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After finishing at $334.97 in the prior trading day, Home Depot, Inc. (NYSE: HD) closed at $333.76, down -0.36%. In other words, the price has decreased by -$0.36 from its previous closing price. On the day, 1.73 million shares were traded. HD stock price reached its highest trading level at $339.6395 during the session, while it also had its lowest trading level at $333.5401.
Ratios:
Our goal is to gain a better understanding of HD by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 77.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.50. For the most recent quarter (mrq), Quick Ratio is recorded 0.42 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 28.03 whereas as Long-Term Debt/Eq ratio is at 27.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on June 26, 2024, Upgraded its rating to Buy and sets its target price to $395 from $352 previously.
On April 01, 2024, Telsey Advisory Group reiterated its Market Perform rating and also lowered its target price recommendation from $335 to $360.
On March 19, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $415.Mizuho initiated its Buy rating on March 19, 2024, with a $415 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 16 ’24 when Carey Matt sold 56,008 shares for $345.18 per share. The transaction valued at 19,332,587 led to the insider holds 33,325 shares of the business.
Siddiqui Fahim sold 3,000 shares of HD for $1,031,370 on May 16 ’24. The EVP and CIO now owns 8,155 shares after completing the transaction at $343.79 per share. On May 15 ’24, another insider, Padilla Hector A, who serves as the EVP – US Sales and Operations of the company, sold 82 shares for $349.01 each. As a result, the insider received 28,619 and left with 14,015 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HD now has a Market Capitalization of 330842112000 and an Enterprise Value of 378584170496. As of this moment, Home’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.39, and their Forward P/E ratio for the next fiscal year is 20.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.18 while its Price-to-Book (P/B) ratio in mrq is 181.92. Its current Enterprise Value per Revenue stands at 2.493 whereas that against EBITDA is 15.447.
Stock Price History:
Over the past 52 weeks, HD has reached a high of $396.87, while it has fallen to a 52-week low of $274.26. The 50-Day Moving Average of the stock is -1.35%, while the 200-Day Moving Average is calculated to be -0.89%.
Shares Statistics:
The stock has traded on average 3.70M shares per day over the past 3-months and 3951140 shares per day over the last 10 days, according to various share statistics. A total of 992.00M shares are outstanding, with a floating share count of 991.00M. Insiders hold about 0.06% of the company’s shares, while institutions hold 72.80% stake in the company. Shares short for HD as of 1718323200 were 8562983 with a Short Ratio of 2.32, compared to 1715731200 on 8475714. Therefore, it implies a Short% of Shares Outstanding of 8562983 and a Short% of Float of 0.86.
Dividends & Splits
In the trailing 12 months, HD’s forward annual dividend rate was 8.68, compared to 8.68 this year. Against a Trailing Annual Dividend Yield of 0.02591277The stock’s 5-year Average Dividend Yield is 2.3.
