Analysts Set Home Depot Inc (NYSE:HD) PT at $255.69
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.
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
See Also: Ex-Dividend
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