Home Depot Inc (NYSE:HD) – Equities research analysts at Oppenheimer issued their Q1 2019 earnings estimates for Home Depot in a research note issued to investors on Friday. Oppenheimer analyst B. Nagel expects that the home improvement retailer will post earnings of $2.12 per share for the quarter. Oppenheimer currently has a “Buy” rating on the stock. Oppenheimer also issued estimates for Home Depot’s Q2 2019 earnings at $2.90 EPS, Q3 2019 earnings at $2.36 EPS, Q4 2019 earnings at $2.24 EPS and FY2020 earnings at $10.20 EPS.
Other analysts also recently issued research reports about the stock. Argus raised their price target on shares of Home Depot from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 15th. BMO Capital Markets set a $176.00 price target on shares of Home Depot and gave the stock a “buy” rating in a report on Wednesday, November 15th. UBS Group restated a “buy” rating and set a $186.00 price target (up previously from $175.00) on shares of Home Depot in a report on Wednesday, November 15th. Robert W. Baird set a $185.00 price target on shares of Home Depot and gave the stock a “buy” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Finally, Bank of America raised their price target on shares of Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $190.32.
Shares of Home Depot (HD) opened at $186.97 on Monday. The stock has a market cap of $218,334.03, a P/E ratio of 25.97, a PEG ratio of 1.36 and a beta of 1.08. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot has a 1-year low of $141.00 and a 1-year high of $207.60.
Home Depot announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $183.03, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.
Several 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% during the 2nd 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 during the last quarter. Capital Research Global Investors lifted its position in shares of Home Depot by 0.9% during the 2nd 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 during the last quarter. Northern Trust Corp lifted its position in shares of Home Depot by 1.3% during the 2nd 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 during the last quarter. Geode Capital Management LLC lifted its position in shares of Home Depot by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 11,675,138 shares of the home improvement retailer’s stock worth $2,207,871,000 after purchasing an additional 259,863 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Home Depot by 65.4% during the 4th quarter. Jennison Associates LLC now owns 8,227,834 shares of the home improvement retailer’s stock worth $1,559,421,000 after purchasing an additional 3,254,382 shares during the last quarter. 70.36% of the stock is owned by institutional investors and hedge funds.
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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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