In the latest trading session, 1.19 million Home Depot, Inc. (NYSE:HD) shares changed hands as the company’s beta touched 1.01. With the company’s most recent per share price at $397.95 changed hands at -$8.45 or -2.08% at last look, the market valuation stands at $395.28B. HD’s current price is a discount, trading about -5.93% off its 52-week high of $421.56. The share price had its 52-week low at $274.26, which suggests the last value was 31.08% up since then. When we look at Home Depot, Inc.’s average trading volume, we note the 10-day average is 2.94 million shares, with the 3-month average coming to 3.25 million.
Analysts gave the Home Depot, Inc. (HD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.02. If we narrow down to specifics, the data shows that 0 out of 17 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended HD as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight. Home Depot, Inc.’s EPS for the current quarter is expected to be 3.62.
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Home Depot, Inc. (NYSE:HD) trade information
Instantly HD was in red as seen in intraday trades today. With action -4.24%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 14.83%, with the 5-day performance at -4.24% in the red. However, in the 30-day time frame, Home Depot, Inc. (NYSE:HD) is 1.53% up. Looking at the short shares, we see there were 10.06 million shares sold at short interest cover period of 3.19 days.
The consensus price target for the stock as assigned by Wall Street analysts is 380, meaning bulls need a downside of -4.72% from its recent market value. According to analyst projections, HD’s forecast low is 210 with 460 as the target high. To hit the forecast high, the stock’s price needs a -15.59% plunge from its current level, while the stock would need to tank 47.23% for it to hit the projected low.
Home Depot, Inc. (HD) estimates and forecasts
Data shows that the Home Depot, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 17.39% over the past 6 months, a -0.73% in annual growth rate that is considerably higher than the industry average of -9.40%. Year-over-year growth is forecast to reach 3.00% up from the last financial year.
Consensus estimates given by 27 financial analysts project the company’s revenue in the current quarter to hit an average of 39.11B. 27 analysts are of the opinion that Home Depot, Inc.’s revenue for the current quarter will be 38.56B. The estimates for the next quarter sales put growth at 10.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.21%. The 2024 estimates are for Home Depot, Inc. earnings to decrease by -1.06%, but the outlook for the next 5-year period is at 3.87% per year.
HD Dividends
Home Depot, Inc. is expected to release its next quarterly earnings report on 2024-Nov-12. The 2.22% annual yield figure for the share gives it an annual dividend of 8.84. It is important to note, however, that the 2.22% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.31 per year.
Home Depot, Inc. (NYSE:HD)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.07% of Home Depot, Inc. shares while 72.02% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.07%. There are 72.02% institutions holding the Home Depot, Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.5193% of the shares, roughly 94.15 million HD shares worth $32.41 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.1938% or 71.15 million shares worth $24.49 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 31.32 shares estimated at $12.5 billion under it, the former controlled 3.15% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.56% of the shares, roughly 25.44 shares worth around $10.16 billion.
