StockNews.com assumed coverage on shares of Home Depot (NYSE:HDGet Rating) in a report issued on Thursday. The firm issued a hold rating on the home improvement retailer’s stock.

Other research analysts also recently issued reports about the stock. Piper Sandler decreased their price target on shares of Home Depot from $400.00 to $342.00 in a research report on Wednesday, February 23rd. Gordon Haskett cut their price objective on Home Depot from $385.00 to $355.00 and set a buy rating for the company in a research report on Monday. Edward Jones upgraded Home Depot from a hold rating to a buy rating in a research report on Friday, February 25th. Morgan Stanley lowered their price target on shares of Home Depot from $420.00 to $380.00 and set an overweight rating for the company in a report on Wednesday, February 23rd. Finally, Wedbush decreased their price objective on shares of Home Depot from $410.00 to $340.00 in a research note on Wednesday, February 23rd. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, Home Depot has a consensus rating of Buy and an average price target of $392.83.

Shares of HD opened at $299.33 on Thursday. The stock has a market capitalization of $309.31 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06. The company has a debt-to-equity ratio of 35.47, a quick ratio of 0.24 and a current ratio of 1.01. Home Depot has a 52-week low of $298.40 and a 52-week high of $420.61. The stock’s 50-day simple moving average is $336.36 and its 200 day simple moving average is $361.76.

Home Depot (NYSE:HDGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The home improvement retailer reported $3.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.20 by $0.01. The business had revenue of $35.72 billion during the quarter, compared to analyst estimates of $34.85 billion. Home Depot had a net margin of 10.87% and a return on equity of 2,082.76%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.74 EPS. On average, research analysts forecast that Home Depot will post 16.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 10th were given a dividend of $1.90 per share. The ex-dividend date of this dividend was Wednesday, March 9th. This is a positive change from Home Depot’s previous quarterly dividend of $1.65. This represents a $7.60 dividend on an annualized basis and a dividend yield of 2.54%. Home Depot’s payout ratio is 48.97%.

In other news, EVP Hector A. Padilla sold 504 shares of the firm’s stock in a transaction on Friday, March 25th. The stock was sold at an average price of $309.80, for a total value of $156,139.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of HD. Camden National Bank raised its stake in shares of Home Depot by 9.7% in the fourth quarter. Camden National Bank now owns 2,563 shares of the home improvement retailer’s stock valued at $681,000 after purchasing an additional 226 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Home Depot by 1.4% during the 2nd quarter. Morgan Stanley now owns 11,505,713 shares of the home improvement retailer’s stock worth $3,669,058,000 after acquiring an additional 162,299 shares during the period. BLB&B Advisors LLC boosted its position in shares of Home Depot by 33.1% during the 3rd quarter. BLB&B Advisors LLC now owns 6,228 shares of the home improvement retailer’s stock valued at $2,044,000 after acquiring an additional 1,550 shares in the last quarter. Greenwich Wealth Management LLC increased its stake in Home Depot by 64.9% in the third quarter. Greenwich Wealth Management LLC now owns 2,539 shares of the home improvement retailer’s stock valued at $833,000 after acquiring an additional 999 shares during the period. Finally, First Bancorp Inc ME acquired a new position in Home Depot in the third quarter worth about $521,000. Institutional investors own 69.52% of the company’s stock.

Home Depot Company Profile (Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, 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.

Featured Stories

Analyst Recommendations for Home Depot (NYSE:HD)

Want More Great Investing Ideas?

Receive News & Ratings for Home Depot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Home Depot and related companies with MarketBeat.com’s FREE daily email newsletter.