Home Depot, Inc. (The) (NYSE:HD) – Equities research analysts at Wedbush increased their FY2018 earnings estimates for Home Depot, Inc. (The) in a research report issued to clients and investors on Wednesday. Wedbush analyst S. Basham now expects that the home improvement retailer will earn $7.40 per share for the year, up from their prior forecast of $7.32. Wedbush has a “Market Perform” rating on the stock. Wedbush also issued estimates for Home Depot, Inc. (The)’s Q4 2018 earnings at $1.63 EPS, Q1 2019 earnings at $1.90 EPS, Q2 2019 earnings at $2.57 EPS, Q3 2019 earnings at $2.06 EPS, FY2019 earnings at $8.33 EPS and FY2020 earnings at $9.24 EPS.
Other equities research analysts have also issued reports about the stock. Jefferies Group LLC reissued a “buy” rating on shares of Home Depot, Inc. (The) in a report on Monday, July 24th. Oppenheimer Holdings, Inc. set a $178.00 target price on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research downgraded Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Credit Suisse Group set a $171.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Finally, BidaskClub upgraded Home Depot, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $175.66.
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Shares of Home Depot, Inc. (NYSE:HD) opened at $167.74 on Friday. The stock has a market cap of $197,734.94, a P/E ratio of 23.30, a P/E/G ratio of 1.70 and a beta of 1.08. Home Depot, Inc. has a fifty-two week low of $127.41 and a fifty-two week high of $168.43. The company has a quick ratio of 0.48, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.
Home Depot, Inc. (The) (NYSE:HD) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. Home Depot, Inc. (The) had a net margin of 8.66% and a return on equity of 238.88%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 EPS.
A number of hedge funds have recently added to or reduced their stakes in the business. Atlantic Trust LLC increased its stake in Home Depot, Inc. (The) by 6.9% in the third quarter. Atlantic Trust LLC now owns 21,740 shares of the home improvement retailer’s stock worth $3,556,000 after purchasing an additional 1,408 shares during the period. Garde Capital Inc. purchased a new stake in Home Depot, Inc. (The) in the third quarter worth $248,000. Gyroscope Capital Management Group LLC increased its stake in Home Depot, Inc. (The) by 2.8% in the third quarter. Gyroscope Capital Management Group LLC now owns 37,449 shares of the home improvement retailer’s stock worth $6,125,000 after purchasing an additional 1,015 shares during the period. Moors & Cabot Inc. increased its stake in Home Depot, Inc. (The) by 48.2% in the third quarter. Moors & Cabot Inc. now owns 22,756 shares of the home improvement retailer’s stock worth $3,723,000 after purchasing an additional 7,401 shares during the period. Finally, Cypress Capital Group increased its stake in Home Depot, Inc. (The) by 1.8% in the third quarter. Cypress Capital Group now owns 23,112 shares of the home improvement retailer’s stock worth $3,780,000 after purchasing an additional 409 shares during the period. Institutional investors and hedge funds own 71.36% of the company’s stock.
In other Home Depot, Inc. (The) news, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the sale, the executive vice president now owns 33,147 shares in the company, valued at $4,984,977.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the sale, the executive vice president now owns 62,483 shares in the company, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a dividend of $0.89 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 2.12%. Home Depot, Inc. (The)’s payout ratio is presently 49.44%.
About Home Depot, Inc. (The)
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.
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