The Home Depot, Inc. (HD) To Go Ex-Dividend on June 4th

The Home Depot, Inc. (NYSE:HD) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Thursday, June 4th will be given a dividend of 2.33 per share by the home improvement retailer on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, June 4th.

Home Depot has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 16 consecutive years. Home Depot has a payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Home Depot to earn $16.26 per share next year, which means the company should continue to be able to cover its $9.32 annual dividend with an expected future payout ratio of 57.3%.

Home Depot Trading Down 0.2%

NYSE:HD opened at $313.18 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.26 and a debt-to-equity ratio of 3.23. Home Depot has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a market cap of $311.94 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 3.63 and a beta of 1.00. The company has a 50 day simple moving average of $326.94 and a two-hundred day simple moving average of $351.82.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS 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 the consensus estimate of $41.59 billion. During the same quarter in the previous year, the firm posted $3.56 EPS. The firm’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. Research analysts forecast that Home Depot will post 14.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Argus cut their target price on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Wells Fargo & Company cut their price objective on shares of Home Depot from $375.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday. Wolfe Research reissued an “outperform” rating and set a $365.00 price objective on shares of Home Depot in a research report on Tuesday. Finally, KeyCorp reissued a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.39.

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.