Home Depot, Inc. (The) (NYSE:HD) – Equities research analysts at Wedbush lifted their FY2018 earnings estimates for Home Depot in a research note issued on Wednesday, Zacks Investment Research reports. Wedbush analyst S. Basham now expects that the home improvement retailer will earn $7.40 per share for the year, up from their previous estimate of $7.32. Wedbush currently has a “Market Perform” rating on the stock. Wedbush also issued estimates for Home Depot’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.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 EPS.
Several other equities research analysts also recently commented on HD. Telsey Advisory Group boosted their target price on shares of Home Depot from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday. Robert W. Baird restated an “outperform” rating and issued a $195.00 target price on shares of Home Depot in a research note on Thursday. Jefferies Group restated a “buy” rating and issued a $182.00 target price on shares of Home Depot in a research note on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and issued a $178.00 target price on shares of Home Depot in a research note on Wednesday, August 16th. Finally, Moffett Nathanson began coverage on shares of Home Depot in a research note on Monday. They issued a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $177.22.
Shares of Home Depot (HD) traded up $4.48 during trading hours on Friday, hitting $184.90. 6,192,508 shares of the stock traded hands, compared to its average volume of 4,440,484. Home Depot has a 52 week low of $128.68 and a 52 week high of $186.31. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. The firm has a market cap of $215,920.00, a P/E ratio of 25.06, a PEG ratio of 1.83 and a beta of 1.11.
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 given a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 1.93%. Home Depot’s dividend payout ratio (DPR) is 49.38%.
In related news, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 62,483 shares in the company, valued at approximately $9,816,079.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. American Beacon Advisors Inc. bought a new stake in shares of Home Depot in the 1st quarter valued at about $100,000. Jacobi Capital Management LLC increased its stake in shares of Home Depot by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its stake in shares of Home Depot by 114.1% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after acquiring an additional 397 shares during the last quarter. Burt Wealth Advisors increased its stake in shares of Home Depot by 83.5% in the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of Home Depot by 63.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after acquiring an additional 340 shares during the last quarter. Institutional investors own 70.37% of the company’s stock.
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About 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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