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

Key Points

• The Home Depot has received a consensus rating of "Moderate Buy" from 26 analysts, with an average 12-month price target of $435.42.
• Insider trading activity included EVP Angie Brown selling 1,000 shares and CEO Edward P. Decker selling 32,897 shares, reducing their positions significantly.
• The company recently announced a quarterly dividend of $2.30 per share, providing an annualized yield of 2.4%.

Shares of The Home Depot, Inc. (NYSE:HD - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-six ratings firms that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $435.4167.

HD has been the topic of a number of recent analyst reports. Mizuho raised their target price on shares of Home Depot from $435.00 to $450.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. DA Davidson reiterated a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Tuesday, August 19th. Truist Financial raised their target price on shares of Home Depot from $417.00 to $433.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Wolfe Research began coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an "outperform" rating and a $497.00 price objective on the stock. Finally, Robert W. Baird raised their price objective on shares of Home Depot from $425.00 to $450.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th.

Insider Transactions at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $404.07, for a total value of $404,070.00. Following the sale, the executive vice president owned 3,837 shares in the company, valued at approximately $1,550,416.59. The trade was a 20.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward P. Decker sold 32,897 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the sale, the chief executive officer owned 122,425 shares in the company, valued at $48,629,658.50. This represents a 21.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock valued at $19,623,432 over the last 90 days. Corporate insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Home Depot

Institutional investors and hedge funds have recently made changes to their positions in the company. Mainstay Capital Management LLC ADV bought a new position in shares of Home Depot in the second quarter valued at about $263,000. Tower View Wealth Management LLC raised its holdings in shares of Home Depot by 4.3% in the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer's stock valued at $5,938,000 after buying an additional 671 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of Home Depot in the first quarter valued at about $3,851,000. Shell Asset Management Co. raised its holdings in shares of Home Depot by 45.2% in the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer's stock valued at $17,663,000 after buying an additional 15,002 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Home Depot in the first quarter valued at about $406,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Price Performance

NYSE HD opened at $388.49 on Thursday. The company has a 50 day simple moving average of $403.59 and a 200-day simple moving average of $377.59. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. The firm has a market capitalization of $386.70 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.68 and a beta of 1.00. Home Depot has a 52-week low of $326.31 and a 52-week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.69 by ($0.01). The company had revenue of $45.28 billion during the quarter, compared to analysts' expectations of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Equities research analysts predict that Home Depot will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 4th. Home Depot's dividend payout ratio (DPR) is 62.50%.

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.

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