Home Depot, Inc. (NYSE: HD)’s stock price has plunge by -0.78relation to previous closing price of 411.58. Nevertheless, the company has seen a 2.21% surge in its stock price over the last five trading sessions. fool.com reported 2024-10-06 that Falling interest rates should be good news for the home improvement retailer.
Is It Worth Investing in Home Depot, Inc. (NYSE: HD) Right Now?
Home Depot, Inc. (NYSE: HD) has a price-to-earnings ratio of 27.48x that is above its average ratio. Additionally, the 36-month beta value for HD is 1.00. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 12 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HD is 992.68M and currently, short sellers hold a 1.02% ratio of that float. The average trading volume of HD on October 07, 2024 was 3.28M shares.
HD’s Market Performance
The stock of Home Depot, Inc. (HD) has seen a 2.21% increase in the past week, with a 12.85% rise in the past month, and a 20.25% gain in the past quarter. The volatility ratio for the week is 2.01%, and the volatility levels for the past 30 days are at 1.75% for HD. The simple moving average for the past 20 days is 5.06% for HD’s stock, with a 14.24% simple moving average for the past 200 days.
Analysts’ Opinion of HD
Many brokerage firms have already submitted their reports for HD stocks, with Gordon Haskett repeating the rating for HD by listing it as a “Buy.” The predicted price for HD in the upcoming period, according to Gordon Haskett is $450 based on the research report published on October 02, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see HD reach a price target of $426. The rating they have provided for HD stocks is “Buy” according to the report published on July 16th, 2024.
DA Davidson gave a rating of “Buy” to HD, setting the target price at $395 in the report published on June 26th of the current year.
HD Trading at 9.78% 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 -1.12% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 2.01%, as shares surge +13.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.59% upper at present.
During the last 5 trading sessions, HD rose by +2.21%, which changed the moving average for the period of 200-days by +16.40% in comparison to the 20-day moving average, which settled at $391.10. In addition, Home Depot, Inc. saw 17.84% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HD starting from Scardino Kimberly R, who sale 1,700 shares at the price of $363.00 back on Aug 19 ’24. After this action, Scardino Kimberly R now owns 7,037 shares of Home Depot, Inc., valued at $617,100 using the latest closing price.
Roseborough Teresa Wynn, the EVP, Gen. Counsel & Corp. Sec. of Home Depot, Inc., sale 5,195 shares at $359.32 during a trade that took place back on Aug 15 ’24, which means that Roseborough Teresa Wynn is holding 20,399 shares at $1,866,667 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 0.31. Equity return is now at value 513.36, with 17.05 for asset returns.
Based on Home Depot, Inc. (HD), the company’s capital structure generated 0.92 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 12.23. The interest coverage ratio of the stock is 10.28.
Currently, EBITDA for the company is 24.94 billion with net debt to EBITDA at 2.57. When we switch over and look at the enterprise to sales, we see a ratio of 3.08. The receivables turnover for the company is 27.64for trailing twelve months and the total asset turnover is 1.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.15.
Conclusion
In conclusion, Home Depot, Inc. (HD) has seen better performance in recent times. Analysts have a mixed 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.
