Home Depot Inc (NYSE:HD) – Equities research analysts at Wedbush boosted their Q3 2018 EPS estimates for Home Depot in a research report issued to clients and investors on Wednesday. Wedbush analyst S. Basham now forecasts that the home improvement retailer will post earnings of $1.79 per share for the quarter, up from their prior estimate of $1.78. Wedbush currently has a “Neutral” rating and a $165.00 target price on the stock. Wedbush also issued estimates for Home Depot’s Q4 2018 earnings at $1.55 EPS, FY2018 earnings at $7.22 EPS, Q1 2019 earnings at $1.83 EPS, Q2 2019 earnings at $2.46 EPS, Q3 2019 earnings at $2.01 EPS and Q4 2019 earnings at $1.74 EPS.
Several other equities analysts have also weighed in on HD. Sanford C. Bernstein started coverage on Home Depot in a research note on Monday, February 6th. They issued a “market perform” rating and a $141.00 price target for the company. Vetr upgraded Home Depot from a “sell” rating to a “buy” rating and set a $146.79 price objective on the stock in a report on Monday, February 13th. BTIG Research reiterated a “buy” rating and issued a $155.00 price objective on shares of Home Depot in a report on Thursday, February 16th. Robert W. Baird reiterated an “outperform” rating and issued a $150.00 price objective on shares of Home Depot in a report on Thursday, February 16th. Finally, Credit Suisse Group AG set a $148.00 price objective on Home Depot and gave the stock a “buy” rating in a report on Saturday, February 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $162.77.
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Home Depot (NYSE:HD) opened at 156.30 on Thursday. The company has a market cap of $187.25 billion, a price-to-earnings ratio of 23.39 and a beta of 1.09. Home Depot has a 1-year low of $119.20 and a 1-year high of $160.86. The stock has a 50 day moving average price of $152.18 and a 200-day moving average price of $140.92.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.06. The firm had revenue of $23.89 billion during the quarter, compared to analyst estimates of $23.74 billion. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.89 per share. The ex-dividend date is Tuesday, May 30th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.28%. Home Depot’s dividend payout ratio (DPR) is 44.66%.
In related news, EVP William G. Lennie sold 31,239 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the sale, the executive vice president now owns 46,294 shares in the company, valued at $7,197,328.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Craig A. Menear sold 90,661 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the sale, the chief executive officer now owns 240,090 shares in the company, valued at approximately $37,643,711.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,900 shares of company stock valued at $20,167,386. Corporate insiders own 0.26% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. American Beacon Advisors Inc. bought a new position in shares of Home Depot during the first quarter worth $100,000. Kistler Tiffany Companies LLC raised 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 worth $101,000 after buying an additional 107 shares during the period. Advantage Investment Management LLC bought a new position in shares of Home Depot during the fourth quarter worth $103,000. Riggs Asset Managment Co. Inc. raised 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 worth $109,000 after buying an additional 397 shares during the period. Finally, CT Financial Advisors LLC raised 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 worth $111,000 after buying an additional 3 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.
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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