The Home Depot, Inc. (NYSE:HD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of The Home Depot, Inc. (NYSE:HD) have earned a consensus recommendation of “Moderate Buy” from the thirty-two research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eighteen have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $371.7143.

A number of brokerages have recently weighed in on HD. JPMorgan Chase & Co. dropped their price objective on shares of Home Depot from $423.00 to $396.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Citigroup dropped their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Truist Financial dropped their price objective on shares of Home Depot from $394.00 to $369.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Jefferies Financial Group dropped their price objective on shares of Home Depot from $361.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Finally, DA Davidson dropped their price objective on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th.

Home Depot Trading Up 1.0%

Shares of Home Depot stock opened at $348.60 on Tuesday. Home Depot has a 12-month low of $289.10 and a 12-month high of $426.75. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The stock has a market cap of $347.60 billion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 4.03 and a beta of 0.97. The company has a 50-day moving average of $322.98 and a two-hundred day moving average of $345.78.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. During the same period last year, the company posted $3.56 EPS. The company’s revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, research analysts anticipate that Home Depot will post 15.01 EPS for the current fiscal year.

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is 66.19%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Advocate Investing Services LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $25,000. Parvin Asset Management LLC grew its stake in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Cache Advisors LLC purchased a new stake in Home Depot in the 1st quarter worth approximately $27,000. Key Capital Management INC purchased a new stake in Home Depot in the 4th quarter worth approximately $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in Home Depot in the 1st quarter worth approximately $28,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.