Home Depot (NYSE:HD) Earns Market Perform Rating from Raymond James

Raymond James reissued their market perform rating on shares of Home Depot (NYSE:HDFree Report) in a research report sent to investors on Wednesday, Benzinga reports.

Several other research firms have also commented on HD. StockNews.com lowered shares of Home Depot from a buy rating to a hold rating in a report on Friday, May 3rd. UBS Group reduced their target price on shares of Home Depot from $411.00 to $400.00 and set a buy rating on the stock in a report on Wednesday. Citigroup cut their price objective on Home Depot from $415.00 to $395.00 and set a buy rating on the stock in a research report on Tuesday, May 7th. Wells Fargo & Company decreased their target price on Home Depot from $425.00 to $400.00 and set an overweight rating for the company in a research report on Thursday, May 9th. Finally, Royal Bank of Canada raised their target price on Home Depot from $299.00 to $377.00 and gave the company a sector perform rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $377.46.

Read Our Latest Stock Report on Home Depot

Home Depot Stock Up 0.4 %

Shares of HD opened at $344.21 on Wednesday. The firm has a market cap of $341.12 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The company has a quick ratio of 0.40, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The company’s fifty day moving average is $354.88 and its two-hundred day moving average is $346.17. Home Depot has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HDGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The home improvement retailer reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.61 by $0.02. The firm had revenue of $36.42 billion during the quarter, compared to the consensus estimate of $36.65 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.82 earnings per share. Analysts forecast that Home Depot will post 15.3 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.61%. The ex-dividend date is Thursday, May 30th. Home Depot’s payout ratio is currently 60.36%.

Insider Activity at Home Depot

In related news, CEO Edward P. Decker sold 35,987 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the transaction, the chief executive officer now directly owns 107,731 shares in the company, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HD. Citizens Financial Group Inc. RI boosted its holdings in Home Depot by 3.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 40,273 shares of the home improvement retailer’s stock valued at $15,448,000 after purchasing an additional 1,221 shares during the period. Kozak & Associates Inc. boosted its stake in shares of Home Depot by 2.3% in the 1st quarter. Kozak & Associates Inc. now owns 3,023 shares of the home improvement retailer’s stock valued at $1,160,000 after purchasing an additional 68 shares in the last quarter. Montchanin Asset Management LLC bought a new stake in shares of Home Depot in the 1st quarter worth about $4,701,000. New Covenant Trust Company N.A. acquired a new stake in shares of Home Depot during the 1st quarter worth about $491,000. Finally, Plato Investment Management Ltd lifted its holdings in Home Depot by 1,482.0% during the 1st quarter. Plato Investment Management Ltd now owns 20,582 shares of the home improvement retailer’s stock valued at $7,895,000 after purchasing an additional 19,281 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.