Investing In Home Depot, Inc. (NYSE: HD): Why Should You?

After Hours

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.

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Stocks Info

The company is listed on the NYSE and operates within the Home Improvement Retail industry segment. The current market capitalization of Home Depot, Inc. is $367.35B. A total of 3.83 million shares were traded on the day, compared to an average of 3.52M shares.

In the most recent transaction, Scardino Kimberly R sold 1,700 shares of HD for 363.00 per share on Aug 19 ’24. After the transaction, the SVP-Finance, CAO & Controller now owns 7,037 company shares. In a previous transaction on Aug 15 ’24, Roseborough Teresa Wynn sold 5,195 shares at 359.32 per share. HD shares that EVP, Gen. Counsel & Corp. Sec. owns now total 20,399.

Among the insiders who bought shares, Scardino Kimberly R acquired of 1,700 shares on Aug 19 ’24 at a per-share price of $363.00. In another insider transaction, Roseborough Teresa Wynn bought 5,195 shares at $359.32 per share on Aug 15 ’24.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Home Depot, Inc. pays an annual dividend of $8.68, resulting in a dividend yield of 2.34%, and it has a price to earnings (P/E) ratio of 24.93. HD’s most recent ex-dividend date was 8/29/2024 when it declared a $2.25 quarterly dividend that was paid in cash on 9/12/2024. Previously, the company paid the dividend on 6/13/2024 with an ex-dividend date of 5/30/2024. The HD stock dividend was $2.25 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, HD has a high of $396.87 and a low of $274.26.

As of this writing, HD has an earnings estimate of $3.61 per share for the current quarter. EPS was calculated based on a consensus of 25.0 estimates, with a high estimate of $3.83 per share and a lower estimate of $3.38.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $4.45, while its Total Shareholder’s Equity was -$1.70B.

Analysts Opinion

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. 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 4.45.

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