Home Depot (NYSE:HD) Receives Hold Rating from Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Home Depot (NYSE:HD) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. They currently have a $370.00 price objective on the home improvement retailer’s stock, down from their previous price objective of $440.00.

A number of other research firms have also commented on HD. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. Truist Financial lowered their price objective on Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Oppenheimer increased their price target on shares of Home Depot from $400.00 to $420.00 and gave the company a “market perform” rating in a report on Thursday, September 25th. Wells Fargo & Company decreased their price objective on Home Depot from $450.00 to $435.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Mizuho boosted their target price on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $429.33.

Home Depot Stock Down 1.6%

NYSE:HD traded down $5.99 on Friday, reaching $362.08. The stock had a trading volume of 3,411,606 shares, compared to its average volume of 3,496,482. The company has a 50-day moving average of $393.15 and a 200 day moving average of $381.69. Home Depot has a 12-month low of $326.31 and a 12-month high of $439.37. The stock has a market cap of $360.41 billion, a P/E ratio of 24.60, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.01). The firm had revenue of $45.28 billion for the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts predict that Home Depot will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.50%.

Insider Buying and Selling

In other news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at approximately $18,348,365.30. The trade was a 6.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,835 shares of company stock worth $19,623,432 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Home Depot

Several institutional investors and hedge funds have recently added to or reduced their stakes in HD. New England Asset Management Inc. increased its holdings in shares of Home Depot by 0.6% during the third quarter. New England Asset Management Inc. now owns 8,909 shares of the home improvement retailer’s stock valued at $3,610,000 after acquiring an additional 55 shares in the last quarter. SummitTX Capital L.P. boosted its stake in shares of Home Depot by 458.4% in the 3rd quarter. SummitTX Capital L.P. now owns 13,256 shares of the home improvement retailer’s stock worth $5,371,000 after buying an additional 10,882 shares during the last quarter. AQR Capital Management LLC grew its stake in Home Depot by 3.5% in the 3rd quarter. AQR Capital Management LLC now owns 447,755 shares of the home improvement retailer’s stock valued at $181,426,000 after purchasing an additional 15,298 shares during the period. Zacks Investment Management raised its position in Home Depot by 1.4% in the third quarter. Zacks Investment Management now owns 515,079 shares of the home improvement retailer’s stock worth $208,705,000 after acquiring an additional 7,245 shares during the period. Finally, Imprint Wealth LLC purchased a new position in Home Depot in the third quarter valued at approximately $34,000. Institutional investors 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.