Credit Suisse Group set a $213.00 price target on Home Depot (NYSE:HD) in a report published on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the home improvement retailer’s stock.
A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Co raised their price target on Home Depot from $215.00 to $230.00 and gave the company an outperform rating in a research report on Wednesday, August 14th. Telsey Advisory Group restated a market perform rating and issued a $192.00 price objective on shares of Home Depot in a research note on Wednesday, May 1st. Loop Capital increased their price objective on shares of Home Depot to $195.00 and gave the company a hold rating in a report on Friday, July 19th. Stifel Nicolaus increased their price objective on shares of Home Depot to $230.00 and gave the stock a buy rating in a research report on Monday, August 12th. Finally, Robert W. Baird reiterated a positive rating on shares of Home Depot in a research note on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $220.11.
Shares of HD stock opened at $221.02 on Tuesday. The firm has a market capitalization of $238.86 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.01 and a beta of 1.12. Home Depot has a twelve month low of $158.09 and a twelve month high of $222.65. The stock’s fifty day simple moving average is $212.40 and its 200 day simple moving average is $199.39.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.46%. Home Depot’s dividend payout ratio (DPR) is 55.01%.
In other Home Depot news, EVP Teresa Wynn Roseborough sold 8,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the completion of the sale, the executive vice president now directly owns 13,357 shares in the company, valued at approximately $2,596,333.66. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Matt Carey sold 34,688 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total value of $7,010,097.92. Following the completion of the sale, the executive vice president now owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The disclosure for this sale can be found here. Insiders have sold 69,522 shares of company stock valued at $13,643,931 in the last three months. 0.27% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Krane Funds Advisors LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth $25,000. Evolution Wealth Advisors LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $31,000. MRA Associates USA LLC acquired a new stake in Home Depot in the second quarter valued at approximately $34,000. Thor Advisors LLC acquired a new stake in shares of Home Depot during the first quarter worth $32,000. Finally, Virtus ETF Advisers LLC purchased a new position in shares of Home Depot during the fourth quarter worth $32,000. 69.35% of the stock is currently owned by institutional investors and hedge funds.
About Home Depot
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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