Home Depot Inc (NYSE:HD) Given Average Rating of “Buy” by Analysts

Shares of Home Depot Inc (NYSE:HD) have received a consensus rating of “Buy” from the thirty-two ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $238.20.

Several brokerages have recently commented on HD. Gordon Haskett downgraded shares of Home Depot from a “buy” rating to an “accumulate” rating and set a $230.00 target price for the company. in a report on Thursday, December 12th. Evercore ISI restated a “buy” rating on shares of Home Depot in a research report on Thursday, November 21st. Jefferies Financial Group increased their price target on shares of Home Depot from $246.00 to $268.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wedbush reduced their price target on shares of Home Depot from $230.00 to $225.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reduced their price target on shares of Home Depot from $246.00 to $232.00 and set an “outperform” rating for the company in a research report on Thursday, December 12th.

Shares of Home Depot stock traded up $3.31 during trading on Thursday, reaching $227.90. 1,923,147 shares of the company traded hands, compared to its average volume of 4,130,568. Home Depot has a 1-year low of $172.00 and a 1-year high of $239.31. The company has a 50 day moving average price of $218.89 and a 200-day moving average price of $222.23. The firm has a market capitalization of $243.05 billion, a PE ratio of 23.04, a P/E/G ratio of 1.97 and a beta of 1.00.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $2.53. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The company had revenue of $27.22 billion for the quarter, compared to the consensus estimate of $27.51 billion. During the same quarter in the previous year, the company earned $2.51 EPS. Home Depot’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Home Depot will post 10.08 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $5.44 dividend on an annualized basis and a yield of 2.39%. Home Depot’s dividend payout ratio is presently 55.01%.

In other news, EVP Teresa Wynn Roseborough sold 12,974 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $213.70, for a total value of $2,772,543.80. Following the completion of the transaction, the executive vice president now directly owns 26,335 shares in the company, valued at $5,627,789.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Craig A. Menear sold 113,468 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the completion of the transaction, the chief executive officer now owns 277,604 shares of the company’s stock, valued at $58,641,068.96. The disclosure for this sale can be found here. Insiders have sold 126,552 shares of company stock valued at $26,765,281 in the last quarter. Company insiders own 0.27% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Hilltop Holdings Inc. raised its stake in Home Depot by 36.7% in the second quarter. Hilltop Holdings Inc. now owns 8,203 shares of the home improvement retailer’s stock valued at $1,706,000 after purchasing an additional 2,204 shares in the last quarter. Institutional & Family Asset Management LLC raised its stake in Home Depot by 22.5% in the second quarter. Institutional & Family Asset Management LLC now owns 1,063 shares of the home improvement retailer’s stock valued at $221,000 after purchasing an additional 195 shares in the last quarter. Grassi Investment Management raised its stake in Home Depot by 0.3% in the fourth quarter. Grassi Investment Management now owns 38,492 shares of the home improvement retailer’s stock valued at $8,406,000 after purchasing an additional 134 shares in the last quarter. Brick & Kyle Associates raised its stake in Home Depot by 2.2% in the third quarter. Brick & Kyle Associates now owns 14,119 shares of the home improvement retailer’s stock valued at $3,343,000 after purchasing an additional 308 shares in the last quarter. Finally, Morgan Stanley raised its stake in Home Depot by 0.5% in the second quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock valued at $1,731,916,000 after purchasing an additional 44,258 shares in the last quarter. Institutional investors own 69.87% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Analyst Recommendations for Home Depot (NYSE:HD)

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