Look For Institutional Buying In Home Depot, Inc (NYSE: HD)

Home Depot, Inc (HD) concluded trading on Thursday at a closing price of $414.50, with 3.08 million shares of worth about $1.28 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.97% during that period and on January 30, 2025 the price saw a gain of about 0.26%. Currently the company’s common shares owned by public are about 993.00M shares, out of which, 992.74M shares are available for trading.

Stock saw a price change of 0.03% in past 5 days and over the past one month there was a price change of 5.51%. Year-to-date (YTD), HD shares are showing a performance of 6.56% which increased to 16.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $323.77 but also hit the highest price of $439.37 during that period. The average intraday trading volume for Home Depot, Inc shares is 3.33 million. The stock is currently trading 2.94% above its 20-day simple moving average (SMA20), while that difference is up 1.46% for SMA50 and it goes to 10.43% higher than SMA200.

Home Depot, Inc (NYSE: HD) currently have 993.00M outstanding shares and institutions hold larger chunk of about 72.02% of that.

The stock has a current market capitalization of $411.75B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 28.16, while it has posted earnings per share of $14.72 in the same period. Its PEG reads 6.72 and has Quick Ratio of 0.31 while making debt-to-equity ratio of 10.95. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HD, volatility over the week remained 1.86% while standing at 1.70% over the month.

Stock’s fiscal year EPS is expected to drop by -0.20% while it is estimated to increase by 3.80% in next year. EPS is likely to shrink at an annualized rate of 4.19% for next 5-years, compared to annual growth of 9.21% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on November 08, 2024 offering an Outperform rating for the stock and assigned a target price range of between $360 and $455 to it. Coverage by Bernstein stated Home Depot, Inc (HD) stock as a Mkt perform in their note to investors on October 22, 2024, suggesting a price target of $451 for the stock. On October 09, 2024, Loop Capital Upgrade their recommendations, while on October 02, 2024, Gordon Haskett Upgrade their ratings for the stock with a price target of $450. Stock get a Buy rating from Jefferies on July 16, 2024.

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