The Home Depot, Inc. (NYSE:HD - Get Free Report) shot up 2.9% during trading on Monday . The company traded as high as $361.77 and last traded at $361.50. 956,123 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 3,207,596 shares. The stock had previously closed at $351.15.
Analyst Ratings Changes
HD has been the topic of a number of research reports. Truist Financial lowered their price target on Home Depot from $467.00 to $437.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Royal Bank of Canada dropped their price target on Home Depot from $431.00 to $424.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. Piper Sandler dropped their target price on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a report on Monday. Finally, HSBC upgraded Home Depot from a "reduce" rating to a "hold" rating and increased their target price for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $435.85.
Read Our Latest Research Report on HD
Home Depot Price Performance
The business's 50-day simple moving average is $391.94 and its 200 day simple moving average is $398.90. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market capitalization of $359.99 billion, a P/E ratio of 24.62, a P/E/G ratio of 4.03 and a beta of 1.09.
Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The company's revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Home Depot, Inc. will post 15.13 EPS for the current year.
Home Depot Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio is 61.66%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. POM Investment Strategies LLC grew its stake in Home Depot by 1.1% during the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock valued at $824,000 after acquiring an additional 24 shares in the last quarter. Center for Financial Planning Inc. grew its position in Home Depot by 0.5% during the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock valued at $1,810,000 after purchasing an additional 24 shares in the last quarter. Insight Inv LLC increased its stake in Home Depot by 2.0% in the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock valued at $505,000 after buying an additional 25 shares during the period. Marino Stram & Associates LLC boosted its stake in shares of Home Depot by 2.3% during the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer's stock valued at $431,000 after buying an additional 25 shares during the period. Finally, Live Oak Private Wealth LLC increased its stake in shares of Home Depot by 0.5% in the fourth quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock worth $1,912,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.
About Home Depot
(
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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.
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