Home Depot (NYSE:HD) PT Lowered to $415.00 at Evercore ISI

Home Depot (NYSE:HD - Free Report) had its price objective cut by Evercore ISI from $420.00 to $415.00 in a research report report published on Tuesday, Benzinga reports. They currently have an outperform rating on the home improvement retailer's stock.

Other analysts also recently issued reports about the company. Barclays upgraded Home Depot from an equal weight rating to an overweight rating and upped their price objective for the stock from $325.00 to $372.00 in a research report on Thursday, January 4th. Oppenheimer downgraded Home Depot from an outperform rating to a market perform rating in a research report on Monday, January 22nd. Stifel Nicolaus upped their target price on Home Depot from $355.00 to $366.00 and gave the stock a hold rating in a report on Friday, February 16th. HSBC reaffirmed a reduce rating and issued a $323.00 target price on shares of Home Depot in a report on Wednesday, April 3rd. Finally, Piper Sandler raised Home Depot from a neutral rating to an overweight rating and upped their target price for the stock from $311.00 to $400.00 in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of Moderate Buy and an average target price of $375.96.

Home Depot Stock Performance

HD traded down $3.10 during trading on Tuesday, hitting $334.83. The stock had a trading volume of 4,504,019 shares, compared to its average volume of 3,336,531. The company has a 50 day moving average price of $369.14 and a 200-day moving average price of $339.05. The firm has a market cap of $331.82 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 2.28 and a beta of 0.98. Home Depot has a one year low of $274.26 and a one year high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 9.92%. The company's revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.30 EPS. As a group, research analysts predict that Home Depot will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from Home Depot's previous quarterly dividend of $2.09. Home Depot's payout ratio is currently 59.60%.

Insider Activity at Home Depot

In other news, CEO Edward P. Decker sold 35,987 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total value of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares of the company's stock, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Edward P. Decker sold 35,987 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now owns 107,731 shares of the company's stock, valued at approximately $39,712,878.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Institutional Trading of Home Depot

Several institutional investors have recently added to or reduced their stakes in HD. BCK Partners Inc. bought a new stake in Home Depot during the first quarter valued at about $2,933,000. Fairfield Bush & CO. purchased a new position in Home Depot in the first quarter worth about $27,000. Ergoteles LLC purchased a new position in shares of Home Depot during the first quarter valued at approximately $1,554,000. Equitable Holdings Inc. boosted its position in shares of Home Depot by 7.4% during the first quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer's stock valued at $4,379,000 after buying an additional 1,007 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Home Depot by 3.2% during the first quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer's stock valued at $236,865,000 after buying an additional 24,640 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

About Home Depot

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.