The Home Depot, Inc. (NYSE:HD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

The Home Depot, Inc. (NYSE:HD) has been given a consensus rating of “Moderate Buy” by the thirty-four analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-one have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $403.9333.

Several equities research analysts have commented on the company. The Goldman Sachs Group dropped their price target on Home Depot from $444.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Truist Financial set a $379.00 target price on Home Depot in a research report on Tuesday, November 18th. Citigroup dropped their target price on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating for the company in a research report on Friday, November 21st. Gordon Haskett reduced their price objective on Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Finally, Evercore ISI lowered their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th.

Home Depot Price Performance

Shares of HD opened at $350.66 on Friday. The firm has a market capitalization of $349.09 billion, a PE ratio of 23.90, a P/E/G ratio of 6.31 and a beta of 1.06. The stock’s 50 day moving average is $374.17 and its two-hundred day moving average is $379.93. Home Depot has a twelve month low of $326.31 and a twelve month high of $436.36. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts anticipate that Home Depot will post 15.13 earnings per share for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a dividend of $2.30 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s payout ratio is 62.71%.

Insider Transactions at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Home Depot

Several hedge funds have recently bought and sold shares of HD. Severin Investments LLC boosted its position in Home Depot by 3.9% during the third quarter. Severin Investments LLC now owns 1,903 shares of the home improvement retailer’s stock worth $771,000 after purchasing an additional 72 shares during the period. Allworth Financial LP raised its position in shares of Home Depot by 1.9% in the third quarter. Allworth Financial LP now owns 204,834 shares of the home improvement retailer’s stock valued at $82,997,000 after purchasing an additional 3,831 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Home Depot by 2.1% in the third quarter. Swiss Life Asset Management Ltd now owns 334,430 shares of the home improvement retailer’s stock worth $135,508,000 after buying an additional 6,722 shares during the last quarter. Stillwater Wealth Management Group bought a new stake in shares of Home Depot during the 3rd quarter worth $3,502,000. Finally, Payne Capital Management LLC boosted its holdings in shares of Home Depot by 11.8% during the 3rd quarter. Payne Capital Management LLC now owns 1,535 shares of the home improvement retailer’s stock worth $622,000 after buying an additional 162 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

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.