Analysts Set The Home Depot, Inc. (NYSE:HD) PT at $376.35

Shares of The Home Depot, Inc. (NYSE:HD) have received an average recommendation of “Moderate Buy” from the twenty-six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $375.96.

Several equities research analysts have recently weighed in on the company. Mizuho assumed coverage on Home Depot in a research report on Tuesday, March 19th. They set a “buy” rating and a $415.00 price target on the stock. Oppenheimer cut Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. The Goldman Sachs Group upped their price target on Home Depot from $347.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Truist Financial reiterated a “buy” rating and set a $417.00 price target on shares of Home Depot in a research report on Wednesday. Finally, Telsey Advisory Group upped their price target on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research report on Monday, April 1st.

Home Depot Price Performance

Shares of NYSE:HD opened at $332.89 on Friday. The company’s 50-day moving average is $367.92 and its 200 day moving average is $338.97. 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 $329.90 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. Home Depot has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

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

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Wednesday, March 6th. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. Home Depot’s dividend payout ratio is 59.60%.

Insider Activity

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Edward P. Decker sold 35,987 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Timothy A. Hourigan sold 8,996 shares of the company’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 value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Hedge funds and other institutional investors have recently made changes to their positions in the business. VisionPoint Advisory Group LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $26,000. Bare Financial Services Inc bought a new position in Home Depot in the fourth quarter worth $26,000. Frank Rimerman Advisors LLC bought a new position in Home Depot in the fourth quarter worth $27,000. Fairfield Bush & CO. bought a new position in Home Depot in the first quarter worth $27,000. Finally, KB Financial Partners LLC bought a new position in Home Depot in the first quarter worth $28,000. 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.