Home Depot (NYSE:HD) Stock Price Down 0.6% – Time to Sell?

Shares of The Home Depot, Inc. (NYSE:HD) were down 0.6% during mid-day trading on Monday . The company traded as low as $378.20 and last traded at $382.86. Approximately 1,285,533 shares traded hands during trading, a decline of 57% from the average daily volume of 3,019,860 shares. The stock had previously closed at $385.30.

Analysts Set New Price Targets

A number of analysts have weighed in on HD shares. TD Cowen increased their target price on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. raised their price target on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Evercore ISI boosted their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada raised their target price on shares of Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a research report on Monday, November 11th. Finally, Stifel Nicolaus boosted their price target on Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Price Performance

The stock’s 50 day simple moving average is $402.13 and its 200-day simple moving average is $397.93. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market cap of $380.42 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Hedge Funds Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its holdings in shares of Home Depot by 10.8% during the third quarter. AMF Tjanstepension AB now owns 171,005 shares of the home improvement retailer’s stock worth $69,340,000 after purchasing an additional 16,650 shares during the period. SYM FINANCIAL Corp grew its holdings in Home Depot by 17.8% in the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after purchasing an additional 289 shares during the period. Wealth Group Ltd. purchased a new stake in shares of Home Depot in the third quarter valued at approximately $217,000. Swedbank AB raised its stake in shares of Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after buying an additional 132,967 shares during the period. Finally, Cross Staff Investments Inc lifted its position in shares of Home Depot by 0.9% during the 3rd quarter. Cross Staff Investments Inc now owns 5,702 shares of the home improvement retailer’s stock valued at $2,311,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.