Other analysts have also recently issued research reports about the stock. Moffett Nathanson started coverage on shares of Home Depot in a research report on Monday, December 4th. They set a buy rating on the stock. Morgan Stanley set a $185.00 price objective on shares of Home Depot and gave the stock a buy rating in a research report on Friday, December 8th. Zacks Investment Research lowered shares of Home Depot from a buy rating to a hold rating in a report on Monday, December 11th. Guggenheim initiated coverage on shares of Home Depot in a report on Wednesday, December 13th. They issued a buy rating and a $200.00 target price on the stock. Finally, BMO Capital Markets set a $191.00 target price on shares of Home Depot and gave the stock a buy rating in a report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $183.28.
Home Depot (NYSE:HD) opened at $191.80 on Tuesday. The stock has a market cap of $223,970.00, a price-to-earnings ratio of 26.60, a PEG ratio of 1.96 and a beta of 1.11. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. Home Depot has a 1-year low of $133.94 and a 1-year high of $193.72.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 earnings per share. research analysts predict that Home Depot will post 7.37 EPS for the current fiscal year.
Home Depot announced that its board has initiated a share repurchase program on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Wednesday, November 29th. Home Depot’s dividend payout ratio is currently 49.38%.
In other news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.
Large investors have recently modified their holdings of the stock. Jacobi Capital Management LLC boosted its stake in shares of Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after purchasing an additional 101 shares in the last quarter. Burt Wealth Advisors boosted its stake in shares of Home Depot by 83.5% during the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after purchasing an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Home Depot by 63.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after purchasing an additional 340 shares in the last quarter. Empire Life Investments Inc. boosted its stake in shares of Home Depot by 233.4% during the 3rd quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock valued at $157,000 after purchasing an additional 670 shares in the last quarter. Finally, Glassman Wealth Services boosted its stake in shares of Home Depot by 38.3% during the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 70.14% of the company’s stock.
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Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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