Home Depot (NYSE:HD) Price Target Raised to $466.00 at DA Davidson

Home Depot (NYSE:HD) had its price target increased by DA Davidson from $430.00 to $466.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a buy rating on the home improvement retailer’s stock.

HD has been the topic of several other research reports. Oppenheimer boosted their price target on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. 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 target for the company. Stifel Nicolaus reduced their price target on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. Morgan Stanley increased their price objective on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Loop Capital upgraded Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the company from $360.00 to $460.00 in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $412.00.

Home Depot Price Performance

HD traded down $3.77 on Friday, reaching $398.91. 1,941,426 shares of the company’s stock were exchanged, compared to its average volume of 3,147,330. Home Depot has a twelve month low of $274.26 and a twelve month high of $421.56. The stock has a market cap of $396.23 billion, a PE ratio of 26.85, a P/E/G ratio of 2.78 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The stock’s fifty day moving average price is $389.81 and its 200-day moving average price is $359.98.

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

Home Depot Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.26%. Home Depot’s dividend payout ratio is currently 60.57%.

Institutional Investors Weigh In On Home Depot

Institutional investors have recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new stake in Home Depot during the 2nd quarter worth $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the second quarter worth about $33,000. Livelsberger Financial Advisory purchased a new stake in shares of Home Depot in the 3rd quarter valued at about $46,000. Denver PWM LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC grew its stake in Home Depot by 68.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Company Profile

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.