The Home Depot, Inc. (NYSE:HD) Announces $2.33 Quarterly Dividend

The Home Depot, Inc. (NYSE:HD) declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Thursday, June 4th will be given a dividend of 2.33 per share by the home improvement retailer on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Thursday, June 4th.

Home Depot has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. Home Depot has a payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Home Depot to earn $16.31 per share next year, which means the company should continue to be able to cover its $9.32 annual dividend with an expected future payout ratio of 57.1%.

Home Depot Price Performance

NYSE:HD opened at $313.73 on Friday. The company has a 50-day moving average of $327.69 and a 200-day moving average of $352.09. The company has a market capitalization of $312.48 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 3.59 and a beta of 1.00. Home Depot has a 52 week low of $289.10 and a 52 week high of $426.75. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.26 and a current ratio of 1.04.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The business had revenue of $41.77 billion during the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. As a group, equities research analysts anticipate that Home Depot will post 14.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday. Guggenheim restated a “buy” rating and set a $425.00 price objective on shares of Home Depot in a report on Wednesday. DA Davidson decreased their price objective on shares of Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a report on Tuesday. HSBC decreased their price objective on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $346.00 price objective on shares of Home Depot in a report on Wednesday. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $371.39.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.