The stock price of Home Depot, Inc (NYSE: HD) has surged by 2.33 when compared to previous closing price of 410.45, but the company has seen a 2.90% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-23 that We present a highly diversified yet simple portfolio of 10 positions, with 9 funds and one individual MLP stock. The portfolio has been designed for retirees and investors planning for retirement, with a 6% current income yield and potentially 6% plus dividend growth. The portfolio presented uses a hands-off approach, and it is diversified among many asset classes as well as different sectors of the economy to be able to withstand different economic cycles in the next 10 years.
Is It Worth Investing in Home Depot, Inc (NYSE: HD) Right Now?
The price-to-earnings ratio for Home Depot, Inc (NYSE: HD) is above average at 28.54x. The 36-month beta value for HD is also noteworthy at 1.02. There are mixed opinions on the stock, with 21 analysts rating it as a “buy,” 12 rating it as “overweight,” 12 rating it as “hold,” and 2 rating it as “sell.”
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The public float for HD is 992.76M, and at present, short sellers hold a 1.06% of that float. The average trading volume of HD on November 25, 2024 was 3.25M shares.
HD’s Market Performance
The stock of Home Depot, Inc (HD) has seen a 2.90% increase in the past week, with a 4.30% rise in the past month, and a 12.27% gain in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are at 1.95% for HD. The simple moving average for the past 20 days is 4.36% for HD’s stock, with a 14.42% simple moving average for the past 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 “Outperform.” The predicted price for HD in the upcoming period, according to Telsey Advisory Group is $455 based on the research report published on November 08, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see HD reach a price target of $451. The rating they have provided for HD stocks is “Mkt Perform” according to the report published on October 22nd, 2024.
Loop Capital gave a rating of “Buy” to HD, setting the target price at $460 in the report published on October 09th of the current year.
HD Trading at 4.17% 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 -0.37% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +5.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.53% upper at present.
During the last 5 trading sessions, HD rose by +2.90%, which changed the moving average for the period of 200-days by +15.47% in comparison to the 20-day moving average, which settled at $402.47. In addition, Home Depot, Inc saw 21.19% 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 Bastek William D, who proposed sale 2,969 shares at the price of $416.61 back on Nov 22 ’24. After this action, Bastek William D now owns shares of Home Depot, Inc, valued at $1,236,910 using the latest closing price.
Campbell Ann Marie, the Senior EVP of Home Depot, Inc, sale 100 shares at $402.58 during a trade that took place back on Nov 20 ’24, which means that Campbell Ann Marie is holding 12,465 shares at $40,258 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 0.09. The total capital return value is set at 0.31. Equity return is now at value 404.93, with 16.91 for asset returns.
Based on Home Depot, Inc (HD), the company’s capital structure generated 0.91 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 9.65. The interest coverage ratio of the stock is 9.64.
Currently, EBITDA for the company is 24.94 billion with net debt to EBITDA at 2.52. When we switch over and look at the enterprise to sales, we see a ratio of 3.1. The receivables turnover for the company is 26.74for trailing twelve months and the total asset turnover is 1.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
In summary, Home Depot, Inc (HD) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.