In yesterday’s Wall Street session, The Home Depot Inc. (NYSE:HD) shares traded at $283.36, up 0.90% from the previous session.
36 analysts cover The Home Depot Inc. (NYSE:HD), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $400.00 and a low of $248.00, we find $335.00. Given the previous closing price of $280.82, this indicates a potential upside of 19.29 percent. HD stock price is now -7.08% away from the 50-day moving average and -5.70% away from the 200-day moving average. The market capitalization of the company currently stands at $288.50B.
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The stock has received a hold rating from 14 analysts and a buy rating from 17. Brokers who have rated the stock have averaged $328.45 as their price target over the next twelve months.
With the price target reduced from $350 to $340, UBS maintained Buy rating for The Home Depot Inc. (NYSE: HD). On February 22, 2023, Robert W. Baird reiterated its ‘Outperform’ rating on the stock by increasing its target price from $360 to quote $340, while ‘Morgan Stanley’ rates the stock as ‘Overweight’.
In other news, KINNAIRD JEFFREY G, EVP – Merchandising sold 6,403 shares of the company’s stock on Nov 18. The stock was sold for $1,995,495 at an average price of $311.65. Upon completion of the transaction, the EVP – Merchandising now directly owns 25,241 shares in the company, valued at $7.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17, EVP and CIO Siddiqui Fahim sold 2,000 shares of the business’s stock. A total of $622,580 was realized by selling the stock at an average price of $311.29. This leaves the insider owning 3,928 shares of the company worth $1.11 million. Insiders disposed of 142,166 shares of company stock worth roughly $40.28 million over the past 1 year. A total of 0.08% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HD stock. A new stake in The Home Depot Inc. shares was purchased by CI PRIVATE WEALTH, LLC during the first quarter worth $170,282,000. FARMER STEVEN PATRICK invested $114,467,000 in shares of HD during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in The Home Depot Inc. valued at approximately $82,694,000. AGF MANAGEMENT LTD acquired a new stake in HD for approximately $28,126,000. MARYLAND STATE RETIREMENT & PENSION SYSTEM purchased a new stake in HD valued at around $22,753,000 in the second quarter. In total, there are 4,032 active investors with 71.70% ownership of the company’s stock.
On Wednesday morning The Home Depot Inc. (NYSE: HD) stock kicked off with the opening price of $281.25. During the past 12 months, The Home Depot Inc. has had a low of $264.51 and a high of $347.25. As of last week, the company has a debt-to-equity ratio of 27.65, a current ratio of 1.40, and a quick ratio of 0.30. The fifty day moving average price for HD is $304.07 and a two-hundred day moving average price translates $300.47 for the stock.
The latest earnings results from The Home Depot Inc. (NYSE: HD) was released for Oct, 2022. According to the Home Improvement Retail Company, earnings per share came in at $4.24, beating analysts’ expectations of $4.12 by 0.12. This compares to $3.23 EPS in the same period last year. The company reported revenue of $35.83 billion for the quarter, compared to $35.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.31 percent. For the current quarter, analysts expect HD to generate $36B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/23/2023. Investors who held shares on 03/09/2023 were paid a $2.09 dividend. On an annualized basis, this represents a $8.36 dividend and a 2.95% percent yield. There was an ex-dividend date of 03/08/2023 for this dividend. In terms of dividend payout ratio, HD is presently at 45.40%.
The Home Depot Inc.(HD) Company Profile
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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The company primarily serves homeowners; and professional renovators/remodelers, general contractors, maintenance professionals, handymen, property managers, building service contractors, and specialty tradesmen, such as electricians, plumbers, and painters. It also sells its products through websites, including homedepot.com; blinds.com, an online site for custom window coverings; and thecompanystore.com, an online site for textiles and décor products. As of December 31, 2021, the company operated 2,317 stores in the United States. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia.
