The Home Depot, Inc. (NYSE:HD) Receives $380.58 Average Price Target from Brokerages

The Home Depot, Inc. (NYSE:HD) has received an average rating of “Moderate Buy” from the twenty-seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $381.80.

A number of brokerages have weighed in on HD. Raymond James reaffirmed a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $352.00 to $395.00 in a research note on Wednesday, June 26th. Zelman & Associates raised Home Depot from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 2nd. Wedbush reaffirmed an “outperform” rating and issued a $410.00 price target on shares of Home Depot in a research report on Friday, May 10th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research report on Tuesday, May 14th.

Insider Buying and Selling at Home Depot

In other news, EVP Matt Carey sold 56,008 shares of Home Depot stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $345.18, for a total transaction of $19,332,841.44. Following the transaction, the executive vice president now owns 33,325 shares in the company, valued at approximately $11,503,123.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bare Financial Services Inc bought a new stake in Home Depot during the 4th quarter worth approximately $26,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter worth $27,000. Keener Financial Planning LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $31,000. PFG Private Wealth Management LLC lifted its stake in shares of Home Depot by 53.3% during the 4th quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC bought a new position in Home Depot in the 4th quarter worth $35,000. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of HD stock opened at $359.51 on Tuesday. The business’s fifty day moving average is $343.17 and its 200 day moving average is $353.29. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The stock has a market cap of $356.49 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.44 and a beta of 0.98. Home Depot has a twelve month low of $274.26 and a twelve month high of $396.87.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.02. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $36.42 billion for the quarter, compared to the consensus estimate of $36.65 billion. During the same period in the prior year, the firm earned $3.82 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. Research analysts expect that Home Depot will post 15.3 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $2.25 per share. The ex-dividend date was Thursday, May 30th. This represents a $9.00 annualized dividend and a yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is 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.