The Home Depot, Inc. (NYSE:HD – Get Rating) has earned an average recommendation of “Moderate Buy” from the twenty-nine research firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $340.26.
→ Profit From the Commercial Solar Boom? (From Investing Trends)
HD has been the topic of several recent research reports. Truist Financial reduced their price objective on Home Depot from $400.00 to $382.00 and set a “buy” rating on the stock in a research report on Wednesday, November 16th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Monday, November 21st. Cowen increased their target price on Home Depot from $350.00 to $379.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 13th. Jefferies Financial Group increased their target price on Home Depot from $392.00 to $394.00 and gave the stock a “buy” rating in a research report on Monday, October 3rd. Finally, BNP Paribas downgraded Home Depot from an “outperform” rating to a “neutral” rating and set a $286.00 target price on the stock. in a research report on Wednesday, October 19th.
Home Depot Stock Down 4.0 %
Shares of NYSE:HD opened at $310.88 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.39 and a debt-to-equity ratio of 32.16. Home Depot has a 52-week low of $264.51 and a 52-week high of $374.67. The stock’s fifty day simple moving average is $320.58 and its 200-day simple moving average is $302.23. The company has a market capitalization of $318.26 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.77 and a beta of 0.95.
Home Depot (NYSE:HD – Get Rating) last issued its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $0.13. Home Depot had a negative return on equity of 3,656.69% and a net margin of 10.87%. The business had revenue of $38.87 billion for the quarter, compared to the consensus estimate of $37.96 billion. During the same period in the prior year, the business earned $3.92 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts forecast that Home Depot will post 16.64 earnings per share for the current fiscal year.
Home Depot Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a $1.90 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.44%. Home Depot’s dividend payout ratio (DPR) is currently 45.81%.
Insider Activity
In related news, Director Paula Santilli bought 1,583 shares of the stock in a transaction dated Wednesday, November 16th. The stock was acquired at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the completion of the purchase, the director now owns 1,583 shares in the company, valued at $499,911.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Home Depot news, Director Paula Santilli acquired 1,583 shares of the stock in a transaction on Wednesday, November 16th. The stock was purchased at an average price of $315.80 per share, for a total transaction of $499,911.40. Following the purchase, the director now directly owns 1,583 shares in the company, valued at $499,911.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Fahim Siddiqui sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $311.29, for a total value of $622,580.00. Following the sale, the executive vice president now 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.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of HD. BCK Partners Inc. bought a new position in Home Depot during the 1st quarter worth approximately $2,933,000. Fairfield Bush & CO. bought a new stake in shares of Home Depot in the 1st quarter worth approximately $27,000. Ergoteles LLC bought a new stake in shares of Home Depot in the 1st quarter worth approximately $1,554,000. Equitable Holdings Inc. lifted its holdings in shares of Home Depot by 7.4% in the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock worth $4,379,000 after purchasing an additional 1,007 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Home Depot by 3.2% in the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock worth $236,865,000 after purchasing an additional 24,640 shares during the last quarter. Institutional investors own 68.31% of the company’s stock.
About Home Depot
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Home Depot, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Home Depot wasn’t on the list.
While Home Depot currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here