Home Depot (NYSE:HD) Price Target Raised to $355.00

Home Depot (NYSE:HD) had its price objective lifted by BNP Paribas Exane from $353.00 to $355.00 in a report published on Friday,MarketScreener reports. BNP Paribas Exane currently has a neutral rating on the home improvement retailer’s stock.

A number of other research analysts have also recently issued reports on the company. Zacks Research cut Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 27th. Daiwa Capital Markets cut their price objective on Home Depot from $399.00 to $348.00 and set a “neutral” rating on the stock in a report on Monday, November 24th. Weiss Ratings lowered Home Depot from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 1st. Jefferies Financial Group dropped their target price on shares of Home Depot from $474.00 to $438.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Finally, Mizuho lifted their price target on shares of Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $403.50.

Home Depot Stock Up 1.0%

Shares of NYSE:HD opened at $354.65 on Friday. The company has a 50 day moving average price of $373.06 and a two-hundred day moving average price of $379.85. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The company has a market capitalization of $353.05 billion, a PE ratio of 24.17, a PEG ratio of 6.25 and a beta of 1.06. Home Depot has a 52 week low of $326.31 and a 52 week high of $436.36.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the prior year, the business earned $3.78 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts forecast that Home Depot will post 15.13 earnings per share for the current year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $2.30 per share. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a yield of 2.6%. Home Depot’s dividend payout ratio is presently 62.71%.

Insiders Place Their Bets

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of Home Depot stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total value of $974,445.36. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Home Depot

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Home Depot by 0.3% in the third quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer’s stock valued at $39,834,241,000 after buying an additional 331,217 shares during the last quarter. State Street Corp increased its holdings in shares of Home Depot by 0.7% during the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock worth $16,871,246,000 after acquiring an additional 300,352 shares during the last quarter. Geode Capital Management LLC raised its stake in Home Depot by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock valued at $8,394,611,000 after acquiring an additional 327,674 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Home Depot by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock valued at $5,341,724,000 after purchasing an additional 153,582 shares during the last quarter. Finally, Norges Bank bought a new position in Home Depot during the second quarter worth $4,885,603,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

About Home Depot

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.