want.”.
Over the last 12 months, HD stock rose by 57.45%. The one-year The Home Depot Inc. stock forecast points to a potential downside of -4.17. The average equity rating for HD stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $340.01 billion, with 1.07 billion shares outstanding and 1.07 billion shares in the current float. Compared to the average trading volume of 4.74M shares, HD stock reached a trading volume of 4845768 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $308.60 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 2.10. 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.
Citigroup have made an estimate for The Home Depot Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 09, 2021. The new note on the price target was released on January 13, 2021, representing the official price target for The Home Depot Inc. stock. Previously, the target price had yet another raise from $300 to $315, while Telsey Advisory Group kept a Outperform rating on HD stock.
The Average True Range (ATR) for The Home Depot Inc. is set at 5.12, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 2.57. The Price to Book ratio for the last quarter was 104.71, with the Price to Cash per share for the same quarter was set at 7.46. Price to Free Cash Flow for HD in the course of the last twelve months was 34.26 with Quick ratio for the last quarter at 0.50.
HD Stock Performance Analysis:
The Home Depot Inc. [HD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.40. With this latest performance, HD shares gained by 10.86% in over the last four-week period, additionally plugging by 12.38% over the last 6 months – not to mention a rise of 57.45% 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 66.89, with the RSI for the last a single of trading hit 61.82, and the three-weeks RSI is set at 67.21 for The Home Depot Inc. [HD]. The present Moving Average for the last 50 days of trading for this stock 289.52, while it was recorded at 325.26 for the last single week of trading, and 277.71 for the last 200 days.
Insight into The Home Depot Inc. 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 +13.84 and a Gross Margin at +32.34. The Home Depot Inc.’s Net Margin is presently recorded at +9.74.
Return on Total Capital for HD is now 45.14, given the latest momentum, and Return on Invested Capital for the company is 34.27. Return on Equity for this stock inclined to 14,061.20, with Return on Assets sitting at 21.12. When it comes to the capital structure of this company, The Home Depot Inc. [HD] has a Total Debt to Total Equity ratio set at 1,316.22. Additionally, HD Total Debt to Total Capital is recorded at 92.94, with Total Debt to Total Assets ending up at 61.52. Long-Term Debt to Equity for the company is recorded at 1,248.20, with the Long-Term Debt to Total Capital now at 88.14.
Reflecting on the efficiency of the workforce at the company, The Home Depot Inc. [HD] managed to generate an average of $25,487 per employee. Receivables Turnover for the company is 51.83 with a Total Asset Turnover recorded at a value of 2.17.The Home Depot Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.20.
HD Stock EPS
With the latest financial reports released by the company, The Home Depot Inc. posted 2.08/share EPS, while the average EPS was predicted by analysts to be reported at 2.27/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -8.40%. 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 8.71%.
The Home Depot Inc. [HD] Insider Position Details
There are presently around $242,823 million, or 71.70% of HD stock, in the hands of institutional investors. The top three institutional holders of HD stocks are: VANGUARD GROUP INC with ownership of 89,730,498, which is approximately -0.901% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 71,722,993 shares of the stock with an approximate value of $23.06 billion in HD stocks shares; and STATE STREET CORP, currently with $15.58 billion in HD stock with ownership of nearly -5.729% of the company’s market capitalization.
Positions in The Home Depot Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 1,601 institutional holders increased their position in The Home Depot Inc. [NYSE:HD] by around 26,190,749 shares. Additionally, 1,138 investors decreased positions by around 25,353,756 shares, while 251 investors held positions by with 703,831,369 shares. The mentioned changes placed institutional holdings at 755,375,874 shares, according to the latest SEC report filing. HD stock had 297 new institutional investments in for a total of 3,164,168 shares, while 80 institutional investors sold positions of 738,087 shares during the same period.