The Home Depot, Inc. (HD) To Go Ex-Dividend on August 29th

The Home Depot, Inc. (NYSE:HD) announced a quarterly dividend on Thursday, August 15th, RTT News reports. Investors of record on Thursday, August 29th will be given a dividend of 2.25 per share by the home improvement retailer on Thursday, September 12th. This represents a $9.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, August 29th.

Home Depot has increased its dividend payment by an average of 11.7% annually over the last three years and has raised its dividend every year for the last 15 years. Home Depot has a payout ratio of 57.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Home Depot to earn $16.15 per share next year, which means the company should continue to be able to cover its $9.00 annual dividend with an expected future payout ratio of 55.7%.

Home Depot Stock Performance

HD stock opened at $373.99 on Tuesday. The company has a debt-to-equity ratio of 23.11, a quick ratio of 0.42 and a current ratio of 1.34. The stock has a market cap of $370.85 billion, a P/E ratio of 25.08, a P/E/G ratio of 2.48 and a beta of 0.98. The firm has a 50 day simple moving average of $353.93 and a 200 day simple moving average of $353.66. Home Depot has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $4.65 earnings per share. Research analysts anticipate that Home Depot will post 15.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Saturday, May 25th. Stifel Nicolaus reduced their target price on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. Wells Fargo & Company reduced their target price on shares of Home Depot from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Tuesday, August 13th. Finally, Daiwa America raised shares of Home Depot to a “hold” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $386.33.

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.