The Home Depot, Inc. (NYSE:HD) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Home Depot a “Moderate Buy” consensus: 18 analysts rate it a buy, 13 recommend holding, and one recommends selling. The average 12-month price target is $373.14.
• Home Depot’s shares opened at $353.65, up 0.8%, with a market capitalization of approximately $352.6 billion.
• The company exceeded quarterly estimates with $3.43 in EPS and $41.77 billion in revenue, while maintaining a quarterly dividend of $2.33 per share, yielding about 2.6% annually.

Shares of The Home Depot, Inc. (NYSE:HD - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirty-two analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $373.1429.

Several research firms have recently weighed in on HD. Bank of America initiated coverage on shares of Home Depot in a research report on Tuesday, May 5th. They set a "buy" rating and a $374.00 price objective on the stock. Weiss Ratings upgraded shares of Home Depot from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 7th. Sanford C. Bernstein reissued a "market perform" rating and issued a $346.00 target price on shares of Home Depot in a research note on Wednesday, May 20th. Wells Fargo & Company raised their price target on Home Depot from $360.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Piper Sandler dropped their price target on Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a research note on Wednesday, May 20th.

Home Depot Stock Up 0.8%

HD stock opened at $353.65 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The company's 50 day moving average is $337.39 and its 200 day moving average is $342.43. The stock has a market cap of $352.63 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 4.05 and a beta of 0.95. Home Depot has a 1-year low of $289.10 and a 1-year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion during the quarter, compared to analyst estimates of $41.59 billion. During the same period in the previous year, the business posted $3.56 earnings per share. Home Depot's revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Sell-side analysts predict that Home Depot will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot's dividend payout ratio (DPR) is currently 66.19%.

Institutional Trading of Home Depot

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advocate Investing Services LLC bought a new position in shares of Home Depot during the 4th quarter valued at $25,000. Zeit Capital LLC bought a new stake in Home Depot in the second quarter worth $26,000. Parvin Asset Management LLC boosted its position in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer's stock valued at $26,000 after buying an additional 33 shares during the period. Cache Advisors LLC purchased a new stake in Home Depot during the first quarter valued at about $27,000. Finally, Key Capital Management INC bought a new position in shares of Home Depot during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Company Profile

The Home Depot, Inc NYSE: HD is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot's core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

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