Home Depot (NYSE:HD) PT Raised to $430.00

Home Depot (NYSE:HD) had its target price upped by DA Davidson from $395.00 to $430.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the home improvement retailer’s stock.

Several other research analysts also recently issued reports on HD. Loop Capital lowered their price target on shares of Home Depot from $360.00 to $330.00 and set a hold rating for the company in a report on Wednesday, August 14th. Truist Financial lowered their price target on shares of Home Depot from $396.00 to $395.00 and set a buy rating for the company in a report on Wednesday, August 14th. HSBC decreased their price objective on Home Depot from $323.00 to $318.00 and set a reduce rating for the company in a report on Wednesday, May 15th. TD Cowen decreased their price objective on Home Depot from $440.00 to $420.00 and set a buy rating for the company in a report on Wednesday, May 15th. Finally, UBS Group increased their price objective on Home Depot from $400.00 to $425.00 and gave the company a buy rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, Home Depot has an average rating of Moderate Buy and a consensus target price of $387.79.

Home Depot Stock Down 0.5 %

Shares of NYSE:HD opened at $360.11 on Tuesday. The company has a fifty day moving average of $357.27 and a 200-day moving average of $354.10. The company has a market capitalization of $357.09 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.55 and a beta of 0.98. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. Home Depot has a 52-week low of $274.26 and a 52-week high of $396.87.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 9.71% and a return on equity of 681.27%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.65 earnings per share. On average, equities analysts predict that Home Depot will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be given a dividend of $2.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Hedge Funds Weigh In On Home Depot

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ruedi Wealth Management Inc. boosted its holdings in shares of Home Depot by 1.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after acquiring an additional 27 shares during the last quarter. Cape Investment Advisory Inc. raised its position in shares of Home Depot by 1.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after purchasing an additional 28 shares during the last quarter. Acorn Creek Capital LLC lifted its stake in Home Depot by 3.4% in the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock valued at $291,000 after buying an additional 28 shares in the last quarter. STAR Financial Bank boosted its holdings in Home Depot by 0.7% in the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after buying an additional 29 shares during the last quarter. Finally, Talisman Wealth Advisors LLC increased its stake in Home Depot by 1.2% during the 1st quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock worth $915,000 after buying an additional 29 shares in the last quarter. 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.