Analysts Set The Home Depot, Inc. (NYSE:HD) Target Price at $426.77

The Home Depot, Inc. (NYSE:HD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-nine analysts that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $426.77.

A number of equities research analysts have issued reports on the company. Morgan Stanley reaffirmed an "overweight" rating and issued a $415.00 price target (up previously from $410.00) on shares of Home Depot in a research report on Tuesday, May 20th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Monday, June 30th. Gordon Haskett increased their price target on Home Depot from $350.00 to $360.00 in a research report on Tuesday, May 20th. Stifel Nicolaus raised Home Depot from a "hold" rating to a "buy" rating and increased their price target for the company from $405.00 to $425.00 in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group reduced their price target on Home Depot from $461.00 to $456.00 in a research report on Tuesday, May 20th.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the completion of the transaction, the executive vice president directly owned 7,951 shares of the company's stock, valued at $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the transaction, the executive vice president directly owned 17,367 shares of the company's stock, valued at approximately $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Hedge Funds Weigh In On Home Depot

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Home Depot by 0.8% during the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock worth $35,360,494,000 after purchasing an additional 720,447 shares during the period. Geode Capital Management LLC grew its position in Home Depot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock valued at $8,525,046,000 after acquiring an additional 257,036 shares during the period. Asset Planning Services Inc. LA ADV grew its position in Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares during the period. Charles Schwab Investment Management Inc. grew its position in Home Depot by 6.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after acquiring an additional 891,326 shares during the period. Finally, Norges Bank purchased a new stake in Home Depot during the fourth quarter valued at about $5,032,910,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.1%

HD traded down $0.19 during mid-day trading on Tuesday, hitting $367.45. 2,530,020 shares of the stock were exchanged, compared to its average volume of 3,434,559. The firm's fifty day moving average is $365.35 and its two-hundred day moving average is $375.98. Home Depot has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. The company has a market cap of $365.59 billion, a PE ratio of 24.93, a PEG ratio of 3.53 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The firm had revenue of $39.86 billion for the quarter, compared to analyst estimates of $39.24 billion. During the same period in the previous year, the company posted $3.63 EPS. Home Depot's revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that Home Depot will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th were issued a $2.30 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.50%. Home Depot's dividend payout ratio (DPR) is 62.42%.

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.