The Home Depot, Inc. (NYSE:HD) Receives $426.77 Consensus Target Price from Brokerages

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

A number of brokerages have weighed in on HD. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $398.00 price target (up from $380.00) on shares of Home Depot in a research report on Wednesday, May 21st. Jefferies Financial Group reduced their target price on shares of Home Depot from $461.00 to $456.00 in a report on Tuesday, May 20th. Evercore ISI set a $400.00 target price on Home Depot and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Guggenheim reiterated a "buy" rating and set a $450.00 target price on shares of Home Depot in a report on Wednesday, May 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th.

Home Depot Price Performance

NYSE HD traded down $9.06 during trading hours on Friday, reaching $354.10. The company's stock had a trading volume of 3,362,684 shares, compared to its average volume of 3,405,452. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The company's 50-day moving average is $362.33 and its two-hundred day moving average is $383.33. Home Depot has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The stock has a market cap of $352.31 billion, a PE ratio of 24.06, a PEG ratio of 4.03 and a beta of 1.02.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data 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 net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter in the prior year, the company earned $3.63 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. Analysts forecast that Home Depot will post 15.13 EPS for the current year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be issued a $2.30 dividend. This represents a $9.20 annualized dividend and a yield of 2.60%. The ex-dividend date is Thursday, June 5th. Home Depot's dividend payout ratio (DPR) is 62.42%.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Center for Financial Planning Inc. lifted its position in shares of Home Depot by 0.5% during the fourth quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer's stock worth $1,810,000 after purchasing an additional 24 shares in the last quarter. Tranquility Partners LLC increased its holdings in shares of Home Depot by 1.1% in the 4th quarter. Tranquility Partners LLC now owns 2,306 shares of the home improvement retailer's stock valued at $897,000 after acquiring an additional 26 shares during the last quarter. Wealth Group Ltd. increased its stake in Home Depot by 5.0% during the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock valued at $219,000 after purchasing an additional 27 shares during the last quarter. Members Trust Co raised its stake in Home Depot by 1.0% during the fourth quarter. Members Trust Co now owns 2,692 shares of the home improvement retailer's stock worth $1,047,000 after acquiring an additional 27 shares during the period. Finally, Sollinda Capital Management LLC raised its position in shares of Home Depot by 2.5% during the 4th quarter. Sollinda Capital Management LLC now owns 1,115 shares of the home improvement retailer's stock worth $434,000 after purchasing an additional 27 shares during the period. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

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.