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The Home Depot, Inc. (NYSE:HD – Get Rating) – Stock analysts at DA Davidson dropped their FY2023 earnings estimates for shares of Home Depot in a note issued to investors on Wednesday, February 8th. DA Davidson analyst M. Baker now anticipates that the home improvement retailer will post earnings per share of $16.67 for the year, down from their previous forecast of $16.72. The consensus estimate for Home Depot’s current full-year earnings is $16.64 per share.

Other research analysts have also issued reports about the stock. Citigroup dropped their price objective on shares of Home Depot from $348.00 to $340.00 in a research note on Monday, October 31st. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $347.00 to $300.00 in a research note on Friday, November 11th. Raymond James lowered shares of Home Depot from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 16th. TheStreet upgraded shares of Home Depot from a “c+” rating to a “b” rating in a research note on Tuesday, November 15th. Finally, Wedbush dropped their price target on shares of Home Depot to $280.00 in a research note on Wednesday, November 16th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Home Depot has an average rating of “Moderate Buy” and an average target price of $340.54.

Home Depot Trading Down 0.4 %

NYSE HD opened at $314.25 on Friday. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.33 and a current ratio of 1.39. The firm has a market cap of $321.71 billion, a PE ratio of 19.02, a P/E/G ratio of 1.68 and a beta of 0.93. Home Depot has a one year low of $264.51 and a one year high of $357.42. The firm’s fifty day moving average is $321.66 and its two-hundred day moving average is $305.41.

Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $4.11 by $0.13. The company had revenue of $38.87 billion for the quarter, compared to analyst estimates of $37.96 billion. Home Depot had a net margin of 10.87% and a negative return on equity of 3,656.69%. Home Depot’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.92 earnings per share.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were paid a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Wednesday, November 30th. Home Depot’s payout ratio is 45.81%.

Insider Activity at Home Depot

In other news, Director Paula Santilli acquired 1,583 shares of Home Depot stock in a transaction that occurred on Wednesday, November 16th. The shares were acquired at an average price of $315.80 per share, with a total value of $499,911.40. Following the completion of the purchase, the director now owns 1,583 shares of the company’s stock, valued at approximately $499,911.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Paula Santilli purchased 1,583 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was purchased at an average price of $315.80 per share, with a total value of $499,911.40. Following the completion of the transaction, the director now owns 1,583 shares of the company’s stock, valued at approximately $499,911.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Fahim Siddiqui sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $311.29, for a total transaction of $622,580.00. Following the transaction, the executive vice president now directly owns 3,928 shares of the company’s stock, valued at approximately $1,222,747.12. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Several institutional investors and hedge funds have recently bought and sold shares of HD. Ten Capital Wealth Advisors LLC increased its position in shares of Home Depot by 175.0% in the fourth quarter. Ten Capital Wealth Advisors LLC now owns 1,606 shares of the home improvement retailer’s stock worth $507,000 after acquiring an additional 1,022 shares in the last quarter. Avantax Planning Partners Inc. increased its position in shares of Home Depot by 0.8% in the fourth quarter. Avantax Planning Partners Inc. now owns 16,381 shares of the home improvement retailer’s stock worth $5,174,000 after acquiring an additional 138 shares in the last quarter. True Capital Management acquired a new stake in shares of Home Depot in the fourth quarter worth $240,000. Mitchell & Pahl Private Wealth LLC increased its position in shares of Home Depot by 0.8% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 7,674 shares of the home improvement retailer’s stock worth $2,424,000 after acquiring an additional 60 shares in the last quarter. Finally, New Hampshire Trust acquired a new stake in shares of Home Depot in the fourth quarter worth $5,850,000. Institutional investors and hedge funds own 68.31% of the company’s stock.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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Earnings History and Estimates for Home Depot (NYSE:HD)

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