Home Depot (NYSE:HD) had its price target hoisted by Bank of America from $238.00 to $250.00 in a research report sent to investors on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the home improvement retailer’s stock.
HD has been the topic of several other research reports. Gordon Haskett lowered Home Depot from an accumulate rating to a hold rating in a research note on Wednesday, April 22nd. SunTrust Banks dropped their price objective on Home Depot from $240.00 to $220.00 and set a hold rating on the stock in a research report on Thursday, April 16th. Telsey Advisory Group raised their price objective on Home Depot from $230.00 to $244.00 and gave the company a market perform rating in a research report on Wednesday, February 26th. Jefferies Financial Group raised their price objective on Home Depot from $228.00 to $269.00 and gave the company a buy rating in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. raised their price objective on Home Depot from $241.00 to $260.00 and gave the company an overweight rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $251.03.
HD stock traded up $1.00 during midday trading on Tuesday, hitting $241.88. The company’s stock had a trading volume of 3,041,253 shares, compared to its average volume of 5,876,560. The firm has a market capitalization of $258.73 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. Home Depot has a 12 month low of $140.63 and a 12 month high of $248.32. The company has a 50 day moving average of $213.77 and a two-hundred day moving average of $219.47.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 19th. The home improvement retailer reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.19). Home Depot had a negative return on equity of 496.11% and a net margin of 9.79%. The company had revenue of $28.26 billion during the quarter, compared to the consensus estimate of $27.59 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts expect that Home Depot will post 9.79 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Wednesday, June 3rd. Home Depot’s dividend payout ratio (DPR) is presently 58.54%.
In related news, EVP William G. Lennie sold 9,848 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $234.34, for a total transaction of $2,307,780.32. Following the completion of the sale, the executive vice president now directly owns 37,995 shares in the company, valued at $8,903,748.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 17,993 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $236.02, for a total value of $4,246,707.86. Following the sale, the executive vice president now owns 54,405 shares of the company’s stock, valued at $12,840,668.10. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of Home Depot by 14.8% during the first quarter. The Manufacturers Life Insurance Company now owns 2,400,828 shares of the home improvement retailer’s stock worth $448,259,000 after purchasing an additional 309,587 shares in the last quarter. Mcmillion Capital Management Inc. boosted its stake in Home Depot by 82.5% during the first quarter. Mcmillion Capital Management Inc. now owns 2,327 shares of the home improvement retailer’s stock worth $434,000 after buying an additional 1,052 shares during the last quarter. FDx Advisors Inc. boosted its stake in Home Depot by 16.6% during the first quarter. FDx Advisors Inc. now owns 37,766 shares of the home improvement retailer’s stock worth $7,051,000 after buying an additional 5,372 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Home Depot by 3.1% during the first quarter. Clearbridge Investments LLC now owns 7,109,073 shares of the home improvement retailer’s stock worth $1,327,335,000 after buying an additional 214,155 shares during the last quarter. Finally, Integrated Investment Consultants LLC boosted its stake in Home Depot by 3.8% during the first quarter. Integrated Investment Consultants LLC now owns 2,566 shares of the home improvement retailer’s stock worth $479,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 69.75% of the company’s stock.
Home Depot 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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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