Home Depot (NYSE:HD – Free Report) had its target price upped by Truist Financial from $386.00 to $417.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a buy rating on the home improvement retailer’s stock.
Other analysts also recently issued reports about the company. Guggenheim increased their price target on Home Depot from $370.00 to $390.00 and gave the company a buy rating in a report on Wednesday, February 21st. StockNews.com downgraded Home Depot from a buy rating to a hold rating in a research note on Friday. HSBC downgraded Home Depot from a hold rating to a reduce rating and set a $323.00 price objective for the company. in a research report on Wednesday, February 21st. The Goldman Sachs Group boosted their price objective on Home Depot from $347.00 to $393.00 and gave the stock a buy rating in a research report on Tuesday, February 13th. Finally, Citigroup boosted their target price on Home Depot from $333.00 to $415.00 and gave the stock a buy rating in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $376.15.
Check Out Our Latest Stock Analysis on HD
Home Depot Trading Down 4.1 %
Shares of Home Depot stock opened at $367.97 on Monday. Home Depot has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The firm has a market cap of $364.66 billion, a PE ratio of 24.37, a P/E/G ratio of 2.53 and a beta of 0.98. The business’s fifty day moving average is $369.40 and its two-hundred day moving average is $335.40. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94.
Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.30 EPS. Analysts anticipate that Home Depot will post 15.39 earnings per share for the current year.
Home Depot Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. The ex-dividend date was Wednesday, March 6th. This is an increase from Home Depot’s previous quarterly dividend of $2.09. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.45%. Home Depot’s dividend payout ratio is 59.60%.
Insiders Place Their Bets
In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.
Institutional Trading of Home Depot
Hedge funds have recently modified their holdings of the company. VisionPoint Advisory Group LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $26,000. Bare Financial Services Inc bought a new stake in Home Depot in the 4th quarter valued at $26,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot during the 4th quarter worth about $27,000. Fairfield Bush & CO. bought a new stake in Home Depot during the 1st quarter worth about $27,000. Finally, KB Financial Partners LLC bought a new stake in Home Depot during the 1st quarter worth about $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.
Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. 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.
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