Home Depot Stock Rating Reaffirmed by Barclays Capital (HD)
Home Depot (NYSE: HD)‘s stock had its “overweight” rating restated by equities researchers at Barclays Capital in a report issued on Wednesday. They currently have a $78.00 target price on the stock.
Shares of Home Depot (NYSE: HD) traded up 0.13% during mid-day trading on Wednesday, hitting $68.88. Home Depot has a 52 week low of $46.37 and a 52 week high of $71.45. The stock’s 50-day moving average is currently $68.04. The company has a market cap of $101.9 billion and a P/E ratio of 22.93.
Home Depot (NYSE: HD) last released its earnings data on Tuesday, February 26th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.03. The company had revenue of $18.20 billion for the quarter, compared to the consensus estimate of $17.66 billion. During the same quarter last year, the company posted $0.50 earnings per share. Home Depot’s revenue was up 13.9% compared to the same quarter last year. Home Depot has set its FY14 guidance at $3.37 EPS. On average, analysts predict that Home Depot will post $3.51 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of Home Depot in a research note to investors on Tuesday, March 12th. They now have a $71.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Home Depot in a research note to investors on Tuesday, March 12th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Home Depot in a research note to investors on Wednesday, March 6th. They now have a $74.00 price target on the stock.
Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Home Depot presently has a consensus rating of “Buy” and an average target price of $67.83.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 28th. Stockholders of record on Thursday, March 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Tuesday, March 12th. This is a boost from Home Depot’s previous quarterly dividend of $0.29.
The Home Depot, Inc. (NYSE: HD) is a home improvement retailer. The Company operates The Home Depot stores, which are full-service, warehouse-style stores.
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