Home Depot (NYSE:HD) Given New $413.00 Price Target at Royal Bank of Canada

Home Depot (NYSE:HD) had its price objective hoisted by Royal Bank of Canada from $363.00 to $413.00 in a research note released on Monday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the home improvement retailer’s stock.

Other research analysts have also issued reports about the company. Stifel Nicolaus raised their price target on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Sanford C. Bernstein began coverage on shares of Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 price objective for the company. Finally, DA Davidson upped their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $422.81.

Home Depot Trading Up 0.6 %

NYSE:HD traded up $2.29 on Monday, hitting $410.58. 986,919 shares of the stock were exchanged, compared to its average volume of 3,361,975. The stock has a market capitalization of $407.83 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 2.81 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. Home Depot has a 52 week low of $287.24 and a 52 week high of $421.56. The company’s 50-day moving average price is $395.99 and its 200 day moving average price is $364.77.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating 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 business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same period in the prior year, the business posted $4.65 earnings per share. Home Depot’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that Home Depot will post 15.01 earnings per share for the current year.

Home Depot Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is 60.57%.

Institutional Trading of Home Depot

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its stake in Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after acquiring an additional 8,762,735 shares during the last quarter. Wulff Hansen & CO. raised its holdings in shares of Home Depot by 33,540.9% in the 2nd quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after purchasing an additional 1,474,459 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after purchasing an additional 971,833 shares during the last quarter. Swedbank AB acquired a new stake in Home Depot in the 1st quarter valued at about $301,364,000. Finally, Sarasin & Partners LLP grew its holdings in Home Depot by 95.2% during the second quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer’s stock worth $392,411,000 after purchasing an additional 556,053 shares during the period. 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.