Home Depot (NYSE:HD) PT Raised to $455.00 at Piper Sandler

Home Depot (NYSE:HD) had its price target hoisted by Piper Sandler from $387.00 to $455.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an overweight rating on the home improvement retailer’s stock.

A number of other brokerages also recently issued reports on HD. Telsey Advisory Group reiterated a market perform rating and issued a $360.00 price target on shares of Home Depot in a research note on Thursday, September 12th. Stifel Nicolaus decreased their price objective on shares of Home Depot from $380.00 to $375.00 and set a hold rating for the company in a research report on Wednesday, August 14th. JPMorgan Chase & Co. boosted their target price on shares of Home Depot from $377.00 to $400.00 and gave the stock an overweight rating in a research note on Monday, August 5th. Truist Financial decreased their price target on Home Depot from $396.00 to $395.00 and set a buy rating for the company in a report on Wednesday, August 14th. Finally, Royal Bank of Canada dropped their price objective on Home Depot from $377.00 to $363.00 and set a sector perform rating on the stock in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $396.23.

Home Depot Stock Up 0.5 %

Home Depot stock opened at $411.19 on Monday. The firm has a market capitalization of $407.74 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.71 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 twelve month low of $274.26 and a twelve month high of $411.46. The stock’s fifty day simple moving average is $371.14 and its 200-day simple moving average is $355.75.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.08. The company had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. Home Depot’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.65 EPS. As a group, equities analysts expect that Home Depot will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were given a dividend of $2.25 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a yield of 2.19%. Home Depot’s payout ratio is 60.36%.

Hedge Funds Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Home Depot in the 2nd quarter valued at approximately $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot in the 4th quarter valued at approximately $27,000. Kings Path Partners LLC purchased a new stake in shares of Home Depot in the second quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot during the first quarter worth $38,000. Finally, Livelsberger Financial Advisory purchased a new position in Home Depot in the fourth quarter worth $39,000. 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.