Home Depot (NYSE:HD) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Home Depot (NYSE:HD) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $360.00 target price on the home improvement retailer’s stock.

A number of other analysts also recently weighed in on HD. TD Cowen increased their price target on shares of Home Depot from $415.00 to $440.00 and gave the company an outperform rating in a report on Monday, March 4th. DA Davidson restated a neutral rating and set a $370.00 price target on shares of Home Depot in a research note on Monday, April 1st. Citigroup lifted their price objective on Home Depot from $333.00 to $415.00 and gave the stock a buy rating in a report on Wednesday, February 21st. StockNews.com lowered shares of Home Depot from a buy rating to a hold rating in a report on Friday, May 3rd. Finally, Guggenheim reaffirmed a buy rating and set a $390.00 price objective on shares of Home Depot in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $375.19.

Home Depot Trading Down 0.5 %

NYSE:HD opened at $340.71 on Tuesday. The company has a debt-to-equity ratio of 40.94, a quick ratio of 0.40 and a current ratio of 1.35. The company has a market capitalization of $337.65 billion, a P/E ratio of 22.56, a P/E/G ratio of 2.28 and a beta of 1.01. The stock’s 50 day moving average price is $360.47 and its 200 day moving average price is $343.54. Home Depot has a 52 week low of $274.26 and a 52 week high of $396.87.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same period last year, the company earned $3.30 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts forecast that Home Depot will post 15.37 EPS for the current fiscal year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.64%. This is an increase from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date was Wednesday, March 6th. Home Depot’s dividend payout ratio is presently 59.60%.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the business’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 transaction, the chief executive officer now owns 107,731 shares in the company, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the completion of the sale, 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. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Home Depot

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

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.