Home Depot (NYSE:HD) Price Target Raised to $360.00

Home Depot (NYSE:HD) had its price target boosted by Loop Capital from $330.00 to $360.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a hold rating on the home improvement retailer’s stock.

Other equities analysts have also issued reports about the stock. Telsey Advisory Group reissued a market perform rating and set a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. Daiwa America upgraded shares of Home Depot to a hold rating in a research report on Thursday, August 15th. Jefferies Financial Group assumed coverage on Home Depot in a research report on Tuesday, July 16th. They set a buy rating and a $426.00 price target on the stock. StockNews.com cut Home Depot from a buy rating to a hold rating in a report on Saturday, May 25th. Finally, Stifel Nicolaus dropped their target price on Home Depot from $380.00 to $375.00 and set a hold rating on the stock in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $389.04.

Home Depot Trading Up 0.4 %

NYSE:HD opened at $383.46 on Tuesday. The company has a market capitalization of $380.24 billion, a P/E ratio of 25.72, a PEG ratio of 2.57 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. Home Depot has a 12 month low of $274.26 and a 12 month high of $396.87. The firm has a fifty day simple moving average of $362.82 and a 200-day simple moving average of $353.92.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.65 EPS. On average, equities research analysts anticipate that Home Depot will post 15.01 earnings per share for the current year.

Home Depot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were given a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a dividend yield of 2.35%. Home Depot’s dividend payout ratio (DPR) is presently 60.36%.

Institutional Trading of Home Depot

Large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in Home Depot by 1.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 213,799 shares of the home improvement retailer’s stock worth $74,092,000 after purchasing an additional 2,209 shares in the last quarter. Empirical Finance LLC boosted its stake in Home Depot by 3.3% during the first quarter. Empirical Finance LLC now owns 37,127 shares of the home improvement retailer’s stock worth $14,242,000 after buying an additional 1,195 shares during the last quarter. Commonwealth Retirement Investments LLC grew its holdings in Home Depot by 5.5% in the 1st quarter. Commonwealth Retirement Investments LLC now owns 18,628 shares of the home improvement retailer’s stock valued at $7,146,000 after buying an additional 965 shares in the last quarter. Leeward Financial Partners LLC increased its stake in shares of Home Depot by 7.3% in the 1st quarter. Leeward Financial Partners LLC now owns 10,431 shares of the home improvement retailer’s stock worth $4,001,000 after acquiring an additional 711 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. acquired a new position in shares of Home Depot during the 4th quarter valued at about $88,708,000. 70.86% of the stock is currently 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.