The Home Depot, Inc. (NYSE:HD) Given Average Rating of “Moderate Buy” by Analysts

Shares of The Home Depot, Inc. (NYSE:HD) have been assigned an average recommendation of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nineteen have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $389.04.

A number of equities analysts recently weighed in on the company. Loop Capital raised their price objective on Home Depot from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday. StockNews.com lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Jefferies Financial Group assumed coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. Evercore ISI decreased their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HD. Fairway Wealth LLC bought a new position in shares of Home Depot during the second quarter valued at $25,000. Frank Rimerman Advisors LLC purchased a new position in Home Depot in the fourth quarter worth about $27,000. Kings Path Partners LLC bought a new position in shares of Home Depot in the second quarter worth approximately $33,000. Burkett Financial Services LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Home Depot during the first quarter valued at approximately $38,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Trading Up 0.4 %

Shares of HD opened at $383.46 on Wednesday. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. Home Depot has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a market capitalization of $380.24 billion, a P/E ratio of 25.72, a P/E/G ratio of 2.57 and a beta of 1.00. The firm’s 50 day simple moving average is $362.82 and its 200 day simple moving average is $353.92.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.65 EPS. Sell-side analysts forecast that Home Depot will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

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.