Home Depot, Inc. (HD) Shares Up Despite Recent Market Volatility

Home Depot, Inc. (NYSE: HD)’s stock price has gone rise by 1.69 in comparison to its previous close of 327.03, however, the company has experienced a 1.39% increase in its stock price over the last five trading days. fool.com reported 2024-06-10 that These two companies are leaders in their fields and have demonstrated an ability to withstand competitive forces.

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

The price-to-earnings ratio for Home Depot, Inc. (NYSE: HD) is 22.31x, which is above its average ratio. Moreover, the 36-month beta value for HD is 0.99. Analysts have varying opinions on the stock, with 12 analysts rating it as a “buy,” 12 as “overweight,” 9 as “hold,” and 0 as “sell.”

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The public float for HD is 991.00M and currently, short sellers hold a 0.86% of that float. On June 11, 2024, HD’s average trading volume was 3.67M shares.

HD’s Market Performance

HD stock saw a decrease of 1.39% in the past week, with a monthly decline of -4.28% and a quarterly a decrease of -10.49%. The volatility ratio for the week is 1.49%, and the volatility levels for the last 30 days are 1.71% for Home Depot, Inc. (HD). The simple moving average for the last 20 days is -0.48% for HD’s stock, with a simple moving average of -0.85% for the last 200 days.

Analysts’ Opinion of HD

Many brokerage firms have already submitted their reports for HD stocks, with Telsey Advisory Group repeating the rating for HD by listing it as a “Market Perform.” The predicted price for HD in the upcoming period, according to Telsey Advisory Group is $360 based on the research report published on April 01, 2024 of the current year 2024.

Mizuho, on the other hand, stated in their research note that they expect to see HD reach a price target of $415. The rating they have provided for HD stocks is “Buy” according to the report published on March 19th, 2024.

HSBC Securities gave a rating of “Reduce” to HD, setting the target price at $323 in the report published on February 21st of the current year.

HD Trading at -2.40% 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 -16.20% of loss for the given period.

Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares sank -4.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.31% lower at present.

During the last 5 trading sessions, HD rose by +1.39%, which changed the moving average for the period of 200-days by +1.98% in comparison to the 20-day moving average, which settled at $333.48. In addition, Home Depot, Inc. saw -4.04% 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 Carey Matt, who sale 56,008 shares at the price of $345.18 back on May 16 ’24. After this action, Carey Matt now owns 33,325 shares of Home Depot, Inc., valued at $19,332,587 using the latest closing price.

Siddiqui Fahim, the EVP and CIO of Home Depot, Inc., sale 3,000 shares at $343.79 during a trade that took place back on May 16 ’24, which means that Siddiqui Fahim is holding 8,155 shares at $1,031,370 based on the most recent closing price.

Stock Fundamentals for HD

Current profitability levels for the company are sitting at:

  • 0.14 for the present operating margin
  • 0.33 for the gross margin

The net margin for Home Depot, Inc. stands at 0.1. The total capital return value is set at 0.39. Equity return is now at value 1362.97, with 19.11 for asset returns.

Based on Home Depot, Inc. (HD), the company’s capital structure generated 0.96 points at debt to capital in total, while cash flow to debt ratio is standing at 0.51. The debt to equity ratio resting at 22.5. The interest coverage ratio of the stock is 10.86.

Currently, EBITDA for the company is 24.94 billion with net debt to EBITDA at 1.91. When we switch over and look at the enterprise to sales, we see a ratio of 2.48. The receivables turnover for the company is 36.99for trailing twelve months and the total asset turnover is 1.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.

Conclusion

To wrap up, the performance of Home Depot, Inc. (HD) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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