The Home Depot, Inc. (NYSE:HD) announced a quarterly dividend on Thursday, November 19th, RTT News reports. Investors of record on Thursday, December 3rd will be given a dividend of 1.50 per share by the home improvement retailer on Thursday, December 17th. This represents a $6.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, December 2nd.
The Home Depot has increased its dividend by 97.1% over the last three years and has raised its dividend annually for the last 1 consecutive years. The Home Depot has a payout ratio of 51.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect The Home Depot to earn $11.95 per share next year, which means the company should continue to be able to cover its $6.00 annual dividend with an expected future payout ratio of 50.2%.
NYSE HD opened at $275.99 on Monday. The stock has a market cap of $297.09 billion, a PE ratio of 25.30, a P/E/G ratio of 2.18 and a beta of 1.11. The Home Depot has a fifty-two week low of $140.63 and a fifty-two week high of $292.95. The business has a 50 day moving average price of $278.59 and a two-hundred day moving average price of $266.21.
The Home Depot (NYSE:HD) last released its quarterly earnings results on Monday, November 16th. The home improvement retailer reported $3.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.08 by $0.10. The Home Depot had a negative return on equity of 583.91% and a net margin of 9.91%. During the same period in the previous year, the firm posted $2.53 earnings per share. Equities analysts anticipate that The Home Depot will post 11.43 EPS for the current fiscal year.
In other The Home Depot news, EVP Ann Marie Campbell sold 120 shares of The Home Depot stock in a transaction on Friday, November 20th. The stock was sold at an average price of $269.03, for a total value of $32,283.60. Following the completion of the transaction, the executive vice president now owns 46,611 shares in the company, valued at approximately $12,539,757.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Edward P. Decker sold 25,595 shares of The Home Depot stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $269.40, for a total value of $6,895,293.00. Following the completion of the transaction, the chief operating officer now owns 97,352 shares of the company’s stock, valued at approximately $26,226,628.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,193 shares of company stock worth $20,881,210. 0.26% of the stock is owned by insiders.
Several equities analysts have recently commented on HD shares. BNP Paribas started coverage on The Home Depot in a research note on Monday, October 5th. They set an “outperform” rating and a $310.00 target price for the company. Loop Capital raised their price objective on The Home Depot from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Argus raised their price objective on The Home Depot from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Robert W. Baird raised their price objective on The Home Depot from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Finally, Wedbush cut The Home Depot from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 11th. Six analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $292.06.
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.
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