HD has been the subject of a number of other research reports. Citigroup decreased their target price on shares of Home Depot from $377.00 to $327.00 in a research report on Friday, May 13th. Morgan Stanley dropped their price objective on shares of Home Depot from $420.00 to $380.00 and set an overweight rating for the company in a research note on Wednesday, February 23rd. Gordon Haskett lowered shares of Home Depot from a buy rating to an accumulate rating in a report on Friday, May 6th. Evercore ISI decreased their price target on shares of Home Depot from $370.00 to $345.00 and set an outperform rating on the stock in a report on Wednesday, May 18th. Finally, OTR Global lowered shares of Home Depot to a positive rating in a report on Tuesday, May 10th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of $373.27.
HD opened at $287.19 on Thursday. The company’s 50 day simple moving average is $307.28 and its 200-day simple moving average is $350.39. Home Depot has a one year low of $279.59 and a one year high of $420.61. The stock has a market capitalization of $296.77 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.24.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd will be paid a $1.90 dividend. The ex-dividend date is Wednesday, June 1st. This represents a $7.60 annualized dividend and a yield of 2.65%. Home Depot’s payout ratio is 48.25%.
In other Home Depot news, EVP Hector A. Padilla sold 136 shares of the company’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the transaction, the executive vice president now owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Hector A. Padilla sold 504 shares of the company’s stock in a transaction on Friday, March 25th. The shares were sold at an average price of $309.80, for a total value of $156,139.20. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of HD. Rinkey Investments purchased a new stake in Home Depot in the fourth quarter valued at about $25,000. GW&K Investment Management LLC purchased a new position in shares of Home Depot in the first quarter worth about $25,000. Shore Point Advisors LLC purchased a new position in shares of Home Depot in the fourth quarter worth about $26,000. Tobam purchased a new position in shares of Home Depot in the first quarter worth about $27,000. Finally, Fairfield Bush & CO. purchased a new position in shares of Home Depot in the first quarter worth about $27,000. 70.61% of the stock is currently owned by institutional investors and hedge funds.
About Home Depot (Get Rating)
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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