The Home Depot Inc. [HD] is -23.45% lower this YTD. Is it still time to buy?

Related

The Home Depot Inc. [NYSE: HD] traded at a high on 03/29/22, posting a 1.09 gain after which it closed the day’ session at $317.71. The company report on March 24, 2022 that From Paint to Pro: Kimberly DeJesso Looks Back on 24 Years at The Home Depot.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


Northampton, MA –News Direct– The Home Depot.

Kimberly DeJesso was recruited by the U.S. Air Force after receiving a certification in automotive science from Somerset County Vocational and Technical Institute in New Jersey. One month before she was set to leave for basic military training, Kimberly broke her left wrist and needed surgery. The injury shattered Kimberly’s hope of pursuing a military career and left her questioning her next move at the age of 18.

The results of the trading session contributed to over 5292619 shares changing hands. Over the past one week, the price volatility of The Home Depot Inc. stands at 2.63% while the volatility over the past one month is 2.75%.

The market cap for HD stock reached $333.69 billion, with 1.04 billion shares outstanding and 1.03 billion shares in the current float. Compared to the average trading volume of 4.88M shares, HD reached a trading volume of 5292619 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $383.95 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.

Edward Jones have made an estimate for The Home Depot Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 25, 2022. While these analysts kept the previous recommendation, UBS dropped their target price from $470 to $430. The new note on the price target was released on February 23, 2022, representing the official price target for The Home Depot Inc. stock. Previously, the target price had yet another drop from $448 to $405, while Truist kept a Buy rating on HD stock. On February 23, 2022, analysts decreased their price target for HD shares from 425 to 375.

The Average True Range (ATR) for The Home Depot Inc. is set at 9.56, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 2.21. Price to Free Cash Flow for HD in the course of the last twelve months was 47.53 with Quick ratio for the last quarter at 0.20.

How has HD stock performed recently?

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 -3.65. With this latest performance, HD shares gained by 0.60% in over the last four-week period, additionally sinking by -4.82% over the last 6 months – not to mention a rise of 4.23% 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 41.82, with the RSI for the last a single of trading hit 42.98, and the three-weeks RSI is set at 40.95 for The Home Depot Inc. [HD]. The present Moving Average for the last 50 days of trading for this stock 338.96, while it was recorded at 315.10 for the last single week of trading, and 350.00 for the last 200 days.

The Home Depot Inc. [HD]: Deeper insight into the 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 +15.24 and a Gross Margin at +32.05. The Home Depot Inc.’s Net Margin is presently recorded at +10.87.

Return on Equity for this stock inclined to 2,050.28, with Return on Assets sitting at 23.07.

The Home Depot Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 1.00.

Earnings analysis for The Home Depot Inc. [HD]

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 14.60%.

Insider trade positions for The Home Depot Inc. [HD]

There are presently around $232,387 million, or 71.60% of HD stock, in the hands of institutional investors. The top three institutional holders of HD stocks are: VANGUARD GROUP INC with ownership of 93,202,329, which is approximately -0.065% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 70,040,521 shares of the stock with an approximate value of $22.01 billion in HD stocks shares; and STATE STREET CORP, currently with $14.28 billion in HD stock with ownership of nearly -4.18% 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 1,649 institutional holders increased their position in The Home Depot Inc. [NYSE:HD] by around 20,152,821 shares. Additionally, 1,395 investors decreased positions by around 26,956,926 shares, while 319 investors held positions by with 692,317,519 shares. The mentioned changes placed institutional holdings at 739,427,266 shares, according to the latest SEC report filing. HD stock had 437 new institutional investments in for a total of 4,190,665 shares, while 76 institutional investors sold positions of 1,632,628 shares during the same period.

[class^="wpforms-"]
[class^="wpforms-"]