The Home Depot, Inc. (NYSE:HD) Receives Average Rating of “Moderate Buy” from Brokerages

The Home Depot, Inc. (NYSE:HD) has received an average rating of “Moderate Buy” from the twenty-six research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eighteen have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $375.19.

HD has been the subject of a number of research analyst reports. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. HSBC reissued a “reduce” rating and set a $323.00 target price on shares of Home Depot in a research report on Wednesday, April 3rd. Truist Financial reissued a “buy” rating and set a $417.00 target price on shares of Home Depot in a research report on Wednesday, April 17th. Guggenheim reissued a “buy” rating and set a $390.00 target price on shares of Home Depot in a research report on Friday, April 5th. Finally, DA Davidson reissued a “neutral” rating and set a $370.00 target price on shares of Home Depot in a research report on Monday, April 1st.

Insider Activity

In other news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of the firm’s 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 transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HD. Bare Financial Services Inc bought a new stake in shares of Home Depot in the 4th quarter valued at about $26,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot in the fourth quarter valued at approximately $27,000. Keener Financial Planning LLC acquired a new stake in Home Depot in the fourth quarter worth $31,000. PFG Private Wealth Management LLC boosted its position in shares of Home Depot by 53.3% during the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC acquired a new position in shares of Home Depot in the 4th quarter valued at $35,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $338.70 on Thursday. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The business has a 50 day moving average price of $360.47 and a 200 day moving average price of $343.54. The company has a market cap of $335.66 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.28 and a beta of 1.01. Home Depot has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. The company had revenue of $34.79 billion during the quarter, compared to analysts’ expectations of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.30 earnings per share. Research analysts predict that Home Depot will post 15.37 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced 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 represents a $9.00 dividend on an annualized basis and a dividend yield of 2.66%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s payout ratio is 59.60%.

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.