Home Depot (NYSE:HD) Upgraded at Telsey Advisory Group

Telsey Advisory Group upgraded shares of Home Depot (NYSE:HD) from a market perform rating to an outperform rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports. The brokerage currently has $455.00 price objective on the home improvement retailer’s stock, up from their prior price objective of $360.00.

A number of other analysts also recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Home Depot from $400.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Gordon Haskett upgraded shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Wednesday, October 2nd. TD Cowen increased their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. Barclays increased their price objective on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Guggenheim increased their price target on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $422.81.

Home Depot Stock Up 0.6 %

HD opened at $408.29 on Friday. Home Depot has a twelve month low of $287.24 and a twelve month high of $421.56. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a 50-day moving average price of $395.19 and a 200 day moving average price of $364.23. The company has a market cap of $405.55 billion, a PE ratio of 27.64, a price-to-earnings-growth ratio of 2.81 and a beta of 1.01.

Home Depot (NYSE:HD) last released 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. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The firm had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. During the same quarter in the prior year, the firm earned $4.65 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts expect that Home Depot will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders 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 yield of 2.20%. Home Depot’s dividend payout ratio is presently 60.57%.

Hedge Funds Weigh In On Home Depot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at $33,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot in the 3rd quarter valued at $46,000. Denver PWM LLC acquired a new stake in shares of Home Depot in the 2nd quarter valued at $40,000. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of Home Depot by 68.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock valued at $48,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors 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.