Home Depot, Inc. (NYSE: HD) closed the day trading at $368.03 down -4.06% from the previous closing price of $383.60. In other words, the price has decreased by -$15.57 from its previous closing price. On the day, 4255841 shares were traded.
Ratios:
For a better understanding of HD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 97.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.32. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 50.04 whereas as Long-Term Debt/Eq ratio is at 47.73.
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 this company, Telsey Advisory Group on April 01, 2024, Reiterated its Market Perform rating but revised its target price to $360 from $335 previously.
On March 19, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $415.
HSBC Securities Downgraded its Hold to Reduce on February 21, 2024, while the target price for the stock was maintained at $323.
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 Feb 22 ’24 when Decker Edward P. sold 35,987 shares for $368.63 per share. The transaction valued at 13,266,019 led to the insider holds 107,731 shares of the business.
Campbell Ann Marie sold 27,574 shares of HD for $10,165,043 on Feb 22 ’24. The Senior EVP now owns 65,520 shares after completing the transaction at $368.65 per share. On Feb 22 ’24, another insider, Hourigan Timothy A., who serves as the EVP – Human Resources of the company, sold 8,996 shares for $368.74 each. As a result, the insider received 3,317,185 and left with 75,799 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 364.72B and an Enterprise Value of 413.21B. As of this moment, Home’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.37, and their Forward P/E ratio for the next fiscal year is 22.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 349.70. Its current Enterprise Value per Revenue stands at 2.71 whereas that against EBITDA is 16.45.
Stock Price History:
The Beta on a monthly basis for HD is 0.99, which has changed by 24.77% over the last 52 weeks, in comparison to a change of 28.14% over the same period for the S&P500. 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 369.61, while the 200-Day Moving Average is calculated to be 332.07.
Shares Statistics:
Over the past 3-months, HD traded about 3.29M shares per day on average, while over the past 10 days, HD traded about 3.3M shares per day. A total of 992.00M shares are outstanding, with a floating share count of 988.49M. Insiders hold about 0.25% of the company’s shares, while institutions hold 72.50% stake in the company. Shares short for HD as of Mar 15, 2024 were 10.41M with a Short Ratio of 3.16, compared to 10.92M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.05% and a Short% of Float of 1.05%.
Dividends & Splits
HD’s forward annual dividend rate is 8.52, up from 8.52 a year ago. Against a Trailing Annual Dividend Yield of 2.22%, it implies a Forward Annual Dividend Yield of 2.45%. The stock’s 5-year Average Dividend Yield is 2.29. The current Payout Ratio is 55.32% for HD, which recently paid a dividend on Mar 21, 2024 with an ex-dividend date of Mar 06, 2024. Stock splits for the company last occurred on Dec 31, 1999 when the company split stock in a 3:2 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 28 analysts. On average, analysts expect EPS of $3.59 for the current quarter, with a high estimate of $3.84 and a low estimate of $3.22, while EPS last year was $3.4. The consensus estimate for the next quarter is $4.62, with high estimates of $4.9 and low estimates of $4.41.
Analysts are recommending an EPS of between $16.18 and $14.7 for the fiscal current year, implying an average EPS of $15.36. EPS for the following year is $16.49, with 35 analysts recommending between $17.63 and $15.18.
Revenue Estimates
A total of 34 analysts have provided revenue estimates for HD’s current fiscal year. The highest revenue estimate was $158.23B, while the lowest revenue estimate was $150.41B, resulting in an average revenue estimate of $154.36B. In the same quarter a year ago, actual revenue was $152.67B, up 1.10% from the average estimate. Based on 33 analysts’ estimates, the company’s revenue will be $158.31B in the next fiscal year. The high estimate is $163.73B and the low estimate is $152.71B. The average revenue growth estimate for next year is up 2.60% from the average revenue estimate for this year.
