The stock of The Home Depot Inc. (NYSE:HD) last traded at $333.03, up 0.27% from the previous session.
Data from the available sources indicates that The Home Depot Inc. (NYSE:HD) is covered by 35 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $384.00 and a low of $296.00, we find $350.00. Given the previous closing price of $332.14, this indicates a potential upside of 5.38 percent. HD stock price is now 5.84% away from the 50-day moving average and 8.46% away from the 200-day moving average. The market capitalization of the company currently stands at $333.09B.
In total, 15 analysts have assigned it a hold rating, and 17 have given it a buy rating. Brokers who have rated the stock have averaged $344.81 as their price target over the next twelve months.
With the price target maintained at $315, Telsey Advisory Group recently Downgraded its rating from Outperform to Market Perform for The Home Depot Inc. (NYSE: HD).
In other news, Padilla Hector A, EVP – Outside Sales & Service sold 1,502 shares of the company’s stock on May 17. The stock was sold for $440,222 at an average price of $293.09. Upon completion of the transaction, the EVP – Outside Sales & Service now directly owns 13,958 shares in the company, valued at $4.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18, EVP – Merchandising KINNAIRD JEFFREY G sold 6,403 shares of the business’s stock. A total of $1,995,495 was realized by selling the stock at an average price of $311.65. This leaves the insider owning 25,241 shares of the company worth $8.41 million. Insiders disposed of 135,133 shares of company stock worth roughly $45.0 million over the past 1 year. A total of 0.09% 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 QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $146,667,000. AUSTRALIANSUPER PTY LTD invested $127,068,000 in shares of HD during the first quarter. In the first quarter, PORTSIDE WEALTH GROUP, LLC acquired a new stake in The Home Depot Inc. valued at approximately $123,473,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in HD for approximately $114,462,000. SQUAREPOINT OPS LLC purchased a new stake in HD valued at around $91,754,000 in the second quarter. In total, there are 4,066 active investors with 71.70% ownership of the company’s stock.
During the past 12 months, The Home Depot Inc. has had a low of $265.61 and a high of $347.25. As of last week, the company has a debt-to-equity ratio of 116.72, a current ratio of 1.30, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $381.50B, which is based on a 20.28 price-to-earnings ratio, a 10.97 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for HD is $315.45 and a two-hundred day moving average price translates $307.27 for the stock.
The latest earnings results from The Home Depot Inc. (NYSE: HD) was released for Apr, 2023. According to the Home Improvement Retail Company, earnings per share came in at $4.65, beating analysts’ expectations of $4.44 by 0.21. This compares to $4.09 EPS in the same period last year. The company reported revenue of $37.26 billion for the quarter, compared to $38.91 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.24 percent. For the current quarter, analysts expect HD to generate $37.86B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 06/01/2023 were paid a $2.09 dividend. On an annualized basis, this represents a $8.36 dividend and a 2.51% percent yield. There was an ex-dividend date of 05/31/2023 for this dividend. In terms of dividend payout ratio, HD is presently at 47.30%.
The Home Depot Inc.(HD) Company Profile
The Home Depot, Inc. operates as a home improvement retailer. 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. 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, and building service contractors, as well as specialty tradesmen, such as electricians, plumbers, and painters. It also sells its products through websites, including homedepot.com; homedepot.ca and homedepot.com.mx; blinds.com, an online site for custom window coverings; and thecompanystore.com, an online site for textiles and décor products, as well as through The Home Depot stores. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia.
