Home Depot (NYSE:HD) Price Target Raised to $420.00

Home Depot (NYSE:HD - Free Report) had its target price lifted by Barclays from $372.00 to $420.00 in a research note released on Tuesday, Benzinga reports. They currently have an overweight rating on the home improvement retailer's stock.

Other equities research analysts have also issued research reports about the stock. Evercore ISI dropped their price objective on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 14th. JPMorgan Chase & Co. boosted their price objective on Home Depot from $377.00 to $400.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. Oppenheimer increased their target price on Home Depot from $345.00 to $400.00 and gave the stock a "market perform" rating in a research report on Tuesday, September 24th. Morgan Stanley raised their target price on Home Depot from $380.00 to $450.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Finally, Melius Research began coverage on shares of Home Depot in a research report on Monday, September 23rd. They issued a "buy" rating and a $420.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have issued a buy rating to the company's stock. According to MarketBeat.com, Home Depot has a consensus rating of "Moderate Buy" and an average target price of $415.26.

Home Depot Stock Up 1.2 %

Shares of NYSE HD traded up $4.64 during trading on Tuesday, reaching $400.21. 2,491,282 shares of the stock were exchanged, compared to its average volume of 3,347,601. The business's 50-day moving average price is $393.49 and its 200 day moving average price is $362.92. Home Depot has a twelve month low of $286.79 and a twelve month high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a market capitalization of $397.53 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 2.72 and a beta of 1.01.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts' consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analysts' expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.65 earnings per share. As a group, equities analysts forecast that Home Depot will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.25%. Home Depot's dividend payout ratio (DPR) is 60.57%.

Institutional Investors Weigh In On Home Depot

A number of institutional investors have recently bought and sold shares of the business. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at about $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at about $33,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the 3rd quarter valued at about $46,000. Denver PWM LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of Home Depot by 68.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer's stock valued at $48,000 after buying an additional 51 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Company Profile

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.