Let’s look at the key reasons that are pushing Home Depot, Inc. (HD) to new highs

On Friday, Home Depot, Inc. (NYSE: HD) was 2.80% up from the session before settling in for the closing price of $365.36. A 52-week range for HD has been $274.26 – $396.87.

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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 7.45%. When this article was written, the company’s average yearly earnings per share was at -0.99%. With a float of $992.68 million, this company’s outstanding shares have now reached $993.29 million.

Let’s determine the extent of company efficiency that accounts for 463100 employees. In terms of profitability, gross margin is 32.66%, operating margin of 13.91%, and the pretax margin is 12.72%.

Home Depot, Inc. (HD) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Home Depot, Inc. stocks. The insider ownership of Home Depot, Inc. is 0.06%, while institutional ownership is 72.61%. The most recent insider transaction that took place on Aug 19 ’24, was worth 617,100. In this transaction SVP-Finance, CAO & Controller of this company sold 1,700 shares at a rate of $363.00, taking the stock ownership to the 7,037 shares. Before that another transaction happened on Aug 15 ’24, when Company’s EVP, Gen. Counsel & Corp. Sec. sold 5,195 for $359.32, making the entire transaction worth $1,866,667. This insider now owns 20,399 shares in total.

Home Depot, Inc. (HD) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 7/31/2024, it has been observed that the corporation posted 3.81 earnings per share (EPS) during the time that was better than consensus figure (set at 3.76) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.99 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -0.99% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.80% during the next five years compared to 9.21% growth over the previous five years of trading.

Home Depot, Inc. (NYSE: HD) Trading Performance Indicators

You can see what Home Depot, Inc. (HD) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.45. Likewise, its price to free cash flow for the trailing twelve months is 22.24.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 14.86, a number that is poised to hit 3.65 in the next quarter and is forecasted to reach 15.68 in one year’s time.

Technical Analysis of Home Depot, Inc. (HD)

Looking closely at Home Depot, Inc. (NYSE: HD), its last 5-days average volume was 3.84 million, which is a jump from its year-to-date volume of 3.45 million. As of the previous 9 days, the stock’s Stochastic %D was 89.47%. Additionally, its Average True Range was 8.37.

During the past 100 days, Home Depot, Inc.’s (HD) raw stochastic average was set at 98.61%, which indicates a significant increase from 98.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.92% in the past 14 days, which was higher than the 22.01% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $353.58, while its 200-day Moving Average is $347.99. However, in the short run, Home Depot, Inc.’s stock first resistance to watch stands at $379.54. Second resistance stands at $383.50. The third major resistance level sits at $390.67. If the price goes on to break the first support level at $368.41, it is likely to go to the next support level at $361.24. Now, if the price goes above the second support level, the third support stands at $357.28.

Home Depot, Inc. (NYSE: HD) Key Stats

There are 991,614K outstanding shares of the company, which has a market capitalization of 373.07 billion. As of now, sales total 152,669 M while income totals 15,143 M. Its latest quarter income was 43,175 M while its last quarter net income were 4,561 M.