Home Depot, Inc. (The) (HD) Receives Average Recommendation of “Buy” from Brokerages

Home Depot, Inc. (The) (NYSE:HD) has been given an average recommendation of “Buy” by the twenty-eight brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $173.17.

A number of equities analysts have issued reports on HD shares. Zacks Investment Research downgraded Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and set a $182.00 price target on shares of Home Depot, Inc. (The) in a research note on Thursday, August 10th. Citigroup Inc. reiterated a “buy” rating and set a $179.00 price target on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Oppenheimer Holdings, Inc. set a $178.00 price target on Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Tuesday, August 15th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, September 12th.

Shares of Home Depot, Inc. (NYSE HD) traded up $0.84 during trading on Monday, reaching $164.11. The company had a trading volume of 3,554,200 shares, compared to its average volume of 4,358,007. Home Depot, Inc. has a twelve month low of $122.92 and a twelve month high of $167.94. The company has a market cap of $192,465.63, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.30 and a quick ratio of 0.48.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.04. The business had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.97 EPS. sell-side analysts predict that Home Depot, Inc. will post 7.32 earnings per share for the current fiscal year.

In other Home Depot, Inc. (The) news, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the transaction, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,717 shares of company stock valued at $8,916,321. 0.26% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in HD. iAB Financial Bank grew its holdings in shares of Home Depot, Inc. (The) by 4.7% during the first quarter. iAB Financial Bank now owns 4,262 shares of the home improvement retailer’s stock valued at $626,000 after buying an additional 192 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of Home Depot, Inc. (The) by 12.4% during the first quarter. Moloney Securities Asset Management LLC now owns 4,816 shares of the home improvement retailer’s stock valued at $707,000 after buying an additional 532 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Home Depot, Inc. (The) by 4.5% during the first quarter. Whittier Trust Co. now owns 76,458 shares of the home improvement retailer’s stock valued at $11,226,000 after buying an additional 3,260 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Home Depot, Inc. (The) by 1.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 33,597 shares of the home improvement retailer’s stock valued at $4,933,000 after buying an additional 324 shares during the last quarter. Finally, Shayne & CO. LLC purchased a new stake in shares of Home Depot, Inc. (The) during the first quarter valued at approximately $485,000. 71.55% of the stock is owned by institutional investors and hedge funds.

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Home Depot, Inc. (The) Company Profile

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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

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