Home Depot, Inc. (The) (NYSE:HD) – Oppenheimer Holdings lifted their Q3 2018 earnings estimates for Home Depot, Inc. (The) in a note issued to investors on Monday. Oppenheimer Holdings analyst B. Nagel now forecasts that the home improvement retailer will post earnings per share of $1.82 for the quarter, up from their prior estimate of $1.80. Oppenheimer Holdings currently has a “Buy” rating and a $178.00 target price on the stock. Oppenheimer Holdings also issued estimates for Home Depot, Inc. (The)’s FY2018 earnings at $7.32 EPS.

Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 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 $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter in the previous year, the business earned $1.60 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis.

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A number of other analysts have also recently issued reports on the company. Bank of America Corporation boosted their target price on Home Depot, Inc. (The) from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. KeyCorp began coverage on Home Depot, Inc. (The) in a report on Tuesday, November 7th. They issued a “sector weight” rating for the company. Royal Bank Of Canada set a $179.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Monday, October 30th. Robert W. Baird set a $175.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Credit Suisse Group set a $171.00 price target on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $173.18.

Shares of Home Depot, Inc. (HD) traded down $0.19 during trading hours on Tuesday, hitting $165.16. The stock had a trading volume of 3,285,851 shares, compared to its average volume of 4,370,916. The company has a quick ratio of 0.48, a current ratio of 1.30 and a debt-to-equity ratio of 6.87. Home Depot, Inc. has a 1-year low of $122.92 and a 1-year high of $167.94. The stock has a market cap of $194,920.00, a PE ratio of 23.58, a P/E/G ratio of 1.65 and a beta of 1.08.

In other Home Depot, Inc. (The) news, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the sale, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction on 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 directly owns 64,810 shares in the company, valued at $9,877,044. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,717 shares of company stock worth $8,916,321. Corporate insiders own 0.26% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. American Beacon Advisors Inc. acquired a new stake in Home Depot, Inc. (The) in the first quarter worth $100,000. Jacobi Capital Management LLC increased its position in Home Depot, Inc. (The) by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after buying an additional 101 shares during the period. Riggs Asset Managment Co. Inc. increased its position in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the period. Burt Wealth Advisors increased its position in Home Depot, Inc. (The) by 83.5% in the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after buying an additional 396 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its position in Home Depot, Inc. (The) by 63.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after buying an additional 340 shares during the period. 71.36% of the stock is currently owned by hedge funds and other institutional investors.

About Home Depot, Inc. (The)

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.

Earnings History and Estimates for Home Depot, Inc. (The) (NYSE:HD)

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