Home Depot (NYSE:HD – Free Report) had its price objective raised by Truist Financial from $356.00 to $387.00 in a research note published on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the home improvement retailer’s stock.
HD has been the subject of several other research reports. StockNews.com lowered shares of Home Depot from a buy rating to a hold rating in a report on Sunday, October 15th. HSBC initiated coverage on shares of Home Depot in a report on Friday, September 22nd. They set a hold rating and a $365.00 price target for the company. Telsey Advisory Group restated a market perform rating and set a $325.00 price target on shares of Home Depot in a report on Wednesday, November 15th. Oppenheimer restated an outperform rating and set a $360.00 price target on shares of Home Depot in a report on Wednesday, November 15th. Finally, Royal Bank of Canada reduced their price objective on shares of Home Depot from $303.00 to $299.00 and set a sector perform rating for the company in a research report on Wednesday, November 15th. Eleven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $343.00.
Read Our Latest Research Report on Home Depot
Home Depot Stock Up 0.1 %
Shares of NYSE HD opened at $348.99 on Thursday. The company has a 50 day simple moving average of $307.38 and a 200 day simple moving average of $312.43. The firm has a market cap of $347.34 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.94. Home Depot has a 1 year low of $274.26 and a 1 year high of $354.92. The company has a debt-to-equity ratio of 28.37, a current ratio of 1.30 and a quick ratio of 0.33.
Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.06. The business had revenue of $37.71 billion during the quarter, compared to analyst estimates of $37.59 billion. Home Depot had a net margin of 10.22% and a return on equity of 1,339.65%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business earned $4.24 EPS. On average, research analysts forecast that Home Depot will post 15.05 EPS for the current year.
Home Depot Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were given a $2.09 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $8.36 annualized dividend and a yield of 2.40%. Home Depot’s payout ratio is currently 53.66%.
Insider Buying and Selling at Home Depot
In related news, EVP Ann Marie Campbell sold 127 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $307.07, for a total transaction of $38,997.89. Following the completion of the transaction, the executive vice president now owns 12,565 shares in the company, valued at $3,858,334.55. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO Kimberly R. Scardino sold 1,375 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $306.51, for a total value of $421,451.25. Following the sale, the chief accounting officer now directly owns 6,744 shares of the company’s stock, valued at $2,067,103.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 127 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $307.07, for a total value of $38,997.89. Following the completion of the sale, the executive vice president now directly owns 12,565 shares in the company, valued at $3,858,334.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,114 shares of company stock worth $966,456. 0.19% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Home Depot
A number of institutional investors have recently modified their holdings of HD. BCK Partners Inc. bought a new position in Home Depot in the first quarter valued at about $2,933,000. Fairfield Bush & CO. bought a new position in Home Depot in the first quarter valued at about $27,000. Ergoteles LLC bought a new position in Home Depot in the first quarter valued at about $1,554,000. Equitable Holdings Inc. lifted its holdings in Home Depot by 7.4% in the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after acquiring an additional 1,007 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Home Depot by 3.2% in the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after acquiring an additional 24,640 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
Further Reading
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