The Home Depot Reaches New 12-Month High at $91.82 (HD)
The Home Depot (NYSE:HD)’s share price hit a new 52-week high on Monday , AmericanBankingNews.com reports. The stock traded as high as $91.82 and last traded at $91.32, with a volume of 3,143,037 shares trading hands. The stock had previously closed at $91.03.
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, August 20th. They now have a $95.00 price target on the stock, up previously from $92.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Home Depot in a research note on Wednesday, August 20th. 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, August 20th. 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, four have issued a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $91.05.
The stock’s 50-day moving average is $82.08 and its 200-day moving average is $79.85. The company has a market cap of $123.0 billion and a P/E ratio of 21.78.
The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts expect that The Home Depot will post $4.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Tuesday, September 2nd.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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