Home Depot’s (HD) “Buy” Rating Reiterated at Guggenheim

by · The Markets Daily

Guggenheim reissued their buy rating on shares of Home Depot (NYSE:HD – Free Report) in a report issued on Monday morning, MarketBeat reports. The brokerage currently has a $425.00 price target on the home improvement retailer’s stock.

HD has been the topic of several other reports. Gordon Haskett upped their price objective on Home Depot from $320.00 to $330.00 in a research report on Friday, June 12th. The Goldman Sachs Group dropped their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Oppenheimer cut their target price on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating for the company in a research note on Monday, May 18th. Weiss Ratings upgraded shares of Home Depot from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Finally, Telsey Advisory Group reduced their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Get Our Latest Analysis on HD

Home Depot Trading Up 0.0%

Shares of HD opened at $331.73 on Monday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $328.39 and a 200-day simple moving average of $344.95. Home Depot has a 1-year low of $289.10 and a 1-year high of $426.75. The stock has a market cap of $330.77 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 3.83 and a beta of 0.95.

Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.02. The firm had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts forecast that Home Depot will post 15.01 EPS for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $2.33 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. Home Depot’s payout ratio is currently 66.19%.

Hedge Funds Weigh In On Home Depot

Several institutional investors have recently added to or reduced their stakes in the business. Advocate Investing Services LLC acquired a new stake in shares of Home Depot in the fourth quarter worth approximately $25,000. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the period. Cache Advisors LLC acquired a new position in Home Depot during the first quarter worth approximately $27,000. Key Capital Management INC acquired a new position in Home Depot during the fourth quarter worth approximately $28,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Home Depot during the first quarter worth approximately $28,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

About Home Depot

(Get Free Report)

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.

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