Home Depot (NYSE:HD) Given New $400.00 Price Target at Stifel Nicolaus

Home Depot (NYSE:HD) had its price objective hoisted by Stifel Nicolaus from $375.00 to $400.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a hold rating on the home improvement retailer’s stock.

Other equities research analysts have also issued research reports about the company. Piper Sandler increased their price target on Home Depot from $387.00 to $455.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Sanford C. Bernstein initiated coverage on shares of Home Depot in a research note on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target for the company. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. Royal Bank of Canada reduced their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, Barclays boosted their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Stock Down 1.1 %

NYSE:HD opened at $405.60 on Monday. Home Depot has a 52 week low of $302.34 and a 52 week high of $421.56. The stock’s fifty day moving average is $397.67 and its two-hundred day moving average is $365.56. The stock has a market capitalization of $402.88 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a quick ratio of 0.33, a current ratio of 1.13 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. The company had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.81 earnings per share. Research analysts anticipate that Home Depot will post 15.06 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a yield of 2.22%. Home Depot’s payout ratio is currently 61.14%.

Institutional Investors Weigh In On Home Depot

A number of hedge funds have recently added to or reduced their stakes in HD. Fairway Wealth LLC purchased a new stake in Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot during the 2nd quarter worth approximately $33,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 3rd quarter worth approximately $46,000. Denver PWM LLC purchased a new position in Home Depot in the 2nd quarter valued at approximately $40,000. Finally, Abich Financial Wealth Management LLC raised its holdings in Home Depot by 68.0% during the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

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.