Home Depot (NYSE: HD)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Tuesday.
The analysts wrote, “Home Depot (HD) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+ . The company’s strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins.”
Home Depot traded down 0.31% on Tuesday, hitting $70.713. Home Depot has a 1-year low of $46.37 and a 1-year high of $71.45. The stock’s 50-day moving average is currently $67.57. The company has a market cap of $104.6 billion and a price-to-earnings ratio of 23.64.
Home Depot last released its earnings data on Tuesday, February 26th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.03. The company had revenue of $18.20 billion for the quarter, compared to the consensus estimate of $17.66 billion. During the same quarter last year, the company posted $0.50 earnings per share. Home Depot’s revenue was up 13.9% compared to the same quarter last year. Home Depot has set its FY14 guidance at $3.37 EPS. Analysts expect that Home Depot will post $3.51 EPS for the current fiscal year.
A number of other firms have also recently commented on HD. Analysts at Zacks reiterated a “neutral” rating on shares of Home Depot in a research note to investors on Wednesday, March 6th. They now have a $74.00 price target on the stock. Separately, analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Home Depot in a research note to investors on Wednesday, February 27th. They now have a $74.00 price target on the stock, up previously from $70.00. Finally, analysts at Barclays Capital raised their price target on shares of Home Depot from $70.00 to $78.00 in a research note to investors on Wednesday, February 27th. They now have an “overweight” rating on the stock.
Thirteen investment analysts have rated the stock with a buy rating, one has issued an overweight rating, fourteen have assigned a hold rating, one has assigned an underweight rating, and one has issued a sell rating to the company’s stock. The company has a consensus rating of “overweight” and an average price target of $72.46.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 28th. Stockholders of record on Thursday, March 14th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Tuesday, March 12th. This is an increase from Home Depot’s previous quarterly dividend of $0.29.
The Home Depot, Inc. (The Home Depot) is a home improvement retailer. The Company operates The Home Depot stores, which are full-service, warehouse-style stores.
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