The Home Depot, Inc. (NYSE:HD) Receives $366.76 Average Price Target from Analysts

Shares of The Home Depot, Inc. (NYSE:HD) have received an average rating of “Moderate Buy” from the twenty-four brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $368.76.

A number of analysts recently commented on HD shares. Telsey Advisory Group boosted their target price on shares of Home Depot from $325.00 to $335.00 and gave the stock a “market perform” rating in a report on Thursday, February 15th. StockNews.com upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Stifel Nicolaus boosted their target price on shares of Home Depot from $355.00 to $366.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Guggenheim boosted their target price on shares of Home Depot from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Evercore ISI lifted their target price on shares of Home Depot from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Tuesday.

Insider Transactions at Home Depot

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Home Depot

Several large investors have recently bought and sold shares of the stock. Cape Investment Advisory Inc. boosted its stake in Home Depot by 1.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock valued at $680,000 after buying an additional 28 shares during the period. Optas LLC lifted its stake in Home Depot by 1.7% during the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after purchasing an additional 29 shares during the last quarter. STAR Financial Bank lifted its stake in Home Depot by 0.7% during the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after purchasing an additional 29 shares during the last quarter. Harvest Investment Advisors LLC lifted its stake in Home Depot by 0.8% during the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after purchasing an additional 30 shares during the last quarter. Finally, Armstrong Henry H Associates Inc. lifted its stake in Home Depot by 0.3% during the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock worth $3,778,000 after purchasing an additional 30 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Stock Down 0.9 %

HD stock opened at $380.14 on Wednesday. Home Depot has a 52 week low of $274.26 and a 52 week high of $396.87. The company has a market capitalization of $376.73 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 2.58 and a beta of 0.99. The firm’s 50-day moving average is $367.43 and its two-hundred day moving average is $333.82. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion for the quarter, compared to the consensus estimate of $34.64 billion. During the same period in the previous year, the firm earned $3.30 EPS. Home Depot’s revenue was down 2.9% on a year-over-year basis. On average, analysts forecast that Home Depot will post 15.39 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

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.