Home Depot, Inc. (The) (NYSE: HD) has recently received a number of price target changes and ratings updates:

  • 10/3/2017 – Home Depot, Inc. (The) is now covered by analysts at Gordon Haskett. They set a “buy” rating and a $189.00 price target on the stock.
  • 10/1/2017 – Home Depot, Inc. (The) had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $164.00 price target on the stock.
  • 9/26/2017 – 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.”
  • 9/21/2017 – Home Depot, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $177.00 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.”
  • 9/18/2017 – 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.

Home Depot, Inc. (NYSE:HD) opened at 165.17 on Wednesday. Home Depot, Inc. has a one year low of $119.20 and a one year high of $165.28. The company has a 50 day moving average of $155.78 and a 200-day moving average of $153.08. The firm has a market cap of $194.71 billion, a PE ratio of 23.77 and a beta of 1.07.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were issued a $0.89 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 annualized dividend and a yield of 2.16%. Home Depot, Inc. (The)’s payout ratio is 51.15%.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the sale, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,717 shares of company stock worth $8,916,321. 0.26% of the stock is currently owned by corporate insiders.

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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