Home Depot (NYSE:HD) Price Target Raised to $380.00 at Stifel Nicolaus

Home Depot (NYSE:HD) had its price target upped by Stifel Nicolaus from $374.00 to $380.00 in a research report report published on Monday morning, Benzinga reports. They currently have a hold rating on the home improvement retailer’s stock.

Other equities research analysts have also issued research reports about the company. DA Davidson raised Home Depot from a neutral rating to a buy rating and lifted their price objective for the stock from $352.00 to $395.00 in a report on Wednesday, June 26th. TD Cowen reduced their target price on Home Depot from $440.00 to $420.00 and set a buy rating for the company in a report on Wednesday, May 15th. StockNews.com lowered Home Depot from a buy rating to a hold rating in a report on Saturday, May 25th. HSBC reduced their target price on Home Depot from $323.00 to $318.00 and set a reduce rating for the company in a report on Wednesday, May 15th. Finally, Evercore ISI lifted their target price on Home Depot from $415.00 to $420.00 and gave the company an outperform rating in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $380.58.

Home Depot Trading Down 1.6 %

NYSE HD opened at $366.08 on Monday. The business’s fifty day moving average is $341.45 and its 200-day moving average is $352.61. Home Depot has a one year low of $274.26 and a one year high of $396.87. The stock has a market capitalization of $363.01 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 2.57 and a beta of 0.98. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.02. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $36.42 billion during the quarter, compared to analyst estimates of $36.65 billion. During the same quarter last year, the firm posted $3.82 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts predict that Home Depot will post 15.28 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Thursday, May 30th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Thursday, May 30th. Home Depot’s payout ratio is currently 60.36%.

Insider Activity

In other news, EVP Matt Carey sold 56,008 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was 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 directly owns 33,325 shares of the company’s stock, valued at $11,503,123.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bare Financial Services Inc purchased a new stake in Home Depot in the fourth quarter worth about $26,000. Frank Rimerman Advisors LLC purchased a new stake in Home Depot in the fourth quarter worth about $27,000. Keener Financial Planning LLC purchased a new stake in Home Depot in the fourth quarter worth about $31,000. PFG Private Wealth Management LLC increased its position in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 32 shares in the last quarter. Finally, Gilfoyle & Co LLC purchased a new stake in Home Depot in the fourth quarter worth about $35,000. Institutional investors own 70.86% of the company’s stock.

About Home Depot

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.