Home Depot (NYSE:HD) PT Raised to $400.00

Home Depot (NYSE:HD) had its price objective raised by Oppenheimer from $345.00 to $400.00 in a report issued on Tuesday morning, Benzinga reports. Oppenheimer currently has a market perform rating on the home improvement retailer’s stock.

A number of other equities research analysts have also recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of Home Depot from $380.00 to $375.00 and set a hold rating on the stock in a research note on Wednesday, August 14th. Loop Capital increased their price target on shares of Home Depot from $330.00 to $360.00 and gave the company a hold rating in a research report on Tuesday, September 17th. Daiwa America upgraded Home Depot to a hold rating in a research report on Thursday, August 15th. UBS Group increased their target price on Home Depot from $400.00 to $425.00 and gave the company a buy rating in a report on Wednesday, August 14th. Finally, Evercore ISI cut their price target on Home Depot from $415.00 to $400.00 and set an outperform rating for the company in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has an average rating of Moderate Buy and an average target price of $391.88.

Home Depot Trading Up 0.7 %

Shares of HD opened at $399.44 on Tuesday. The firm’s 50-day moving average is $368.10 and its two-hundred day moving average is $355.21. Home Depot has a twelve month low of $274.26 and a twelve month high of $403.54. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The firm has a market capitalization of $396.09 billion, a P/E ratio of 26.79, a PEG ratio of 2.71 and a beta of 1.00.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $4.65 EPS. On average, research analysts predict that Home Depot will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.25%. Home Depot’s dividend payout ratio is currently 60.36%.

Hedge Funds Weigh In On Home Depot

A number of hedge funds have recently made changes to their positions in the business. Gilbert & Cook Inc. lifted its position in shares of Home Depot by 3.9% during the fourth quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock worth $1,475,000 after purchasing an additional 158 shares in the last quarter. Aveo Capital Partners LLC lifted its holdings in Home Depot by 4.8% in the 4th quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock worth $931,000 after buying an additional 122 shares in the last quarter. 9258 Wealth Management LLC boosted its position in Home Depot by 4.2% in the 4th quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock valued at $4,811,000 after buying an additional 557 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in shares of Home Depot by 161.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock valued at $2,188,000 after acquiring an additional 3,923 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd increased its position in shares of Home Depot by 162.4% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 7,498 shares of the home improvement retailer’s stock worth $2,598,000 after acquiring an additional 4,640 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

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.