The Home Depot Inc. [NYSE: HD] stock went on a downward path that fall over -1.94% on Wednesday, amounting to a one-week price decrease of less than -1.86%.
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Over the last 12 months, HD stock dropped by -7.93%. The one-year The Home Depot Inc. stock forecast points to a potential upside of 11.55. The average equity rating for HD stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $299.02 billion, with 1.02 billion shares outstanding and 1.02 billion shares in the current float. Compared to the average trading volume of 3.77M shares, HD stock reached a trading volume of 5892966 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 $328.78 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 2.30. 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.
UBS 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 22, 2023. While these analysts kept the previous recommendation, Robert W. Baird dropped their target price from $360 to $340. The new note on the price target was released on February 22, 2023, representing the official price target for The Home Depot Inc. stock. Previously, the target price had yet another drop from $360 to $340, while Morgan Stanley kept a Overweight rating on HD stock. On February 22, 2023, analysts decreased their price target for HD shares from 310 to 300.
The Average True Range (ATR) for The Home Depot Inc. is set at 7.82, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 1.90. The Price to Book ratio for the last quarter was 228.97, with the Price to Cash per share for the same quarter was set at 2.39. Price to Free Cash Flow for HD in the course of the last twelve months was 86.27 with Quick ratio for the last quarter at 0.30.
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 -1.86. With this latest performance, HD shares dropped by -7.46% in over the last four-week period, additionally sinking by -1.87% over the last 6 months – not to mention a drop of -7.93% 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 31.95, with the RSI for the last a single of trading hit 25.97, and the three-weeks RSI is set at 36.46 for The Home Depot Inc. [HD]. The present Moving Average for the last 50 days of trading for this stock 317.09, while it was recorded at 295.86 for the last single week of trading, and 301.37 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 +15.27 and a Gross Margin at +31.97. The Home Depot Inc.’s Net Margin is presently recorded at +10.87.
The Home Depot Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 1.40.
HD Stock EPS
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 2.22%.
The Home Depot Inc. [HD] Insider Position Details
There are presently around $214,284 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 95,336,930, which is approximately 0.949% of the company’s market cap and around 0.08% of the total institutional ownership; BLACKROCK INC., holding 76,259,539 shares of the stock with an approximate value of $22.18 billion in HD stocks shares; and STATE STREET CORP, currently with $13.29 billion in HD stock with ownership of nearly 4.619% of the company’s market capitalization.
Positions in The Home Depot Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 1,677 institutional holders increased their position in The Home Depot Inc. [NYSE:HD] by around 39,059,707 shares. Additionally, 1,455 investors decreased positions by around 19,431,269 shares, while 361 investors held positions by with 678,410,656 shares. The mentioned changes placed institutional holdings at 736,901,632 shares, according to the latest SEC report filing. HD stock had 302 new institutional investments in for a total of 3,115,605 shares, while 147 institutional investors sold positions of 5,693,264 shares during the same period.