Home Depot on track to end higher for its seventh straight session

Home Depot (NYSE:HD) shares were on track to end higher for their seventh consecutive trading session on Friday, gaining about 4% between Feb.14–Feb. 23.

The retailer edged higher to $371.90 by 1330 ET on Friday, currently hovering near its January 2022 highs. Since the start of the year, HD shares have gained about 7%, while on a 12-month reading, the stock has risen about 24%.

Home Depot recently declared a quarterly dividend of $2.25/share, a 7.7% increase from the prior dividend of $2.09.

Looking at Seeking Alpha's Quant ratings, HD has a Hold rating with a score of 3.32 out of 5. The company received an A+ for its profitability and a C- for growth prospects. The stock, however, got a D for valuation, a grade unchanged in the past six months.

Turning to the Wall Street community, about 21 sell-side analysts surveyed in the last 90 days rated MSFT as a Buy or higher. Meanwhile, another 11 analysts rated the company as a Hold. Three were a Sell or lower on the stock.

Seeking Alpha analysts generally saw the company as a Buy. SA Analyst PropNotes endorsed the stock as a Strong Buy, commenting, "Home Depot has maintained stable revenues and grown cash flows despite market fluctuations and atypical inflation".

"We anticipate $400 per share or more in coming quarters based on an improving technical picture and an attractive multiple," the analyst added.