The Home Depot, Inc. (NYSE:HD) – Investment analysts at Truist Securiti decreased their Q1 2022 EPS estimates for The Home Depot in a research note issued to investors on Wednesday, February 24th. Truist Securiti analyst K. Hughes now anticipates that the home improvement retailer will earn $2.29 per share for the quarter, down from their prior estimate of $2.39. Truist Securiti also issued estimates for The Home Depot‘s Q3 2022 earnings at $3.18 EPS, Q4 2022 earnings at $2.78 EPS, FY2022 earnings at $12.09 EPS and Q1 2023 earnings at $2.69 EPS. The Home Depot (NYSE:HD) last issued its earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.02. The firm had revenue of $32.26 billion for the quarter, compared to analysts’ expectations of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The business’s revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the business earned $2.28 earnings per share.
Several other brokerages have also recently issued reports on HD. Morgan Stanley boosted their price target on The Home Depot from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, December 4th. Telsey Advisory Group raised The Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $300.00 to $315.00 in a research note on Monday, November 16th. DA Davidson lowered their price objective on The Home Depot from $315.00 to $295.00 and set a “neutral” rating for the company in a research note on Wednesday, November 18th. Piper Sandler increased their price target on The Home Depot from $288.00 to $296.00 and gave the stock a “neutral” rating in a report on Wednesday, November 18th. They noted that the move was a valuation call. Finally, Zelman & Associates raised The Home Depot from a “hold” rating to a “buy” rating in a research note on Friday, February 12th. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The Home Depot currently has an average rating of “Buy” and a consensus target price of $294.32.
NYSE HD opened at $258.34 on Monday. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 21.39. The stock has a market cap of $278.13 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.13 and a beta of 1.03. The Home Depot has a 12 month low of $140.63 and a 12 month high of $292.95. The stock’s fifty day moving average price is $275.45 and its 200-day moving average price is $275.61.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th will be given a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, March 10th. This is an increase from The Home Depot‘s previous quarterly dividend of $1.50. The Home Depot‘s payout ratio is 58.54%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Amarillo National Bank boosted its stake in The Home Depot by 2.7% in the fourth quarter. Amarillo National Bank now owns 1,372 shares of the home improvement retailer’s stock valued at $364,000 after buying an additional 36 shares in the last quarter. ICW Investment Advisors LLC increased its position in The Home Depot by 0.4% during the 3rd quarter. ICW Investment Advisors LLC now owns 9,475 shares of the home improvement retailer’s stock worth $2,631,000 after purchasing an additional 37 shares in the last quarter. TRUE Private Wealth Advisors lifted its stake in The Home Depot by 0.7% in the 4th quarter. TRUE Private Wealth Advisors now owns 5,035 shares of the home improvement retailer’s stock valued at $1,337,000 after purchasing an additional 37 shares during the last quarter. Accredited Investors Inc. raised its position in The Home Depot by 0.8% in the fourth quarter. Accredited Investors Inc. now owns 4,889 shares of the home improvement retailer’s stock valued at $1,299,000 after purchasing an additional 37 shares during the last quarter. Finally, Bigelow Investment Advisors LLC increased its stake in shares of The Home Depot by 1.0% in the fourth quarter. Bigelow Investment Advisors LLC now owns 3,914 shares of the home improvement retailer’s stock valued at $1,040,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 68.71% of the company’s stock.
About The Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
Recommended Story: Cost of Equity
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]