Home Depot Inc (NYSE:HD) has received an average rating of “Buy” from the thirty-seven analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, twenty-three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $256.34.

Several analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Home Depot from $228.00 to $269.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. CSFB upped their price target on shares of Home Depot from $215.00 to $255.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Loop Capital upped their price target on shares of Home Depot from $235.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Piper Sandler upped their price target on shares of Home Depot from $231.00 to $236.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. They noted that the move was a valuation call. Finally, Raymond James upped their price objective on shares of Home Depot from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th.

In related news, EVP William G. Lennie sold 17,993 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $236.02, for a total value of $4,246,707.86. Following the sale, the executive vice president now directly owns 54,405 shares of the company’s stock, valued at approximately $12,840,668.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Your Advocates Ltd. LLP purchased a new position in Home Depot in the first quarter valued at approximately $27,000. Lion Street Advisors LLC purchased a new position in Home Depot in the first quarter valued at approximately $28,000. Cordasco Financial Network raised its holdings in Home Depot by 120.5% in the first quarter. Cordasco Financial Network now owns 247 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 135 shares during the period. Danda Trouve Investment Management Inc. raised its holdings in Home Depot by 960.0% in the first quarter. Danda Trouve Investment Management Inc. now owns 265 shares of the home improvement retailer’s stock valued at $49,000 after buying an additional 240 shares during the period. Finally, NuWave Investment Management LLC purchased a new position in Home Depot in the second quarter valued at approximately $57,000. 69.65% of the stock is currently owned by institutional investors.

Shares of Home Depot stock traded up $8.17 during trading hours on Thursday, hitting $257.79. The company had a trading volume of 4,596,591 shares, compared to its average volume of 3,905,521. The company’s 50-day moving average is $247.84 and its two-hundred day moving average is $225.76. Home Depot has a twelve month low of $140.63 and a twelve month high of $259.29. The company has a market cap of $268.47 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.06.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.19). Home Depot had a net margin of 9.79% and a negative return on equity of 496.11%. The business had revenue of $28.26 billion during the quarter, compared to analysts’ expectations of $27.59 billion. During the same quarter last year, the company earned $2.27 EPS. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts expect that Home Depot will post 9.91 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $1.50 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 2.33%. Home Depot’s payout ratio is 58.54%.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

See Also: Ex-Dividend

Analyst Recommendations for Home Depot (NYSE:HD)

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