Home Depot (NYSE: HD)‘s stock had its “market perform” rating reaffirmed by research analysts at Sanford C. Bernstein in a report released on Tuesday. They currently have a $71.00 target price on the stock.
Shares of Home Depot traded down 0.35% during mid-day trading on Tuesday, hitting $70.682. Home Depot has a 52 week low of $46.37 and a 52 week high of $71.45. The stock’s 50-day moving average is currently $67.57. The company has a market cap of $104.5 billion and a P/E ratio of 23.64.
Home Depot last announced its earnings results 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 analysts have also recently weighed in on HD. Analysts at TheStreet reiterated a “buy” rating on shares of Home Depot in a research note to investors on Tuesday. Separately, 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.
Thirteen equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, fourteen have assigned a hold rating, one has issued an underweight rating, and one has issued a sell rating to the company’s stock. The stock currently has an average rating of “overweight” and a consensus target price of $72.46.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 28th. Stockholders of record on Thursday, March 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Tuesday, March 12th. This is a boost 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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