The Home Depot, Inc. (HD) Announces Quarterly Dividend of $0.47
The Home Depot (NYSE:HD) declared a quarterly dividend on Thursday, August 21st, AnalystRatingsNetwork reports. Investors of record on Thursday, September 4th will be given a dividend of 0.47 per share on Thursday, September 18th. This represents a $1.88 dividend on an annualized basis and a yield of 2.07%.
HD has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of The Home Depot in a research note on Wednesday. They now have a $95.00 price target on the stock, up previously from $92.00. On a related note, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Home Depot in a research note on Wednesday. They now have a $98.00 price target on the stock, up previously from $85.00. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of The Home Depot in a research note on Wednesday. They now have a $91.00 price target on the stock, up previously from $85.50. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $90.80.
The Home Depot (NYSE:HD) traded up 0.56% on Thursday, hitting $91.257. 6,135,693 shares of the company’s stock traded hands. The Home Depot has a 1-year low of $72.21 and a 1-year high of $91.07. The stock has a 50-day moving average of $81.57 and a 200-day moving average of $79.66. The company has a market cap of $124.8 billion and a P/E ratio of 23.07. The Home Depot also saw some unusual options trading on Monday. Traders bought 23,735 put options on the company. This represents an increase of approximately 250% compared to the average volume of 6,773 put options.
The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.07. The company had revenue of $23.80 billion for the quarter, compared to the consensus estimate of $23.61 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that The Home Depot will post $4.48 EPS for the current fiscal year.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.