Other research analysts have also recently issued reports about the stock. Wells Fargo & Co restated a hold rating and issued a $70.00 price objective on shares of Church & Dwight in a research report on Thursday, May 2nd. Morgan Stanley decreased their price objective on shares of Wells Fargo & Co from $55.00 to $51.00 and set an equal weight rating on the stock in a research report on Monday, April 15th. Royal Bank of Canada set a €86.00 ($100.00) price objective on shares of Henkel AG & Co KGaA and gave the stock a neutral rating in a research report on Tuesday, May 7th. Goldman Sachs Group upgraded shares of Altria Group from a neutral rating to a buy rating and set a $59.00 price objective on the stock in a research report on Thursday. Finally, Evercore ISI started coverage on shares of Polarityte in a research report on Wednesday, March 20th. They issued an outperform rating and a $26.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Home Depot currently has a consensus rating of Buy and a consensus target price of $206.94.
NYSE HD opened at $218.23 on Friday. The stock has a market capitalization of $240.12 billion, a P/E ratio of 22.07, a PEG ratio of 2.02 and a beta of 1.12. Home Depot has a 52 week low of $158.09 and a 52 week high of $218.25. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.26 and a current ratio of 1.04. The firm’s 50-day simple moving average is $203.01.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The firm had revenue of $26.38 billion for the quarter, compared to analysts’ expectations of $26.34 billion. During the same period in the prior year, the business posted $2.08 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts expect that Home Depot will post 10.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Wednesday, June 5th. Home Depot’s payout ratio is currently 55.01%.
In other news, EVP Matt Carey sold 34,688 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the completion of the sale, the executive vice president now owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy A. Hourigan sold 13,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $193.30, for a total value of $2,512,900.00. Following the sale, the executive vice president now directly owns 64,575 shares of the company’s stock, valued at approximately $12,482,347.50. The disclosure for this sale can be found here. Insiders have sold 82,522 shares of company stock worth $16,156,831 over the last quarter. Company insiders own 0.27% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC bought a new position in Home Depot in the second quarter worth $31,000. Virtus ETF Advisers LLC bought a new position in Home Depot in the fourth quarter worth $32,000. Thor Advisors LLC bought a new position in Home Depot in the first quarter worth $32,000. Enlightenment Research LLC bought a new position in Home Depot in the fourth quarter worth $34,000. Finally, Private Ocean LLC raised its holdings in Home Depot by 53.3% in the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 72 shares in the last quarter. 69.34% of the stock is owned by hedge funds and other institutional investors.
About Home Depot
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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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