DA Davidson Research Analysts Lift Earnings Estimates for The Home Depot, Inc. (NYSE:HD)

Last updated on Wednesday, May 5, 2021 | 2021 MarketBeat

The Home Depot, Inc. (NYSE:HD) - Investment analysts at DA Davidson upped their Q1 2022 earnings per share estimates for The Home Depot in a research report issued on Friday, April 30th. DA Davidson analyst M. Baker now expects that the home improvement retailer will post earnings of $3.00 per share for the quarter, up from their previous estimate of $2.93. DA Davidson also issued estimates for The Home Depot's FY2023 earnings at $14.18 EPS.

A number of other equities research analysts have also recently issued reports on HD. UBS Group boosted their target price on shares of The Home Depot from $305.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, April 20th. Zelman & Associates lowered shares of The Home Depot from a "buy" rating to a "hold" rating in a research report on Thursday, April 15th. Loop Capital boosted their price objective on shares of The Home Depot from $310.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, April 19th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on The Home Depot from $288.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Guggenheim raised The Home Depot from a "neutral" rating to a "buy" rating and set a $310.00 price target for the company in a report on Wednesday, January 13th. Five equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company's stock. The stock has a consensus rating of "Buy" and an average target price of $310.26.

Shares of NYSE:HD opened at $332.77 on Monday. The stock has a market cap of $357.80 billion, a PE ratio of 28.79, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The Home Depot has a 12-month low of $223.61 and a 12-month high of $333.23. The business has a 50 day moving average of $311.07 and a 200-day moving average of $281.95. The Home Depot (NYSE:HD) last announced its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.02. The Home Depot had a negative return on equity of 910.85% and a net margin of 9.94%. The business had revenue of $32.26 billion during the quarter, compared to the consensus estimate of $27.10 billion. During the same quarter last year, the firm posted $2.28 EPS. The company's quarterly revenue was up 25.1% on a year-over-year basis.

Institutional investors have recently made changes to their positions in the business. CI Investments Inc. grew its stake in shares of The Home Depot by 7.4% in the 4th quarter. CI Investments Inc. now owns 80,119 shares of the home improvement retailer's stock worth $21,281,000 after acquiring an additional 5,505 shares in the last quarter. Roffman Miller Associates Inc. PA increased its stake in The Home Depot by 27.9% in the 1st quarter. Roffman Miller Associates Inc. PA now owns 390,451 shares of the home improvement retailer's stock valued at $46,067,000 after buying an additional 85,287 shares during the last quarter. Clearview Wealth Advisors LLC bought a new position in shares of The Home Depot during the 4th quarter worth approximately $249,000. Canvas Wealth Advisors LLC purchased a new position in shares of The Home Depot in the 1st quarter worth approximately $1,060,000. Finally, Venture Visionary Partners LLC grew its holdings in shares of The Home Depot by 99.2% in the fourth quarter. Venture Visionary Partners LLC now owns 27,768 shares of the home improvement retailer's stock valued at $7,375,000 after acquiring an additional 13,825 shares in the last quarter. 68.71% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Investors of record on Thursday, March 11th were paid a dividend of $1.65 per share. This is an increase from The Home Depot's previous quarterly dividend of $1.50. This represents a $6.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Wednesday, March 10th. The Home Depot's dividend payout ratio is 64.39%.

About The Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, 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.

Read More: What is the Shanghai Stock Exchange Composite Index?

Earnings History and Estimates for The Home Depot (NYSE:HD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Environmental, Social, and Governance (ESG) Investing



7 Outdoor Recreation Stocks For Growth And Dividends

If American’s liked outdoor activities before, they love them even more now. The COVID-19 pandemic has done many things, and one of them is reinvigorating American’s love of the outdoors. Data from across the industry shows a sustained uptick in revenue that has the entire complex moving higher.

The RV Industry Association, for example, reports shipments of RVs are up greater than 30% in 2020 and are expected to grow another 20% or more in 2021. If data from the two of the industry’s largest manufacturers are any indication, that forecast is very conservative.

And the gains aren’t limited to RVs. Everything that has anything to do with outdoor recreation is booming. Sales at Dicks Sporting Goods, an iconic brand for retail and the outdoors, has seen a sustained 20% increase in revenue since the 2nd quarter shutdowns. If anything, revenue in this sector is being held back by rapidly declining inventory and tight shipping conditions.

The stocks we are about to show all have something in common; the outdoors. Within the group, you will find everything from RVs to Radios and everything in between an outdoor enthusiast could need or want. Some pay dividends and some don’t, but all will deliver solid returns to investors in 2021.

View the "7 Outdoor Recreation Stocks For Growth And Dividends".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.