The Home Depot, Inc. (NYSE:HD) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of The Home Depot, Inc. (NYSE:HD - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty-seven ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $387.79.

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A number of analysts recently weighed in on the stock. Raymond James reissued a "market perform" rating on shares of Home Depot in a research note on Wednesday, May 15th. Jefferies Financial Group began coverage on Home Depot in a research note on Tuesday, July 16th. They issued a "buy" rating and a $426.00 price objective on the stock. UBS Group raised their target price on Home Depot from $400.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Telsey Advisory Group reiterated a "market perform" rating and issued a $360.00 price target on shares of Home Depot in a research report on Tuesday, August 13th. Finally, Stifel Nicolaus dropped their price objective on Home Depot from $380.00 to $375.00 and set a "hold" rating for the company in a research note on Wednesday, August 14th.

Check Out Our Latest Analysis on Home Depot

Hedge Funds Weigh In On Home Depot

• La-Z-Boy Stock Faces Headwinds, Remains a Hold

A number of large investors have recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in Home Depot in the second quarter valued at $25,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot during the fourth quarter worth about $27,000. Kings Path Partners LLC acquired a new position in Home Depot during the second quarter valued at approximately $33,000. Burkett Financial Services LLC bought a new position in Home Depot in the fourth quarter valued at approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Home Depot during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Stock Performance

NYSE HD opened at $370.84 on Wednesday. The company's fifty day moving average is $358.58 and its two-hundred day moving average is $353.92. Home Depot has a 52-week low of $274.26 and a 52-week high of $396.87. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The firm has a market capitalization of $368.35 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 2.49 and a beta of 1.00.

• Retail Earnings: Value, Caution, and Luxury in a Shifting Market

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the previous year, the company posted $4.65 earnings per share. The company's quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that Home Depot will post 15.01 EPS for the current year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th will be issued a $2.25 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 2.43%. Home Depot's dividend payout ratio (DPR) is 60.36%.

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.

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