The Home Depot, Inc. (NYSE:HD) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of The Home Depot, Inc. (NYSE:HD - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-eight research firms that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $430.32.

A number of research firms recently weighed in on HD. Truist Financial increased their price objective on shares of Home Depot from $391.00 to $393.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Morgan Stanley lowered their price objective on shares of Home Depot from $450.00 to $410.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company decreased their price target 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. Finally, Gordon Haskett cut shares of Home Depot from a "buy" rating to a "hold" rating in a research report on Friday, April 4th.

Home Depot Stock Up 0.6%

HD stock opened at $380.74 on Monday. The firm has a 50-day moving average of $358.12 and a two-hundred day moving average of $387.95. Home Depot has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The company has a market cap of $378.46 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to analysts' expectations of $39.15 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business's revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.82 EPS. As a group, analysts forecast that Home Depot will post 15.13 earnings per share for the current fiscal year.

Home Depot Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a dividend of $2.30 per share. This is a positive change from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, March 13th. Home Depot's dividend payout ratio (DPR) is currently 61.66%.

Institutional Investors Weigh In On Home Depot

Several hedge funds and other institutional investors have recently bought and sold shares of HD. Wealth Group Ltd. raised its stake in Home Depot by 5.0% during the 4th quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer's stock worth $219,000 after acquiring an additional 27 shares in the last quarter. Tallon Kerry Patrick acquired a new position in Home Depot in the fourth quarter valued at $281,000. Capital & Planning LLC increased its stake in Home Depot by 110.2% in the fourth quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer's stock valued at $418,000 after purchasing an additional 563 shares during the period. Tompkins Financial Corp increased its stake in Home Depot by 1.0% in the fourth quarter. Tompkins Financial Corp now owns 34,564 shares of the home improvement retailer's stock valued at $13,445,000 after purchasing an additional 339 shares during the period. Finally, Everpar Advisors LLC increased its stake in Home Depot by 4.6% in the fourth quarter. Everpar Advisors LLC now owns 2,550 shares of the home improvement retailer's stock valued at $992,000 after purchasing an additional 111 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.

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