Home Depot, Inc. (The) (HD) Given Consensus Rating of “Buy” by Analysts

Home Depot, Inc. (The) (NYSE:HD) has earned a consensus rating of “Buy” from the twenty-eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $177.33.

Several research firms recently weighed in on HD. Robert W. Baird reiterated an “outperform” rating and set a $195.00 target price on shares of Home Depot in a research report on Thursday. Credit Suisse Group reiterated an “outperform” rating and set a $183.00 target price (up from $175.00) on shares of Home Depot in a research report on Wednesday. Atlantic Securities upgraded Home Depot from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $174.16 to $174.95 in a research report on Tuesday. Citigroup increased their target price on Home Depot from $179.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, SunTrust Banks increased their target price on Home Depot to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, November 15th.

In other news, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new position in shares of Home Depot during the 1st quarter worth about $100,000. Jacobi Capital Management LLC lifted its position in shares of Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares during the last quarter. Burt Wealth Advisors lifted its position in shares of Home Depot by 83.5% during the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after purchasing an additional 396 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Home Depot by 63.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after purchasing an additional 340 shares during the last quarter. Finally, Empire Life Investments Inc. lifted its position in shares of Home Depot by 233.4% during the 3rd quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock worth $157,000 after purchasing an additional 670 shares during the last quarter. Institutional investors and hedge funds own 69.70% of the company’s stock.

Home Depot (HD) traded up $0.60 on Friday, hitting $180.42. The company had a trading volume of 4,682,483 shares, compared to its average volume of 4,432,599. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. The firm has a market capitalization of $210,690.00, a price-to-earnings ratio of 24.52, a P/E/G ratio of 1.79 and a beta of 1.08. Home Depot has a fifty-two week low of $128.68 and a fifty-two week high of $180.67.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. research analysts forecast that Home Depot will post 7.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a yield of 1.97%. Home Depot’s dividend payout ratio (DPR) is presently 49.38%.

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About Home Depot

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 (NYSE:HD)

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