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Home Depot, Inc. (HD) Stock Could Soon Reward Patient Investors

Home Depot, Inc. (NYSE: HD) is 4.75% higher on its value in year-to-date trading and has touched a low of $274.26 and a high of $396.87 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HD stock was last observed hovering at around $368.03 in the last trading session, with the day’s loss setting it -5.03%.

Currently trading at $363.00, the stock is -4.25% and -1.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.65 million and changing -1.37% at the moment leaves the stock 9.87% off its SMA200. HD registered 27.21% gain for a year compared to 6-month gain of 20.14%. The firm has a 50-day simple moving average (SMA 50) of $2.67 and a 200-day simple moving average (SMA200) of $16.25.

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The stock witnessed a -5.58% loss in the last 1 month and extending the period to 3 months gives it a 4.75%, and is -5.35% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.01% over the week and 1.66% over the month.

Home Depot, Inc. (HD) has around 463100 employees, a market worth around $359.74B and $152.67B in sales. Current P/E ratio is 24.04 and Fwd P/E is 22.09. Profit margin for the company is 9.92%. Distance from 52-week low is 32.36% and -8.53% from its 52-week high. The company has generated returns on investments over the last 12 months (29.77%).

Home Depot, Inc. quarterly earnings per share for the current quarter are estimated at $3.59 with sales reaching $36.66B over the same period.The EPS is expected to grow by 1.46% this year, but quarterly earnings will post 1.10% year-over-year.

Home Depot, Inc. (HD) Top Institutional Holders

4,309 institutions hold shares in Home Depot, Inc. (HD), with institutional investors hold 72.54% of the company’s shares. The shares outstanding are 992.00M, and float is at 988.49M with Short Float at 1.05%. Institutions hold 72.48% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 94.58 million shares valued at $29.38 billion. The investor’s holdings represent 9.46% of the HD Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 71.34 million shares valued at $22.16 billion to account for 7.13% of the shares outstanding. The other top investors are State Street Corporation which holds 43.42 million shares representing 4.34% and valued at over $13.49 billion, while Capital World Investors holds 3.91% of the shares totaling 39.15 million with a market value of $12.16 billion.

Home Depot, Inc. (HD) Insider Activity

The most recent transaction is an insider sale by Decker Edward P.,the company’sChair, President and CEO. SEC filings show that Decker Edward P. sold 35,987 shares of the company’s common stock on Feb 22 ’24 at a price of $368.63 per share for a total of $13.27 million. Following the sale, the insider now owns 0.11 million shares.

Home Depot, Inc. disclosed in a document filed with the SEC on Feb 22 ’24 that Campbell Ann Marie (Senior EVP) sold a total of 27,574 shares of the company’s common stock. The trade occurred on Feb 22 ’24 and was made at $368.65 per share for $10.17 million. Following the transaction, the insider now directly holds 65520.0 shares of the HD stock.

Still, SEC filings show that on Feb 22 ’24, Hourigan Timothy A. (EVP – Human Resources) disposed off 8,996 shares at an average price of $368.74 for $3.32 million. The insider now directly holds 75,799 shares of Home Depot, Inc. (HD).

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