The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The company primarily serves homeowners; and professional renovators/remodelers, general contractors, maintenance professionals, handymen, property managers, building service contractors, and specialty tradesmen, such as electricians, plumbers, and painters. It also sells its products through websites, including homedepot.com; blinds.com, an online site for custom window coverings; and thecompanystore.com, an online site for textiles and décor products. As of December 31, 2021, the company operated 2,317 stores in the United States. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia.
Wall Street Analyst Weigh In
Several research analysts have commented on HD shares. Evercore ISI cut their price objective on Home Depot to $360.00 in a research report on Thursday, June 9th. MKM Partners assumed coverage on Home Depot in a report on Thursday, June 23rd. They issued a "neutral" rating and a $285.00 price target for the company. Raymond James decreased their target price on shares of Home Depot from $350.00 to $340.00 and set an "outperform" rating for the company in a research note on Wednesday, May 18th. Wedbush dropped their price target on shares of Home Depot from $340.00 to $320.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 18th. Finally, Piper Sandler upped their price objective on shares of Home Depot from $310.00 to $321.00 and gave the company a "neutral" rating in a research report on Wednesday, May 18th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $368.45.
Home Depot Trading Up 0.8 %
HD traded up $2.52 on Friday, hitting $309.69. 2,029,298 shares of the company's stock were exchanged, compared to its average volume of 2,755,566. The stock has a fifty day moving average of $290.90 and a two-hundred day moving average of $310.38. Home Depot has a twelve month low of $264.51 and a twelve month high of $420.61. The firm has a market cap of $318.29 billion, a PE ratio of 19.66, a P/E/G ratio of 2.00 and a beta of 0.99.
Home Depot (NYSE:HD - Get Rating) last posted its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating the consensus estimate of $3.67 by $0.42. The company had revenue of $38.91 billion during the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.60% and a net margin of 10.83%. The business's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.86 earnings per share. On average, analysts predict that Home Depot will post 16.43 EPS for the current year.
Home Depot Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were issued a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, June 1st. Home Depot's dividend payout ratio (DPR) is 48.25%.
Insider Activity
In other Home Depot news, EVP Hector A. Padilla sold 136 shares of the company's stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the transaction, the executive vice president now owns 11,230 shares in the company, valued at approximately $3,248,052.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Ann Marie Campbell sold 11,293 shares of the company's stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $288.03, for a total value of $3,252,722.79. Following the completion of the sale, the executive vice president now owns 51,175 shares of the company's stock, valued at $14,739,935.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Hector A. Padilla sold 136 shares of the firm's stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $289.23, for a total transaction of $39,335.28. Following the transaction, the executive vice president now directly owns 11,230 shares in the company, valued at approximately $3,248,052.90. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company's stock.
