The Home Depot Inc. [HD] Revenue clocked in at $157.40 billion, down -8.37% YTD: What’s Next?

The Home Depot Inc. [NYSE: HD] gained 0.06% or 0.17 points to close at $289.43 with a heavy trading volume of 4786615 shares. The company report on March 17, 2023 that The Home Depot to Present at the 9th Annual J.P. Morgan Retail Round-Up Conference.

The Home Depot®, the world’s largest home improvement retailer, today announced that Richard McPhail, executive vice president and chief financial officer, will present at the 9th Annual J.P. Morgan Retail Round-Up Conference. The presentation will begin at 9:00 a.m. ET on Thursday, March 30, 2023.

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The presentation will be webcast live at A link will be displayed under “Events and Presentations.” The webcast will be archived and available at the same location approximately one hour after conclusion of the live event.

It opened the trading session at $291.43, the shares rose to $292.89 and dropped to $287.60, the range by which the price of stock traded the whole day. The daily chart for HD points out that the company has recorded 3.21% gains over the past six months. However, it is still -9.42% lower than its most recent low trading price.

If we look at the average trading volume of 3.63M shares, HD reached to a volume of 4786615 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 $326.94 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 6.64, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 1.86. The Price to Book ratio for the last quarter was 187.94, with the Price to Cash per share for the same quarter was set at 2.72. Price to Free Cash Flow for HD in the course of the last twelve months was 79.12 with Quick ratio for the last quarter at 0.30.

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 1.35. With this latest performance, HD shares dropped by -8.97% in over the last four-week period, additionally plugging by 3.21% over the last 6 months – not to mention a drop of -15.06% 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 39.14, with the RSI for the last a single of trading hit 41.04, and the three-weeks RSI is set at 40.10 for The Home Depot Inc. [HD]. The present Moving Average for the last 50 days of trading for this stock 309.29, while it was recorded at 288.36 for the last single week of trading, and 300.98 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 +15.27 and a Gross Margin at +31.97. The Home Depot Inc.’s Net Margin is presently recorded at +10.87.

Return on Total Capital for HD is now 49.82, given the latest momentum, and Return on Invested Capital for the company is 38.01. 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 3,224.33. Additionally, HD Total Debt to Total Capital is recorded at 96.99, with Total Debt to Total Assets ending up at 65.88. Long-Term Debt to Equity for the company is recorded at 3,085.02, with the Long-Term Debt to Total Capital now at 92.80.

Reflecting on the efficiency of the workforce at the company, The Home Depot Inc. [HD] managed to generate an average of $36,270 per employee. Receivables Turnover for the company is 46.69 with a Total Asset Turnover recorded at a value of 2.12.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.

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 2.22%.

An analysis of insider ownership at The Home Depot Inc. [HD]

There are presently around $213,304 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 $22.07 billion in HD stocks shares; and STATE STREET CORP, currently with $13.23 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 1,675 institutional holders increased their position in The Home Depot Inc. [NYSE:HD] by around 39,052,132 shares. Additionally, 1,462 investors decreased positions by around 19,433,386 shares, while 359 investors held positions by with 678,494,411 shares. The mentioned changes placed institutional holdings at 736,979,929 shares, according to the latest SEC report filing. HD stock had 302 new institutional investments in for a total of 3,120,988 shares, while 148 institutional investors sold positions of 5,693,906 shares during the same period.


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