What Are The Chances Of Home Depot, Inc. (NYSE: HD) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, HD falls under the Consumer Cyclical sector while operating within the Home Improvement Retail industry segment. The current market capitalization of Home Depot, Inc. is $329.77B. A total of 2.62 million shares were traded on the day, compared to an average of 3.67M shares.

In the most recent transaction, Carey Matt sold 56,008 shares of HD for 345.18 per share on May 16 ’24. After the transaction, the EVP, Customer Experience now owns 33,325 company shares. In a previous transaction on May 16 ’24, Siddiqui Fahim sold 3,000 shares at 343.79 per share. HD shares that EVP and CIO owns now total 8,155.

Among the insiders who sold shares, Padilla Hector A disposed of 82 shares on May 15 ’24 at a per-share price of $349.01. This resulted in the EVP – US Sales and Operations holding 14,015 shares of HD after the transaction. In another insider transaction, Decker Edward P. sold 35,987 shares at $368.63 per share on Feb 22 ’24. Company shares held by the Chair, President and CEO now total 107,731.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Home Depot, Inc. pays an annual dividend of $8.68, resulting in a dividend yield of 2.61%, and it has a price to earnings (P/E) ratio of 22.31. HD’s most recent ex-dividend date was 5/30/2024 when it declared a $2.25 quarterly dividend that was paid in cash on 6/13/2024. Previously, the company paid the dividend on 3/21/2024 with an ex-dividend date of 3/6/2024. The HD stock dividend was $2.25 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, HD has a high of $396.87 and a low of $274.26.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. HD’s latest balance sheet shows that the firm has $2.34B in Cash & Short Term Investments as of fiscal 2022. There were $46.27B in debt and $28.69B in liabilities at the time. Its Book Value Per Share was $1.83, while its Total Shareholder’s Equity was -$1.70B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HD is Buy with a score of 4.39.

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