Home Depot (NYSE:HD) Given Buy Rating at Guggenheim

Guggenheim reissued their buy rating on shares of Home Depot (NYSE:HD) in a report released on Monday, Marketbeat reports. Guggenheim currently has a $425.00 price target on the home improvement retailer’s stock.

Other research analysts also recently issued research reports about the company. Telsey Advisory Group decreased their price objective on Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Piper Sandler cut their price objective on Home Depot from $422.00 to $421.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Argus reduced their target price on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Evercore decreased their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 20th. Finally, Stifel Nicolaus lowered 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 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $371.71.

Home Depot Stock Down 1.7%

HD stock opened at $332.96 on Monday. Home Depot has a fifty-two week low of $289.10 and a fifty-two week high of $426.75. The business’s 50-day moving average is $327.39 and its two-hundred day moving average is $345.13. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The company has a market cap of $332.01 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 3.91 and a beta of 0.95.

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

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 4th. Home Depot’s dividend payout ratio (DPR) is presently 66.19%.

Institutional Trading of Home Depot

Several hedge funds have recently bought and sold shares of the stock. Advocate Investing Services LLC purchased a new stake in shares of Home Depot in the fourth quarter worth approximately $25,000. Parvin Asset Management LLC boosted its position in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the period. Cache Advisors LLC purchased a new stake in Home Depot in the 1st quarter valued at about $27,000. Key Capital Management INC bought a new position in Home Depot in the 4th quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in Home Depot in the 1st quarter worth about $28,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

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.