Home Depot Inc (NYSE:HD) – Equities researchers at Wedbush dropped their FY2019 earnings per share estimates for Home Depot in a research note issued on Wednesday. Wedbush analyst S. Basham now forecasts that the home improvement retailer will post earnings per share of $8.03 for the year, down from their previous estimate of $8.08. Wedbush currently has a “Neutral” rating and a $165.00 price target on the stock. Wedbush also issued estimates for Home Depot’s FY2020 earnings at $8.94 EPS.

A number of other research analysts have also issued reports on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $157.00 price objective (up previously from $142.00) on shares of Home Depot in a report on Friday. Barclays PLC reiterated an “overweight” rating and issued a $165.00 price objective (up previously from $150.00) on shares of Home Depot in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating and issued a $173.00 price objective (up previously from $165.00) on shares of Home Depot in a report on Wednesday. Citigroup Inc reiterated a “buy” rating and issued a $179.00 price objective (up previously from $168.00) on shares of Home Depot in a report on Wednesday. Finally, Argus reiterated a “buy” rating and issued a $180.00 price objective (up previously from $160.00) on shares of Home Depot in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company. Home Depot has an average rating of “Buy” and an average target price of $162.77.

Earnings History and Estimates for Home Depot (NYSE:HD)

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Home Depot (NYSE:HD) traded up 0.427% during midday trading on Friday, hitting $156.365. 2,475,768 shares of the company were exchanged. The stock has a market capitalization of $187.33 billion, a PE ratio of 23.397 and a beta of 1.09. Home Depot has a one year low of $119.20 and a one year high of $160.86. The firm’s 50-day moving average price is $151.91 and its 200-day moving average price is $140.67.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The company had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis.

Several large investors have recently made changes to their positions in the stock. Cape Cod Five Cents Savings Bank boosted its stake in shares of Home Depot by 1.1% in the third quarter. Cape Cod Five Cents Savings Bank now owns 68,779 shares of the home improvement retailer’s stock valued at $8,851,000 after buying an additional 766 shares in the last quarter. Ledyard National Bank boosted its stake in shares of Home Depot by 37.2% in the third quarter. Ledyard National Bank now owns 46,259 shares of the home improvement retailer’s stock valued at $5,953,000 after buying an additional 12,535 shares in the last quarter. Highstreet Asset Management Inc. boosted its stake in shares of Home Depot by 58.5% in the third quarter. Highstreet Asset Management Inc. now owns 17,392 shares of the home improvement retailer’s stock valued at $2,238,000 after buying an additional 6,422 shares in the last quarter. First Merchants Corp boosted its stake in shares of Home Depot by 1.2% in the third quarter. First Merchants Corp now owns 2,086 shares of the home improvement retailer’s stock valued at $268,000 after buying an additional 25 shares in the last quarter. Finally, Berkshire Asset Management LLC PA boosted its stake in shares of Home Depot by 0.6% in the third quarter. Berkshire Asset Management LLC PA now owns 16,112 shares of the home improvement retailer’s stock valued at $2,073,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.29%. Home Depot’s dividend payout ratio is presently 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.

5 Day Chart for NYSE:HD

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