Wall Street analysts expect that Home Depot, Inc. (The) (NYSE:HD) will post sales of $23.61 billion for the current quarter, Zacks Investment Research reports. Ten analysts have made estimates for Home Depot’s earnings, with estimates ranging from $23.26 billion to $23.78 billion. Home Depot posted sales of $22.21 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The business is expected to announce its next earnings results on Tuesday, February 20th.
According to Zacks, analysts expect that Home Depot will report full year sales of $23.61 billion for the current financial year, with estimates ranging from $99.87 billion to $100.80 billion. For the next financial year, analysts forecast that the company will post sales of $106.21 billion per share, with estimates ranging from $104.12 billion to $107.38 billion. Zacks’ sales averages are an average based on a survey of research firms that follow Home Depot.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the 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 return on equity of 238.88% and a net margin of 8.66%. Home Depot’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $1.60 earnings per share.
Several research firms have recently weighed in on HD. Jefferies Group LLC restated a “buy” rating and issued a $182.00 target price on shares of Home Depot in a research report 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 report on Wednesday, August 16th. Telsey Advisory Group restated an “outperform” rating on shares of Home Depot in a research report on Friday, August 11th. Wedbush reiterated a “market perform” rating on shares of Home Depot in a research report on Wednesday, August 16th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $179.00 price objective on shares of Home Depot in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $175.66.
In other news, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction dated 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 directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in Home Depot by 2,013.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after buying an additional 3,162,631 shares during the last quarter. Boston Partners acquired a new stake in Home Depot during the 1st quarter valued at $326,895,000. Capital International Investors lifted its stake in shares of Home Depot by 132.5% during the 3rd quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock worth $534,520,000 after purchasing an additional 1,862,134 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of Home Depot by 15,121.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after purchasing an additional 1,852,784 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Home Depot by 43.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after purchasing an additional 1,734,963 shares during the period. 71.14% of the stock is owned by hedge funds and other institutional investors.
Shares of Home Depot (NYSE:HD) opened at $172.33 on Friday. The company has a market capitalization of $201,238.19, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. Home Depot has a 1-year low of $128.68 and a 1-year high of $173.10. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, November 29th. Home Depot’s payout ratio is currently 49.44%.
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Home Depot 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.
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