Home Depot Inc (HD) Receives Hold Rating from SunTrust Banks, Inc.
Home Depot Inc (NYSE:HD)‘s stock had its “hold” rating restated by research analysts at SunTrust Banks, Inc. in a research report issued on Friday. They currently have a $157.00 target price on the home improvement retailer’s stock, up from their prior target price of $142.00. SunTrust Banks, Inc.’s price target points to a potential upside of 0.83% from the company’s current price.
HD has been the topic of a number of other reports. Sanford C. Bernstein initiated coverage on Home Depot in a report on Monday, February 6th. They issued a “market perform” rating and a $141.00 target price on the stock. Wedbush reaffirmed a “neutral” rating and issued a $145.00 target price on shares of Home Depot in a research report on Wednesday, February 22nd. Morgan Stanley raised Home Depot from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $165.00 in a research report on Thursday, February 23rd. Vetr raised Home Depot from a “hold” rating to a “buy” rating and set a $153.35 target price for the company in a research report on Monday, April 10th. Finally, Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, January 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $162.77.
Shares of Home Depot (NYSE:HD) traded up 0.395% during mid-day trading on Friday, hitting $156.315. The company had a trading volume of 1,996,803 shares. The firm has a 50-day moving average of $151.91 and a 200-day moving average of $140.67. Home Depot has a 12 month low of $119.20 and a 12 month high of $160.86. The company has a market cap of $187.27 billion, a PE ratio of 23.390 and a beta of 1.09.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. The business 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 company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.44 EPS. On average, analysts expect that Home Depot will post $7.24 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.29%. Home Depot’s payout ratio is currently 44.66%.
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Several hedge funds and other institutional investors have recently made changes to their positions in HD. Vanguard Group Inc. increased its position in Home Depot by 3.3% in the first quarter. Vanguard Group Inc. now owns 79,714,018 shares of the home improvement retailer’s stock valued at $11,704,408,000 after buying an additional 2,551,507 shares in the last quarter. BlackRock Inc. increased its position in Home Depot by 2,323.7% in the first quarter. BlackRock Inc. now owns 76,944,987 shares of the home improvement retailer’s stock valued at $11,297,834,000 after buying an additional 73,770,247 shares in the last quarter. State Street Corp increased its position in Home Depot by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after buying an additional 396,271 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Home Depot by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 33,849,590 shares of the home improvement retailer’s stock valued at $4,355,765,000 after buying an additional 338,536 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in Home Depot by 2.7% in the third quarter. BlackRock Fund Advisors now owns 17,214,514 shares of the home improvement retailer’s stock valued at $2,215,164,000 after buying an additional 453,490 shares in the last quarter. 71.53% of the stock is currently owned by institutional investors and hedge funds.
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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