The Home Depot (NYSE:HD) has been given a consensus rating of “Buy” by the thirty-two research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, twenty-two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $194.24.
HD has been the subject of a number of research analyst reports. Zelman & Associates downgraded shares of The Home Depot from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Zacks Investment Research lowered shares of The Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Credit Suisse Group reaffirmed a “hold” rating on shares of The Home Depot in a research note on Tuesday, December 12th. Guggenheim started coverage on shares of The Home Depot in a research note on Wednesday, December 13th. They set a “buy” rating and a $200.00 price objective for the company. Finally, BMO Capital Markets set a $191.00 price objective on shares of The Home Depot and gave the company a “buy” rating in a research note on Friday, December 15th.
In other news, Director Gregory D. Brenneman acquired 16,827 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The shares were purchased at an average price of $178.29 per share, for a total transaction of $3,000,085.83. Following the completion of the acquisition, the director now owns 46,332 shares of the company’s stock, valued at approximately $8,260,532.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward P. Decker sold 17,660 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $187.32, for a total value of $3,308,071.20. Following the completion of the transaction, the executive vice president now owns 73,815 shares in the company, valued at approximately $13,827,025.80. The disclosure for this sale can be found here. Insiders sold 169,027 shares of company stock valued at $31,220,882 over the last three months. 0.26% of the stock is owned by insiders.
Shares of NYSE HD opened at $174.45 on Thursday. The Home Depot has a twelve month low of $144.25 and a twelve month high of $207.60. The company has a debt-to-equity ratio of 16.69, a current ratio of 1.17 and a quick ratio of 0.38. The stock has a market capitalization of $203,713.81, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.40 and a beta of 1.15.
The Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.07. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The company had revenue of $23.88 billion during the quarter, compared to the consensus estimate of $23.65 billion. During the same period in the prior year, the company earned $1.44 EPS. The Home Depot’s revenue was up 7.5% on a year-over-year basis. equities research analysts forecast that The Home Depot will post 9.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Thursday, March 8th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from The Home Depot’s previous quarterly dividend of $0.89. The ex-dividend date was Wednesday, March 7th. The Home Depot’s dividend payout ratio is 55.23%.
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The 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.
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