Home Depot (NYSE:HD) issued an update on its FY21 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ~$10.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.55. The company issued revenue guidance of +3.5-4.0% yr/yr to $114.1-114.6 billion, compared to the consensus revenue estimate of $114.91 billion.Home Depot also updated its FY 2020
Pre-Market guidance to 10.45-10.45 EPS.
Several equities research analysts have recently issued reports on the stock. Cfra increased their price objective on shares of Home Depot from $230.00 to $255.00 and gave the stock a hold rating in a research report on Tuesday. Stifel Nicolaus boosted their price objective on shares of Home Depot from $245.00 to $270.00 and gave the company a buy rating in a research report on Wednesday. Raymond James upped their target price on shares of Home Depot from $250.00 to $270.00 and gave the stock an outperform rating in a research note on Wednesday. Morgan Stanley increased their target price on Home Depot from $245.00 to $260.00 and gave the stock an overweight rating in a report on Friday, February 21st. Finally, Longbow Research reissued a buy rating and issued a $255.00 price target on shares of Home Depot in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $246.44.
Shares of Home Depot stock traded down $2.10 on Wednesday, reaching $235.28. 6,962,613 shares of the company were exchanged, compared to its average volume of 3,386,937. Home Depot has a one year low of $179.52 and a one year high of $247.36. The company has a market capitalization of $261.47 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.04 and a beta of 1.01. The company has a 50-day moving average of $234.53 and a 200 day moving average of $227.15.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Wednesday, March 11th. This is an increase from Home Depot’s previous quarterly dividend of $1.36. Home Depot’s dividend payout ratio (DPR) is 55.01%.
In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $213.70, for a total transaction of $2,772,543.80. Following the completion of the sale, the executive vice president now owns 26,335 shares of the company’s stock, valued at approximately $5,627,789.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig A. Menear sold 113,468 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $211.24, for a total value of $23,968,980.32. Following the sale, the chief executive officer now directly owns 277,604 shares of the company’s stock, valued at approximately $58,641,068.96. The disclosure for this sale can be found here. Insiders have sold a total of 126,552 shares of company stock worth $26,765,281 over the last 90 days. 0.27% of the stock is owned by company insiders.
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, 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.
Further Reading: Dividend
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