Now Is A Suitable Moment For A Long-Term Purchase Of Home Depot, Inc. (NYSE: HD)

Currently, there are 992.00M common shares owned by the public and among those 988.49M shares have been available to trade.

The company’s stock has a 5-day price change of -5.35% and 4.75% over the past three months. HD shares are trading 4.75% year to date (YTD), with the 12-month market performance up to 27.21% higher. It has a 12-month low price of $274.26 and touched a high of $396.87 over the same period. HD has an average intraday trading volume of 3.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.25%, -1.65%, and 9.87% respectively.

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Institutional ownership of Home Depot, Inc. (NYSE: HD) shares accounts for 72.48% of the company’s 992.00M shares outstanding.

It has a market capitalization of $359.74B and a beta (3y monthly) value of 0.99. The stock’s trailing 12-month PE ratio is 24.04, while the earnings-per-share (ttm) stands at $15.10. The company has a PEG of 5.59 and a Quick Ratio of 0.40 with the debt-to-equity ratio at 50.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.01% over the week and 1.66% over the month.

Analysts forecast that Home Depot, Inc. (HD) will achieve an EPS of $3.59 for the current quarter, $4.62 for the next quarter and $16.49 for 2026. The lowest estimate earnings-per-share for the quarter is $3.22 while analysts give the company a high EPS estimate of $3.84. Comparatively, EPS for the current quarter was $3.4 a year ago. Earnings per share for the fiscal year are expected to increase by 1.46%, and 7.17% over the next financial year. EPS should shrink at an annualized rate of 4.30% over the next five years, compared to 9.21% over the past 5-year period.

Looking at the support for the HD, a number of firms have released research notes about the stock. Telsey Advisory Group stated their Market Perform rating for the stock in a research note on April 01, 2024, with the firm’s price target at $335-$360. Mizuho coverage for the Home Depot, Inc. (HD) stock in a research note released on March 19, 2024 offered a Buy rating with a price target of $415. HSBC Securities was of a view on February 21, 2024 that the stock is Reduce, while Telsey Advisory Group gave the stock Market Perform rating on February 15, 2024, issuing a price target of $325- $335. Oppenheimer on their part issued Perform rating on January 22, 2024.

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