The Home Depot Inc. [NYSE: HD] loss -1.07% or -3.44 points to close at $319.26 with a heavy trading volume of 3094393 shares. The company report on July 6, 2021 that The Homer Fund: We’re All Orange at Heart.
Northampton, MA –News Direct– The Home Depot.
Over the past year, throughout our stores, distribution centers, warehouses and call centers, associates have become masters of the unknown. They’ve flexed new muscles, learned new skills and faced challenges head-on. While our individuality makes us stronger, we’re all united by a collective heartbeat. We’re all Orange at Heart.
It opened the trading session at $322.83, the shares rose to $323.83 and dropped to $316.80, the range by which the price of stock traded the whole day. The daily chart for HD points out that the company has recorded 20.97% gains over the past six months. However, it is still -29.66% lower than its most recent low trading price.
If we look at the average trading volume of 3.99M shares, HD reached to a volume of 3094393 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $345.31 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.
Credit Suisse have made an estimate for The Home Depot Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 19, 2021. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on March 09, 2021, representing the official price target for The Home Depot Inc. stock. Previously, the target price had yet another raise to $310, while Guggenheim analysts kept a Buy rating on HD stock. On November 16, 2020, analysts increased their price target for HD shares from 300 to 315.
The Average True Range (ATR) for The Home Depot Inc. is set at 4.38, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 2.39. The Price to Book ratio for the last quarter was 195.87, with the Price to Cash per share for the same quarter was set at 6.28. Price to Free Cash Flow for HD in the course of the last twelve months was 32.54 with Quick ratio for the last quarter at 0.40.
Trading performance analysis for HD stock
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 1.58. With this latest performance, HD shares gained by 2.65% in over the last four-week period, additionally plugging by 20.97% over the last 6 months – not to mention a rise of 27.93% 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 58.24, with the RSI for the last a single of trading hit 62.20, and the three-weeks RSI is set at 55.90 for The Home Depot Inc. [HD]. The present Moving Average for the last 50 days of trading for this stock 317.69, while it was recorded at 320.13 for the last single week of trading, and 289.26 for the last 200 days.
The Home Depot Inc. [HD]: A deeper dive into fundamental analysis
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 0.40 and a Current Ratio set at 1.10.
The Home Depot Inc. [HD]: An earnings per share (EPS) analysis
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 10.57%.
An analysis of insider ownership at The Home Depot Inc. [HD]
There are presently around $241,886 million, or 72.40% of HD stock, in the hands of institutional investors. The top three institutional holders of HD stocks are: VANGUARD GROUP INC with ownership of 93,403,489, which is approximately 4.093% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 72,053,876 shares of the stock with an approximate value of $23.0 billion in HD stocks shares; and STATE STREET CORP, currently with $15.33 billion in HD stock with ownership of nearly -0.928% of the company’s market capitalization.
Positions in The Home Depot Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 1,537 institutional holders increased their position in The Home Depot Inc. [NYSE:HD] by around 32,510,320 shares. Additionally, 1,231 investors decreased positions by around 29,873,926 shares, while 275 investors held positions by with 695,262,503 shares. The mentioned changes placed institutional holdings at 757,646,749 shares, according to the latest SEC report filing. HD stock had 162 new institutional investments in for a total of 1,919,791 shares, while 124 institutional investors sold positions of 2,966,315 shares during the same period.