Home Depot, Inc. (The) (HD) – Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Home Depot, Inc. (The) (NYSE: HD) recently:

  • 9/18/2017 – Home Depot, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Home Depot’s spectacular past performance has helped it to surpass the industry in the past year. The company has been consistently gaining from its interconnected strategy, focus on Pro customers, and housing market recovery. These factors helped the company post a stellar second-quarter fiscal 2017 performance, which marked its highest ever quarterly sales and earnings. Notably, sales marked its 13th straight beat, while earnings retained its 5-year long trend of positive surprise. Results were driven by solid growth across all regions, both in stores and online. Also, Pro category sales continued to outperform, driven by constant efforts to enrich customers’ experiences. The sturdy first half and expectations of improved home prices encouraged the company to raise its fiscal 2017 view. However, gross margin remained plateaued, and is likely to fall 10 bps in fiscal 2017. Also, competition from online retailers may impact results.”
  • 9/18/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $179.00 price target on the stock.
  • 9/12/2017 – Home Depot, Inc. (The) had its “outperform” rating reaffirmed by analysts at BMO Capital Markets.
  • 9/11/2017 – Home Depot, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $179.00 price target on the stock. According to Zacks, “Home Depot’s spectacular past performance has helped it to surpass the industry in the past year. The company has been consistently gaining from its interconnected strategy, focus on Pro customers, and housing market recovery. These factors helped the company post a stellar second-quarter fiscal 2017 performance, which marked its highest ever quarterly sales and earnings. Notably, sales marked its 13th straight beat, while earnings retained its 5-year long trend of positive surprise. Results were driven by solid growth across all regions, both in stores and online. Also, Pro category sales continued to outperform, driven by constant efforts to enrich customers’ experiences. The sturdy first half and expectations of improved home prices encouraged the company to raise its fiscal 2017 view. However, gross margin remained plateaued, and is likely to fall 10 bps in fiscal 2017. Also, competition from online retailers may impact results.”
  • 9/10/2017 – Home Depot, Inc. (The) was given a new $175.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 9/8/2017 – Home Depot, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Home Depot’s spectacular past performance has helped it to surpass the industry in the past year. The company has been consistently gaining from its interconnected strategy, focus on Pro customers, and housing market recovery. These factors helped the company post a stellar second-quarter fiscal 2017 performance, which marked its highest ever quarterly sales and earnings. Notably, sales marked its 13th straight beat, while earnings retained its 5-year long trend of positive surprise. Results were driven by solid growth across all regions, both in stores and online. Also, Pro category sales continued to outperform, driven by constant efforts to enrich customers’ experiences. The sturdy first half and expectations of improved home prices encouraged the company to raise its fiscal 2017 view. However, gross margin remained plateaued, and is likely to fall 10 bps in fiscal 2017. Also, competition from online retailers may impact results.”
  • 9/5/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $170.00 price target on the stock.
  • 8/31/2017 – Home Depot, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $168.00 price target on the stock. According to Zacks, “Home Depot’s spectacular past performance has helped it to surpass the industry in the past year. The company has been consistently gaining from its interconnected strategy, focus on Pro customers, and housing market recovery. These factors helped the company post a stellar second-quarter fiscal 2017 performance, which marked its highest ever quarterly sales and earnings. Notably, sales marked its 13th straight beat, while earnings retained its 5-year long trend of positive surprise. Results were driven by solid growth across all regions, both in stores and online. Also, Pro category sales continued to outperform, driven by constant efforts to enrich customers’ experiences. The sturdy first half and expectations of improved home prices encouraged the company to raise its fiscal 2017 view. However, gross margin remained plateaued, and is likely to fall 10 bps in fiscal 2017. Also, competition from online retailers may impact results.”
  • 8/30/2017 – Home Depot, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Home Depot’s spectacular past performance has helped it to surpass the industry in the past year. The company has been consistently gaining from its interconnected strategy, focus on Pro customers, and housing market recovery. These factors helped the company post a stellar second-quarter fiscal 2017 performance, which marked its highest ever quarterly sales and earnings. Notably, sales marked its 13th straight beat, while earnings retained its 5-year long trend of positive surprise. Results were driven by solid growth across all regions, both in stores and online. Also, Pro category sales continued to outperform, driven by constant efforts to enrich customers’ experiences. The sturdy first half and expectations of improved home prices encouraged the company to raise its fiscal 2017 view. However, gross margin remained plateaued, and is likely to fall 10 bps in fiscal 2017. Also, competition from online retailers may impact results.”
  • 8/28/2017 – Home Depot, Inc. (The) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $166.59 price target on the stock.
  • 8/24/2017 – Home Depot, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $167.00 price target on the stock. According to Zacks, “Home Depot’s spectacular past performance has helped it to surpass the industry in the past year. The company has been consistently gaining from its interconnected strategy, focus on Pro customers, and housing market recovery. These factors helped the company post a stellar second-quarter fiscal 2017 performance, which marked its highest ever quarterly sales and earnings. Notably, sales marked its 13th straight beat, while earnings retained its 5-year long trend of positive surprise. Results were driven by solid growth across all regions, both in stores and online. Also, Pro category sales continued to outperform, driven by constant efforts to enrich customers’ experiences. The sturdy first half and expectations of improved home prices encouraged the company to raise its fiscal 2017 view. However, gross margin remained plateaued, and is likely to fall 10 bps in fiscal 2017. Also, competition from online retailers may impact results.”
  • 8/23/2017 – Home Depot, Inc. (The) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/23/2017 – Home Depot, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Home Depot’s spectacular past performance has helped it to surpass the industry in the past year. The company has been consistently gaining from its interconnected strategy, focus on Pro customers, and housing market recovery. These factors helped the company post a stellar second-quarter fiscal 2017 performance, which marked its highest ever quarterly sales and earnings. Notably, sales marked its 13th straight beat, while earnings retained its 5-year long trend of positive surprise. Results were driven by solid growth across all regions, both in stores and online. Also, Pro category sales continued to outperform, driven by constant efforts to enrich customers’ experiences. The sturdy first half and expectations of improved home prices encouraged the company to raise its fiscal 2017 view. However, gross margin remained plateaued, and is likely to fall 10 bps in fiscal 2017. Also, competition from online retailers may impact results.”
  • 8/21/2017 – Home Depot, Inc. (The) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $166.59 price target on the stock.
  • 8/18/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $175.00 price target on the stock.
  • 8/16/2017 – Home Depot, Inc. (The) was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating. They now have a $165.00 price target on the stock.
  • 8/16/2017 – Home Depot, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Home Depot’s spectacular past performance has helped it to surpass the industry in the past year. The company has been consistently gaining from its interconnected strategy, focus on Pro customers, and housing market recovery. These factors helped the company post a stellar second-quarter fiscal 2017 performance, which marked its highest ever quarterly sales and earnings. Notably, sales marked its 13th straight beat, while earnings retained its 5-year long trend of positive surprise. Results were driven by solid growth across all regions, both in stores and online. Also, Pro category sales continued to outperform, driven by constant efforts to enrich customers’ experiences. The sturdy first half and expectations of improved home prices encouraged the company to raise its fiscal 2017 view. However, gross margin remained plateaued, and is likely to fall 10 bps in fiscal 2017. Also, competition from online retailers may impact results.”
  • 8/16/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $179.00 price target on the stock.
  • 8/16/2017 – Home Depot, Inc. (The) had its “market perform” rating reaffirmed by analysts at Wedbush.
  • 8/16/2017 – Home Depot, Inc. (The) was given a new $165.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
  • 8/16/2017 – Home Depot, Inc. (The) was given a new $180.00 price target on by analysts at Bank of America Corporation. They now have a “buy” rating on the stock.
  • 8/16/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $178.00 price target on the stock.
  • 8/15/2017 – Home Depot, Inc. (The) was given a new $178.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.
  • 8/15/2017 – Home Depot, Inc. (The) was given a new $175.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 8/15/2017 – Home Depot, Inc. (The) was given a new $171.00 price target on by analysts at Credit Suisse Group. They now have a “buy” rating on the stock.
  • 8/15/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $175.00 price target on the stock.
  • 8/14/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Longbow Research. They now have a $175.00 price target on the stock.
  • 8/11/2017 – Home Depot, Inc. (The) had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group.
  • 8/11/2017 – Home Depot, Inc. (The) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/10/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $182.00 price target on the stock.
  • 8/9/2017 – Home Depot, Inc. (The) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $165.39 price target on the stock.
  • 8/7/2017 – Home Depot, Inc. (The) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $159.21 price target on the stock.
  • 7/27/2017 – Home Depot, Inc. (The) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2017 – Home Depot, Inc. (The) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $164.18 price target on the stock.
  • 7/24/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.

Shares of Home Depot, Inc. (NYSE:HD) traded up 0.9801% during midday trading on Wednesday, reaching $159.2053. 990,348 shares of the company were exchanged. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $161.38. The firm has a market capitalization of $187.67 billion, a P/E ratio of 22.9138 and a beta of 1.07. The firm has a 50-day moving average of $153.29 and a 200 day moving average of $152.06.

Home Depot, Inc. (The) (NYSE:HD) last posted its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. During the same quarter in the prior year, the company posted $1.97 earnings per share. Home Depot, Inc. (The)’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts expect that Home Depot, Inc. will post $7.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st were given a dividend of $0.89 per share. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 annualized dividend and a dividend yield of 2.26%. Home Depot, Inc. (The)’s dividend payout ratio is presently 51.15%.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the sale, the executive vice president now owns 64,810 shares of the company’s stock, valued at $9,877,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the sale, the executive vice president now directly owns 62,483 shares in the company, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Insiders have sold 57,717 shares of company stock worth $8,916,321 in the last three months. Corporate insiders own 0.26% of the company’s stock.

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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