Brokerages Set The Home Depot, Inc. (NYSE:HD) Price Target at $435.85

Shares of The Home Depot, Inc. (NYSE:HD - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirty ratings firms that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, twenty-one have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $435.85.

Several research firms have recently issued reports on HD. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. KGI Securities upgraded Home Depot to a "strong-buy" rating in a research report on Monday, March 3rd. Piper Sandler cut their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. JPMorgan Chase & Co. boosted their price objective on shares of Home Depot from $450.00 to $475.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Finally, HSBC upgraded shares of Home Depot from a "reduce" rating to a "hold" rating and increased their target price for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th.

Institutional Trading of Home Depot

A number of large investors have recently added to or reduced their stakes in the company. POM Investment Strategies LLC grew its holdings in Home Depot by 1.1% during the fourth quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer's stock worth $824,000 after purchasing an additional 24 shares during the period. Center for Financial Planning Inc. lifted its position in shares of Home Depot by 0.5% in 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 buying an additional 24 shares during the last quarter. Insight Inv LLC boosted its stake in shares of Home Depot by 2.0% during the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer's stock worth $505,000 after acquiring an additional 25 shares during the period. Marino Stram & Associates LLC increased its holdings 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 worth $431,000 after acquiring an additional 25 shares during the last quarter. Finally, Live Oak Private Wealth LLC raised its stake in Home Depot by 0.5% in the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer's stock valued at $1,912,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 70.86% of the company's stock.

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Home Depot Trading Up 1.6 %

Home Depot stock traded up $5.73 during mid-day trading on Friday, hitting $371.25. The stock had a trading volume of 3,178,686 shares, compared to its average volume of 3,441,778. The stock has a market capitalization of $369.03 billion, a PE ratio of 25.22, a P/E/G ratio of 4.03 and a beta of 1.08. Home Depot has a 12 month low of $323.77 and a 12 month high of $439.37. 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 stock has a 50-day simple moving average of $387.28 and a two-hundred day simple moving average of $398.64.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 EPS for the quarter, topping the consensus estimate of $3.04 by $0.09. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. During the same quarter in the previous year, the company earned $2.82 EPS. Home Depot's revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts forecast that Home Depot will post 15.13 EPS for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

About Home Depot

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.