Home Depot Inc (NYSE:HD) – Equities research analysts at Wedbush reduced their FY2019 earnings per share (EPS) estimates for Home Depot in a report issued on Wednesday. Wedbush analyst S. Basham now forecasts that the home improvement retailer will post earnings of $8.03 per share for the year, down from their prior forecast of $8.08. Wedbush currently has a “Neutral” rating and a $165.00 target price on the stock. Wedbush also issued estimates for Home Depot’s FY2020 earnings at $8.94 EPS.
A number of other equities analysts have also recently weighed in on the stock. Sanford C. Bernstein started coverage on shares of Home Depot in a research report on Monday, February 6th. They set a “market perform” rating and a $141.00 price target on the stock. Morgan Stanley raised shares of Home Depot from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $150.00 to $165.00 in a research report on Thursday, February 23rd. Vetr raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $153.35 price target on the stock in a research report on Monday, April 10th. Citigroup Inc lifted their price target on shares of Home Depot from $163.00 to $168.00 and gave the stock a “top pick” rating in a research report on Wednesday, February 22nd. Finally, Jefferies Group LLC reissued a “buy” rating and set a $162.00 price target on shares of Home Depot in a research report on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the stock. Home Depot currently has a consensus rating of “Buy” and a consensus price target of $162.77.
Home Depot (NYSE:HD) opened at 156.30 on Friday. Home Depot has a 12-month low of $119.20 and a 12-month high of $160.86. The firm has a 50 day moving average price of $152.18 and a 200 day moving average price of $140.92. The company has a market cap of $187.25 billion, a PE ratio of 23.39 and a beta of 1.09.
Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share.
Hedge funds have recently bought and sold shares of the stock. American Beacon Advisors Inc. purchased a new position in shares of Home Depot during the first quarter valued at approximately $100,000. Kistler Tiffany Companies LLC boosted its position in shares of Home Depot by 18.5% in the first quarter. Kistler Tiffany Companies LLC now owns 686 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 107 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in shares of Home Depot by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares during the last quarter. CT Financial Advisors LLC boosted its position in shares of Home Depot by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares during the last quarter. Finally, Advantage Investment Management LLC purchased a new position in shares of Home Depot during the fourth quarter valued at approximately $103,000. 71.53% of the stock is owned by hedge funds and other institutional investors.
In other Home Depot news, EVP William G. Lennie sold 31,239 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $155.47, for a total value of $4,856,727.33. Following the completion of the sale, the executive vice president now owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig A. Menear sold 90,661 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the completion of the sale, the chief executive officer now directly owns 240,090 shares of the company’s stock, valued at approximately $37,643,711.10. The disclosure for this sale can be found here. Insiders sold a total of 128,900 shares of company stock valued at $20,167,386 in the last three months. Insiders own 0.26% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, May 30th. Home Depot’s dividend payout ratio is currently 44.66%.
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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