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Can The Home Depot Inc. (HD) Remain Competitive?

The Home Depot Inc. (NYSE:HD) went down by -0.89% from its latest closing price compared to the recent 1-year high of $420.61. The company’s stock price has collected -0.88% of loss in the last five trading sessions. Barron’s reported on 08/17/22 that Lowe’s Profit Tops Estimates, but Same Sales Miss as Housing Slows

Is It Worth Investing in The Home Depot Inc. (NYSE :HD) Right Now?

The Home Depot Inc. (NYSE:HD) scored a price-to-earnings ratio above its average ratio, recording 16.54 x from its present earnings ratio. Plus, the 36-month beta value for HD is at 0.99. Opinions of the stock are interesting as 18 analysts out of 34 who provided ratings for The Home Depot Inc. declared the stock was a “buy,” while 5 rated the stock as “overweight,” 10 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $358.93, which is $85.83 above the current price. HD currently public float of 1.02B and currently shorts hold a 0.74% ratio of that float. Today, the average trading volume of HD was 3.39M shares.

HD’s Market Performance

HD stocks went down by -0.88% for the week, with a monthly drop of -12.30% and a quarterly performance of -2.28%, while its annual performance rate touched -19.88%. The volatility ratio for the week stands at 2.57% while the volatility levels for the past 30 days are set at 2.54% for The Home Depot Inc. The simple moving average for the period of the last 20 days is -7.05% for HD stocks with a simple moving average of -16.52% for the last 200 days.

Analysts’ Opinion of HD

Many brokerage firms have already submitted their reports for HD stocks, with MKM Partners repeating the rating for HD by listing it as a “Neutral.” The predicted price for HD in the upcoming period, according to MKM Partners is $285 based on the research report published on June 23rd of the current year 2022.

Wedbush, on the other hand, stated in their research note that they expect to see HD reach a price target of $320, previously predicting the price at $340. The rating they have provided for HD stocks is “Neutral” according to the report published on May 18th, 2022.

Raymond James gave a rating of “Outperform” to HD, setting the target price at $340 in the report published on May 18th of the current year.

HD Trading at -10.22% from the 50-Day Moving Average

After a stumble in the market that brought HD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.01% of loss for the given period.

Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 2.57%, as shares sank -12.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.28% lower at present.

During the last 5 trading sessions, HD fell by -0.88%, which changed the moving average for the period of 200-days by -35.26% in comparison to the 20-day moving average, which settled at $287.61. In addition, The Home Depot Inc. saw -35.15% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HD starting from Siddiqui Fahim, who sale 1,000 shares at the price of $300.59 back on Sep 09. After this action, Siddiqui Fahim now owns 6,180 shares of The Home Depot Inc., valued at $300,590 using the latest closing price.

Carey Matt, the EVP, Customer Experience of The Home Depot Inc., sale 12,650 shares at $316.26 during a trade that took place back on Aug 22, which means that Carey Matt is holding 34,522 shares at $4,000,705 based on the most recent closing price.

Stock Fundamentals for HD

Current profitability levels for the company are sitting at:

  • +15.24 for the present operating margin
  • +32.05 for the gross margin

The net margin for The Home Depot Inc. stands at +10.87.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.