Home Depot, Inc. (NYSE: HD) has a price-to-earnings ratio of 19.67x that is above its average ratio. Additionally, the 36-month beta value for HD is 0.94. There are mixed opinions on the stock, with 17 analysts rating it as a “buy,” 2 rating it as “overweight,” 16 rating it as “hold,” and 1 rating it as “sell.”

The average price predicted by analysts for HD is $330.73, which is $29.14 above the current price. The public float for HD is 997.59M and currently, short sellers hold a 0.80% ratio of that float. The average trading volume of HD on November 17, 2023 was 2.96M shares.

HD) stock’s latest price update

Home Depot, Inc. (NYSE: HD)’s stock price has dropped by -0.57 in relation to previous closing price of 308.19. Nevertheless, the company has seen a gain of 6.45% in its stock price over the last five trading days. Yahoo Finance reported 2023-11-16 that Retailers such as Walmart (WMT), Target (TGT), and Home Depot (HD) are starting to raise concerns about consumer spending. In an interview with Yahoo Finance, Walmart CFO John David Rainey said consumers are starting to focus on needs, not wants.

HD’s Market Performance

Home Depot, Inc. (HD) has experienced a 6.45% rise in stock performance for the past week, with a 5.58% rise in the past month, and a -6.39% drop in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 1.56% for HD. The simple moving average for the past 20 days is 5.95% for HD’s stock, with a 0.79% simple moving average for the past 200 days.

Analysts’ Opinion of HD

Many brokerage firms have already submitted their reports for HD stocks, with RBC Capital Mkts repeating the rating for HD by listing it as a “Sector Perform.” The predicted price for HD in the upcoming period, according to RBC Capital Mkts is $303 based on the research report published on November 07, 2023 of the current year 2023.

HD Trading at 2.32% 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 -11.75% of loss for the given period.

Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +6.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.69% lower at present.

During the last 5 trading sessions, HD rose by +6.45%, which changed the moving average for the period of 200-days by -6.60% in comparison to the 20-day moving average, which settled at $290.21. In addition, Home Depot, Inc. saw -2.98% 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 McPhail Richard V, who sale 2,000 shares at the price of $332.26 back on Sep 01. After this action, McPhail Richard V now owns 37,048 shares of Home Depot, Inc., valued at $664,520 using the latest closing price.

Hourigan Timothy A., the EVP – Human Resources of Home Depot, Inc., sale 12,120 shares at $325.40 during a trade that took place back on Aug 24, which means that Hourigan Timothy A. is holding 73,049 shares at $3,943,848 based on the most recent closing price.

Stock Fundamentals for HD

Current profitability levels for the company are sitting at:

• +15.27 for the present operating margin
• +31.97 for the gross margin

The net margin for Home Depot, Inc. stands at +10.87. The total capital return value is set at 49.82, while invested capital returns managed to touch 38.01. Equity return is now at value 1151.32, with 20.60 for asset returns.

Based on Home Depot, Inc. (HD), the company’s capital structure generated 3,224.33 points at debt to equity in total, while total debt to capital is 96.99. Total debt to assets is 65.88, with long-term debt to equity ratio resting at 3,085.02. Finally, the long-term debt to capital ratio is 92.80.

When we switch over and look at the enterprise to sales, we see a ratio of 2.31, with the company’s debt to enterprise value settled at 0.14. The receivables turnover for the company is 46.69 and the total asset turnover is 2.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.

Conclusion

In conclusion, Home Depot, Inc. (HD) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.