The Home Depot Inc. (NYSE:HD) announced a quarterly dividend on Thursday, November 17th. Stockholders of record on Thursday, December 1st will be paid a dividend of 0.69 per share by the home improvement retailer on Thursday, December 15th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, November 29th.

Shares of The Home Depot (NYSE:HD) opened at 131.21 on Thursday. The stock has a market cap of $160.60 billion, a price-to-earnings ratio of 21.30 and a beta of 1.05. The stock’s 50 day moving average price is $125.81 and its 200-day moving average price is $130.52. The Home Depot has a 52 week low of $109.62 and a 52 week high of $139.00.

The Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.02. The Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The firm had revenue of $23.20 billion for the quarter, compared to analyst estimates of $23.05 billion. During the same quarter in the prior year, the company earned $1.36 EPS. The Home Depot’s revenue was up 6.1% on a year-over-year basis. Equities analysts anticipate that The Home Depot will post $6.34 earnings per share for the current fiscal year.

Dividend History for The Home Depot (NYSE:HD)

Several research firms recently issued reports on HD. Argus reissued a “buy” rating and set a $154.00 target price on shares of The Home Depot in a research note on Saturday, November 19th. Zacks Investment Research raised The Home Depot from a “sell” rating to a “hold” rating in a research report on Thursday, November 17th. RBC Capital Markets increased their price target on The Home Depot from $145.00 to $146.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Royal Bank Of Canada increased their price target on The Home Depot from $145.00 to $146.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $149.00 price target on shares of The Home Depot in a research report on Wednesday, November 16th. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The Home Depot currently has a consensus rating of “Buy” and a consensus price target of $145.58.

In related news, Director Jeffery H. Boyd purchased 10,000 shares of the business’s stock in a transaction dated Friday, November 18th. The stock was bought at an average cost of $128.27 per share, with a total value of $1,282,700.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at approximately $1,282,700. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Holifield sold 15,606 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $128.39, for a total value of $2,003,654.34. Following the completion of the transaction, the executive vice president now directly owns 39,499 shares of the company’s stock, valued at $5,071,276.61. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of The Home Depot by 2.3% in the second quarter. FMR LLC now owns 41,090,288 shares of the home improvement retailer’s stock worth $5,246,819,000 after buying an additional 931,070 shares in the last quarter. American Century Companies Inc. increased its stake in shares of The Home Depot by 7.3% in the second quarter. American Century Companies Inc. now owns 4,528,025 shares of the home improvement retailer’s stock worth $578,184,000 after buying an additional 306,954 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of The Home Depot by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 2,805,680 shares of the home improvement retailer’s stock worth $358,257,000 after buying an additional 16,754 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of The Home Depot by 0.8% in the third quarter. California State Teachers Retirement System now owns 2,663,262 shares of the home improvement retailer’s stock worth $342,709,000 after buying an additional 22,300 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of The Home Depot by 1.2% in the second quarter. Rhumbline Advisers now owns 1,956,731 shares of the home improvement retailer’s stock worth $249,855,000 after buying an additional 23,815 shares in the last quarter. 71.31% of the stock is owned by institutional investors.

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About The Home Depot

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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