Home Depot Inc (NYSE:HD) has been assigned a consensus rating of “Buy” from the thirty-two analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $185.89.
A number of brokerages have weighed in on HD. Deutsche Bank boosted their target price on shares of Home Depot from $176.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $220.00 target price (up from $190.00) on shares of Home Depot in a research note on Friday. Argus boosted their target price on shares of Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Robert W. Baird set a $175.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th.
Shares of Home Depot (NYSE HD) traded up $0.44 during mid-day trading on Friday, reaching $204.90. 3,620,575 shares of the company traded hands, compared to its average volume of 4,413,543. Home Depot has a 12-month low of $136.33 and a 12-month high of $206.35. The company has a market cap of $239,270.00, a P/E ratio of 28.42, a P/E/G ratio of 1.87 and a beta of 1.11. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. During the same period in the previous year, the firm posted $1.60 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. equities research analysts predict that Home Depot will post 7.39 earnings per share for the current year.
Home Depot declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
In related news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the transaction, the executive vice president now owns 29,559 shares in the company, valued at $5,410,183.77. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Home Depot by 0.9% in the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after purchasing an additional 703,292 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Home Depot by 0.9% in the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after purchasing an additional 170,139 shares in the last quarter. Northern Trust Corp lifted its position in shares of Home Depot by 1.3% in the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after purchasing an additional 222,958 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Home Depot by 1.1% in the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock worth $1,231,485,000 after purchasing an additional 84,750 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Home Depot by 1.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 6,184,365 shares of the home improvement retailer’s stock worth $1,172,123,000 after purchasing an additional 95,146 shares in the last quarter. Institutional investors own 70.14% of the company’s stock.
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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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