Home Depot’s (HD) Buy Rating Reaffirmed at DA Davidson

DA Davidson restated their buy rating on shares of Home Depot (NYSE:HD) in a research note issued to investors on Monday morning,Benzinga reports. DA Davidson currently has a $377.00 target price on the home improvement retailer’s stock.

Several other research firms have also commented on HD. Royal Bank Of Canada decreased their price target on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a research note on Wednesday, May 20th. Gordon Haskett increased their target price on shares of Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. TD Cowen lowered their target price on shares of Home Depot from $450.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Stifel Nicolaus cut their price target on shares of Home Depot from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Eighteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $371.71.

Home Depot Price Performance

HD opened at $335.43 on Monday. The business has a fifty day moving average of $330.23 and a 200 day moving average of $344.63. The stock has a market cap of $334.46 billion, a P/E ratio of 23.82, a PEG ratio of 3.84 and a beta of 0.95. The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 3.23. Home Depot has a 52-week low of $289.10 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion for the quarter, compared to analyst estimates of $41.59 billion. During the same quarter last year, the firm posted $3.56 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, sell-side analysts anticipate that Home Depot will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a yield of 2.8%. Home Depot’s dividend payout ratio is currently 66.19%.

Hedge Funds Weigh In On Home Depot

Institutional investors have recently bought and sold shares of the business. Gator Capital Management LLC acquired a new position in Home Depot in the 4th quarter worth about $3,693,000. King Luther Capital Management Corp grew its holdings in Home Depot by 0.6% in the fourth quarter. King Luther Capital Management Corp now owns 1,240,478 shares of the home improvement retailer’s stock valued at $426,848,000 after purchasing an additional 7,180 shares during the period. Carnegie Investment Counsel increased its position in shares of Home Depot by 24.8% in the fourth quarter. Carnegie Investment Counsel now owns 108,306 shares of the home improvement retailer’s stock valued at $37,268,000 after buying an additional 21,545 shares in the last quarter. Savvy Advisors Inc. raised its stake in shares of Home Depot by 36.0% during the 4th quarter. Savvy Advisors Inc. now owns 19,478 shares of the home improvement retailer’s stock worth $6,703,000 after buying an additional 5,152 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Home Depot by 320.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 11,292 shares of the home improvement retailer’s stock worth $3,886,000 after buying an additional 8,606 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 (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.