Home Depot (NYSE:HD) Price Target Raised to $400.00 at Stifel Nicolaus

Home Depot (NYSE:HD) had its price target lifted by Stifel Nicolaus from $375.00 to $400.00 in a report published on Monday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the home improvement retailer’s stock.

Several other equities analysts have also recently weighed in on HD. DA Davidson raised their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. Morgan Stanley lifted their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Barclays raised their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Truist Financial boosted their price objective on Home Depot from $455.00 to $459.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $422.81.

Home Depot Stock Performance

NYSE HD traded up $2.29 during trading hours on Monday, hitting $410.58. The company’s stock had a trading volume of 986,919 shares, compared to its average volume of 3,361,975. The company’s 50 day simple moving average is $395.99 and its two-hundred day simple moving average is $364.77. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The company has a market cap of $407.83 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 2.81 and a beta of 1.01. Home Depot has a 12 month low of $287.24 and a 12 month high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating 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 return on equity of 733.61% and a net margin of 9.71%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $4.65 EPS. As a group, sell-side analysts expect that Home Depot will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, August 29th. Home Depot’s payout ratio is currently 60.57%.

Institutional Investors Weigh In On Home Depot

Several hedge funds have recently modified their holdings of the stock. WFA Asset Management Corp raised its holdings in shares of Home Depot by 10.7% during the 1st quarter. WFA Asset Management Corp now owns 1,394 shares of the home improvement retailer’s stock valued at $535,000 after buying an additional 135 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in Home Depot by 5.8% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,421 shares of the home improvement retailer’s stock worth $4,381,000 after acquiring an additional 623 shares during the period. Koshinski Asset Management Inc. increased its holdings in shares of Home Depot by 31.4% in the 1st quarter. Koshinski Asset Management Inc. now owns 9,125 shares of the home improvement retailer’s stock worth $3,501,000 after acquiring an additional 2,183 shares during the period. Pettyjohn Wood & White Inc. grew its position in Home Depot by 0.3% in the 1st quarter. Pettyjohn Wood & White Inc. now owns 36,089 shares of the home improvement retailer’s stock worth $13,844,000 after purchasing an additional 114 shares during the last quarter. Finally, Hudson Value Partners LLC grew its holdings in Home Depot by 2.2% in the 1st quarter. Hudson Value Partners LLC now owns 9,536 shares of the home improvement retailer’s stock worth $3,658,000 after buying an additional 208 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

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.