Home Depot (NYSE:HD) Given New $455.00 Price Target at Truist Financial

Home Depot (NYSE:HD) had its price objective boosted by Truist Financial from $395.00 to $455.00 in a report released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the home improvement retailer’s stock.

Other equities analysts have also issued research reports about the company. Telsey Advisory Group reissued a “market perform” rating and issued a $360.00 target price on shares of Home Depot in a report on Thursday, September 12th. JPMorgan Chase & Co. increased their target price on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 target price on the stock in a report on Wednesday, October 2nd. Royal Bank of Canada decreased their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Finally, Jefferies Financial Group initiated coverage on shares of Home Depot in a research note on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $404.69.

Home Depot Stock Down 0.7 %

Home Depot stock opened at $415.75 on Monday. Home Depot has a twelve month low of $274.26 and a twelve month high of $421.56. The stock’s fifty day simple moving average is $383.77 and its 200-day simple moving average is $358.20. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The firm has a market capitalization of $412.26 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.88 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.65 earnings per share. As a group, equities analysts expect that Home Depot will post 15.01 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.16%. Home Depot’s payout ratio is currently 60.36%.

Institutional Investors Weigh In On Home Depot

Hedge funds have recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in Home Depot in the second quarter valued at about $25,000. Kings Path Partners LLC purchased a new position in Home Depot in the second quarter valued at about $33,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Home Depot in the first quarter valued at about $38,000. Livelsberger Financial Advisory purchased a new position in Home Depot in the fourth quarter valued at about $39,000. Finally, Denver PWM LLC purchased a new position in Home Depot in the second quarter valued at about $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.