Home Depot, Inc. [NYSE: HD] traded at a high on Tuesday, posting a 1.50 gain after which it closed the day’ session at $414.18.
The results of the trading session contributed to over 3606520 shares changing hands. Over the past one week, the price volatility of Home Depot, Inc. stands at 2.01% while the volatility over the past one month is 1.77%.
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The market cap for HD stock reached $411.40 billion, with 993.29 million shares outstanding and 992.68 million shares in the current float. Compared to the average trading volume of 3.29M shares, HD reached a trading volume of 3606520 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $397.94 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 2.05. 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.
Gordon Haskett have made an estimate for Home Depot, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 02, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on July 16, 2024, representing the official price target for Home Depot, Inc. stock. Previously, the target price had yet another raise from $352 to $395, while DA Davidson kept a Buy rating on HD stock. On April 01, 2024, analysts increased their price target for HD shares from 335 to 360.
The Average True Range (ATR) for Home Depot, Inc. is set at 7.35, with the Price to Sales ratio for HD stock in the period of the last 12 months amounting to 2.71. The Price to Book ratio for the last quarter was 93.05, with the Price to Cash per share for the same quarter was set at 1.62. Price to Free Cash Flow for HD in the course of the last twelve months was 24.52 with Quick ratio for the last quarter at 0.33.
How has HD stock performed recently?
Home Depot, Inc. [HD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.25. With this latest performance, HD shares gained by 13.31% in over the last four-week period, additionally plugging by 14.60% over the last 6 months – not to mention a rise of 41.45% 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 76.91, with the RSI for the last a single of trading hit 80.04, and the three-weeks RSI is set at 73.06 for Home Depot, Inc. [HD]. The present Moving Average for the last 50 days of trading for this stock 375.11, while it was recorded at 410.69 for the last single week of trading, and 358.36 for the last 200 days.
Home Depot, Inc. [HD]: Deeper insight into the fundamentals
Home Depot, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.33 and a Current Ratio set at 1.15.
Earnings analysis for Home Depot, Inc. [HD]
With the latest financial reports released by the company, Home Depot, Inc. posted 3.81/share EPS, while the average EPS was predicted by analysts to be reported at 3.76/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. 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 Home Depot, Inc. go to 3.87%.
Insider trade positions for Home Depot, Inc. [HD]
There are presently around $72.11%, or 72.16%% of HD stock, in the hands of institutional investors. The top three institutional holders of HD stocks are: VANGUARD GROUP INC with ownership of 94.15 million shares, which is approximately 9.5193%. BLACKROCK INC., holding 71.15 million shares of the stock with an approximate value of $$24.49 billion in HD stocks shares; and BLACKROCK INC., currently with $$15.97 billion in HD stock with ownership which is approximately 4.6912%.
