Shares of Home Depot, Inc. (The) (NYSE:HD) have earned an average recommendation of “Buy” from the twenty-eight analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, nineteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $172.22.

HD has been the topic of several analyst reports. Vetr lowered shares of Home Depot, Inc. (The) from a “strong-buy” rating to a “buy” rating and set a $164.18 price target on the stock. in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating on shares of Home Depot, Inc. (The) in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Home Depot, Inc. (The) in a research report on Thursday, June 22nd. Finally, Longbow Research reiterated a “buy” rating and set a $175.00 price target on shares of Home Depot, Inc. (The) in a research report on Monday, August 14th.

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Home Depot, Inc. (HD) traded down 0.40% on Thursday, hitting $164.59. 3,396,727 shares of the stock were exchanged. The company has a 50-day moving average price of $158.49 and a 200 day moving average price of $153.82. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $166.63. The company has a market capitalization of $194.02 billion, a PE ratio of 23.69 and a beta of 1.07.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. The business had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $1.97 EPS. Analysts anticipate that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.

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

In other Home Depot, Inc. (The) news, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were 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 in the company, valued at $9,816,079.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the completion of the sale, the executive vice president now owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The disclosure for this sale can be found here. Insiders have sold 57,717 shares of company stock valued at $8,916,321 in the last three months. 0.26% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Quantitative Systematic Strategies LLC grew its holdings in Home Depot, Inc. (The) by 12.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 19,718 shares of the home improvement retailer’s stock worth $3,001,000 after purchasing an additional 2,139 shares during the period. Karp Capital Management Corp acquired a new stake in Home Depot, Inc. (The) in the first quarter worth $99,739,000. Baystate Wealth Management LLC grew its holdings in Home Depot, Inc. (The) by 155.7% in the first quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock worth $441,000 after purchasing an additional 1,831 shares during the period. Comerica Securities Inc. grew its holdings in Home Depot, Inc. (The) by 111.7% in the first quarter. Comerica Securities Inc. now owns 9,800 shares of the home improvement retailer’s stock worth $1,439,000 after purchasing an additional 5,170 shares during the period. Finally, Paragon Wealth Strategies LLC grew its holdings in shares of Home Depot, Inc. (The) by 18.7% during the first quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock valued at $267,000 after buying an additional 286 shares during the last quarter. Institutional investors and hedge funds own 71.38% of the company’s stock.

Home Depot, Inc. (The) 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.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

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