Home Depot (NYSE:HD) Now Covered by Wolfe Research

Wolfe Research assumed coverage on shares of Home Depot (NYSE:HD) in a report released on Thursday morning, MarketBeat.com reports. The firm issued an outperform rating and a $497.00 price objective on the home improvement retailer’s stock.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company upped their price target on Home Depot from $420.00 to $450.00 and gave the company an “overweight” rating in a report on Wednesday, August 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $398.00 price target (up previously from $380.00) on shares of Home Depot in a report on Wednesday, May 21st. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price target on shares of Home Depot in a report on Wednesday, May 21st. Evercore ISI set a $400.00 price target on Home Depot and gave the company an “outperform” rating in a report on Thursday, May 22nd. Finally, TD Securities cut Home Depot to a “buy” rating in a report on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $435.00.

Home Depot Stock Performance

HD opened at $417.66 on Thursday. The company has a market capitalization of $415.73 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 3.95 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. Home Depot has a 1-year low of $326.31 and a 1-year high of $439.37. The business has a 50 day moving average price of $394.02 and a two-hundred day moving average price of $373.24.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The firm had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. Research analysts predict that Home Depot will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, September 4th. Home Depot’s dividend payout ratio is 62.50%.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the sale, the chief financial officer owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,835 shares of company stock valued at $19,623,432. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its position in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in Home Depot by 4.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 12,204 shares of the home improvement retailer’s stock worth $4,747,000 after purchasing an additional 565 shares in the last quarter. State of Wyoming raised its position in Home Depot by 29.1% in the fourth quarter. State of Wyoming now owns 666 shares of the home improvement retailer’s stock worth $259,000 after purchasing an additional 150 shares in the last quarter. Novem Group acquired a new stake in shares of Home Depot during the fourth quarter worth approximately $941,000. Finally, Mosaic Family Wealth Partners LLC increased its holdings in shares of Home Depot by 6.2% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,876 shares of the home improvement retailer’s stock worth $730,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds 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.