Home Depot (NYSE:HD) PT Lowered to $375.00 at Stifel Nicolaus

Home Depot (NYSE:HD) had its price target trimmed by Stifel Nicolaus from $380.00 to $375.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the home improvement retailer’s stock.

A number of other equities research analysts have also recently weighed in on HD. Raymond James restated a market perform rating on shares of Home Depot in a research note on Wednesday, May 15th. TD Cowen decreased their price objective on Home Depot from $440.00 to $420.00 and set a buy rating on the stock in a report on Wednesday, May 15th. Jefferies Financial Group initiated coverage on Home Depot in a report on Tuesday, July 16th. They set a buy rating and a $426.00 target price on the stock. DA Davidson raised Home Depot from a neutral rating to a buy rating and increased their target price for the stock from $352.00 to $395.00 in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. increased their target price on Home Depot from $377.00 to $400.00 and gave the stock an overweight rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $386.33.

Home Depot Trading Up 0.6 %

Shares of Home Depot stock opened at $362.06 on Wednesday. Home Depot has a 12-month low of $274.26 and a 12-month high of $396.87. The stock has a market cap of $359.02 billion, a P/E ratio of 24.28, a P/E/G ratio of 2.48 and a beta of 0.98. The company has a quick ratio of 0.42, a current ratio of 1.34 and a debt-to-equity ratio of 23.11. The business’s 50 day moving average is $350.74 and its 200-day moving average is $353.23.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same quarter in the prior year, the business posted $4.65 EPS. The business’s revenue was up .6% compared to the same quarter last year. Equities research analysts predict that Home Depot will post 15.28 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th will be given a $2.25 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.49%. Home Depot’s dividend payout ratio is presently 60.36%.

Hedge Funds Weigh In On Home Depot

Large investors have recently bought and sold shares of the company. Ruedi Wealth Management Inc. raised its position in shares of Home Depot by 1.2% during the second quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after acquiring an additional 27 shares during the last quarter. Cape Investment Advisory Inc. increased its holdings in Home Depot by 1.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after purchasing an additional 28 shares in the last quarter. Acorn Creek Capital LLC increased its holdings in Home Depot by 3.4% in the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after purchasing an additional 28 shares in the last quarter. STAR Financial Bank increased its holdings in Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after purchasing an additional 29 shares in the last quarter. Finally, Talisman Wealth Advisors LLC increased its holdings in Home Depot by 1.2% in the first quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock worth $915,000 after purchasing an additional 29 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

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.