Market's Perception of Home Depot (HD) Shares

By Tamara Parker • Wednesday, December 20 16:20 • Permanent Link

After this evening's -1.0% drop to $348.66 per share, Home Depot might just keep moving past its target price of $332.12. With an average analyst rating of buy, and target prices from $245.0 to $380.0, the stock's next move is anyone's guess.

Home Depot's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.8%. The stock's short ratio is 2.27. At 0.08%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.

Another number to watch is the company's rate of institutional share ownership, which now stands at 71.7%. In conclusion, we believe there is mixed market sentiment regarding Home Depot.

Institutions Invested in Home Depot

Date Reported	Holder	Percentage	Shares	Value
2023-09-30	Vanguard Group Inc	9%	94,427,353	$32,923,041,242
2023-09-30	Blackrock Inc.	7%	70,020,123	$24,413,216,341
2023-09-30	State Street Corporation	4%	42,079,636	$14,671,486,041
2023-09-30	Capital World Investors	4%	38,811,236	$13,531,925,685
2023-09-30	Geode Capital Management, LLC	2%	19,683,216	$6,862,750,162
2023-09-30	Morgan Stanley	2%	18,380,817	$6,408,655,722
2023-09-30	Bank of America Corporation	1%	14,817,678	$5,166,331,665
2023-09-30	Capital Research Global Investors	1%	13,773,143	$4,802,144,088
2023-09-30	Charles Schwab Investment Management, Inc.	1%	12,870,163	$4,487,311,078
2023-09-30	Northern Trust Corporation	1%	12,347,396	$4,305,043,134

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.