Home Depot Inc (NYSE:HD) – Equities research analysts at Jefferies Group lifted their Q2 2019 earnings per share estimates for Home Depot in a research note issued to investors on Monday. Jefferies Group analyst D. Binder now anticipates that the home improvement retailer will earn $2.82 per share for the quarter, up from their prior forecast of $2.46. Jefferies Group currently has a “Buy” rating and a $223.00 target price on the stock. Jefferies Group also issued estimates for Home Depot’s FY2019 earnings at $9.48 EPS, FY2020 earnings at $10.26 EPS, FY2021 earnings at $11.24 EPS and FY2022 earnings at $12.64 EPS.
HD has been the topic of several other research reports. Telsey Advisory Group lifted their price target on Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Robert W. Baird reiterated an “outperform” rating and issued a $195.00 target price on shares of Home Depot in a research note on Thursday, November 30th. SunTrust Banks lifted their target price on Home Depot from $167.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, December 7th. Credit Suisse Group lifted their target price on Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Bank of America lifted their target price on Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $190.32.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC boosted its holdings in Home Depot by 65.4% in the fourth quarter. Jennison Associates LLC now owns 8,227,834 shares of the home improvement retailer’s stock valued at $1,559,421,000 after purchasing an additional 3,254,382 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Home Depot by 2,013.2% in the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after purchasing an additional 3,162,631 shares during the last quarter. Capital International Investors boosted its holdings in Home Depot by 132.5% in the third quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock valued at $534,520,000 after purchasing an additional 1,862,134 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in Home Depot by 15,121.1% in the second quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock valued at $12,158,000 after purchasing an additional 1,852,784 shares during the last quarter. Finally, APG Asset Management N.V. boosted its holdings in Home Depot by 66.3% in the fourth quarter. APG Asset Management N.V. now owns 3,727,680 shares of the home improvement retailer’s stock valued at $588,364,000 after purchasing an additional 1,485,500 shares during the last quarter. Institutional investors own 70.51% of the company’s stock.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the sale, the executive vice president now directly owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.
Home Depot declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 6th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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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.
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