The Home Depot, Inc. (NYSE:HD) – Equities researchers at KeyCorp lifted their Q2 2022 earnings per share estimates for shares of The Home Depot in a report issued on Tuesday, May 18th. KeyCorp analyst B. Thomas now expects that the home improvement retailer will earn $4.45 per share for the quarter, up from their prior estimate of $4.16. KeyCorp also issued estimates for The Home Depot’s Q3 2022 earnings at $3.04 EPS and Q4 2022 earnings at $2.73 EPS.
Several other analysts have also commented on HD. DA Davidson lifted their price target on shares of The Home Depot from $295.00 to $317.00 and gave the company a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of The Home Depot from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, April 26th. UBS Group lifted their price target on shares of The Home Depot from $305.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, April 20th. Loop Capital lifted their price target on shares of The Home Depot from $350.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Raymond James lifted their price target on shares of The Home Depot from $305.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The Home Depot currently has an average rating of “Buy” and an average price target of $322.70.
HD stock opened at $315.77 on Friday. The firm has a market cap of $339.52 billion, a PE ratio of 22.89, a PEG ratio of 2.02 and a beta of 1.04. The company has a debt-to-equity ratio of 19.85, a quick ratio of 0.51 and a current ratio of 1.11. The firm’s 50 day moving average price is $322.84 and its 200-day moving average price is $286.19. The Home Depot has a one year low of $234.31 and a one year high of $345.69.
The Home Depot (NYSE:HD) last released its earnings results on Monday, May 17th. The home improvement retailer reported $3.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.08 by $0.78. The Home Depot had a net margin of 10.45% and a return on equity of 963.88%. The business had revenue of $37.50 billion for the quarter, compared to analyst estimates of $33.68 billion. During the same period last year, the company posted $2.08 EPS. The business’s revenue was up 32.7% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 17th. Investors of record on Thursday, June 3rd will be given a $1.65 dividend. The ex-dividend date is Wednesday, June 2nd. This represents a $6.60 dividend on an annualized basis and a yield of 2.09%. The Home Depot’s dividend payout ratio (DPR) is presently 54.86%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its position in The Home Depot by 1.8% in the fourth quarter. FMR LLC now owns 21,267,809 shares of the home improvement retailer’s stock valued at $5,649,155,000 after acquiring an additional 372,183 shares during the last quarter. Geode Capital Management LLC lifted its position in The Home Depot by 2.1% in the first quarter. Geode Capital Management LLC now owns 16,836,576 shares of the home improvement retailer’s stock valued at $5,125,258,000 after acquiring an additional 349,484 shares during the last quarter. Bank of New York Mellon Corp lifted its position in The Home Depot by 11.7% in the first quarter. Bank of New York Mellon Corp now owns 12,190,230 shares of the home improvement retailer’s stock valued at $3,721,069,000 after acquiring an additional 1,272,539 shares during the last quarter. Norges Bank purchased a new stake in shares of The Home Depot in the fourth quarter valued at about $3,153,816,000. Finally, Morgan Stanley raised its holdings in shares of The Home Depot by 2.9% in the first quarter. Morgan Stanley now owns 11,343,414 shares of the home improvement retailer’s stock valued at $3,462,577,000 after buying an additional 314,841 shares during the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.
The Home Depot Company Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, 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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