Goldman Sachs Group assumed coverage on shares of Home Depot (NYSE:HD) in a research note published on Thursday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $235.00 price objective on the home improvement retailer’s stock.
A number of other research analysts have also recently commented on HD. Wells Fargo & Co reaffirmed a hold rating and set a $70.00 target price on shares of Church & Dwight in a research note on Thursday, May 2nd. Wedbush set a $190.00 target price on Home Depot and gave the company a hold rating in a research note on Wednesday, May 22nd. Stifel Nicolaus set a $154.00 target price on argenx and gave the company a buy rating in a research note on Wednesday, May 22nd. Morgan Stanley cut their target price on Wells Fargo & Co from $55.00 to $51.00 and set an equal weight rating on the stock in a research note on Monday, April 15th. Finally, Bank of America set a $7.00 target price on Deutsche Bank and gave the company a sell rating in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Home Depot has an average rating of Buy and an average price target of $206.94.
Shares of HD stock opened at $218.23 on Thursday. Home Depot has a 1 year low of $158.09 and a 1 year high of $218.25. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.26 and a current ratio of 1.04. The company’s 50 day moving average is $203.01. The stock has a market capitalization of $240.12 billion, a P/E ratio of 22.07, a PEG ratio of 2.02 and a beta of 1.12.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.10. The firm had revenue of $26.38 billion for the quarter, compared to analysts’ expectations of $26.34 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.08 earnings per share. Equities research analysts expect that Home Depot will post 10.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Thursday, June 6th were paid a $1.36 dividend. The ex-dividend date was Wednesday, June 5th. This represents a $5.44 annualized dividend and a yield of 2.49%. Home Depot’s dividend payout ratio (DPR) is currently 55.01%.
In related news, CFO Carol B. Tome sold 26,334 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $189.17, for a total value of $4,981,602.78. Following the transaction, the chief financial officer now owns 519,253 shares of the company’s stock, valued at $98,227,090.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy A. Hourigan sold 13,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $193.30, for a total value of $2,512,900.00. Following the completion of the transaction, the executive vice president now directly owns 64,575 shares in the company, valued at approximately $12,482,347.50. The disclosure for this sale can be found here. In the last three months, insiders sold 82,522 shares of company stock worth $16,156,831. 0.27% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in HD. Oregon Public Employees Retirement Fund boosted its position in Home Depot by 8,331.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock valued at $125,000 after acquiring an additional 21,212,570 shares in the last quarter. AMF Pensionsforsakring AB bought a new stake in Home Depot during the 2nd quarter valued at $197,884,000. Boston Partners bought a new stake in Home Depot during the 4th quarter valued at $147,976,000. Mn Services Vermogensbeheer B.V. boosted its position in Home Depot by 226.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 604,165 shares of the home improvement retailer’s stock valued at $90,808,000 after acquiring an additional 419,034 shares in the last quarter. Finally, Cambiar Investors LLC bought a new stake in Home Depot during the 4th quarter valued at $30,260,000. 69.34% of the stock is currently owned by institutional investors and hedge funds.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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