The Home Depot, Inc. (NYSE:HD) Receives Consensus Rating of "Moderate Buy" from Brokerages

The Home Depot, Inc. (NYSE:HD - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirty brokerages that are covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $434.08.

A number of brokerages recently commented on HD. Gordon Haskett downgraded Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Truist Financial decreased their target price on Home Depot from $437.00 to $391.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Telsey Advisory Group reissued an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Piper Sandler reduced their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th.

Home Depot Stock Performance

NYSE:HD opened at $357.03 on Thursday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. Home Depot has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The company has a 50 day simple moving average of $365.88 and a two-hundred day simple moving average of $393.13. The company has a market capitalization of $354.90 billion, a PE ratio of 24.25, a P/E/G ratio of 4.03 and a beta of 1.09.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping 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 firm had revenue of $39.70 billion during the quarter, compared to analyst estimates of $39.15 billion. During the same period last year, the company posted $2.82 EPS. The business's quarterly revenue was up 14.1% on a year-over-year basis. Research analysts anticipate that Home Depot will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $2.30 per share. The ex-dividend date was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.58%. Home Depot's dividend payout ratio is currently 61.66%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. purchased a new position in Home Depot during the fourth quarter worth $28,000. Navigoe LLC acquired a new position in shares of Home Depot in the fourth quarter worth $29,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at $32,000. Finally, Quarry LP boosted its stake in shares of Home Depot by 220.0% during the fourth quarter. Quarry LP now owns 96 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 66 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

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.

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