Weekly Analysts’ Ratings Updates for Home Depot (HD)

Several analysts have recently updated their ratings and price targets for Home Depot (NYSE: HD):

  • 2/6/2018 – Home Depot was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $205.00 price target on the stock. According to Zacks, “Home Depot’s five-year long trend of beating earnings estimates led it to outperform the industry in the past year. The company delivered bottom-line beat in third-quarter fiscal 2017, while sales topped estimates for the fifth straight quarter. Further, the company has been gaining from strength in core business and relentless focus on affording innovative products, along with interconnected customer experience and driving productivity. Steady housing market recovery and strong customer demand are also boosting the company’s performance. Further, it raised top and bottom-line guidance for fiscal 2017, based on the solid year-to-date performance and anticipated gains from hurricane recovery activities. While hurricane-related activities aided comps growth, gross margins on such sales were significantly below average. This led to a decline in gross margin, which is likely to continue in fiscal 2017. Of late, estimates have been stable.”
  • 2/5/2018 – Home Depot had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $223.00 price target on the stock.
  • 1/25/2018 – Home Depot had its price target raised by analysts at Stifel Nicolaus from $209.00 to $230.00. They now have a “buy” rating on the stock.
  • 1/24/2018 – Home Depot had its price target raised by analysts at Credit Suisse Group AG from $183.00 to $222.00. They now have an “outperform” rating on the stock.
  • 1/19/2018 – Home Depot had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $220.00 price target on the stock, up previously from $190.00.
  • 12/26/2017 – Home Depot had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 12/15/2017 – Home Depot was given a new $191.00 price target on by analysts at BMO Capital Markets. They now have a “buy” rating on the stock.

Shares of Home Depot Inc (HD) traded up $0.65 during mid-day trading on Monday, reaching $184.77. The company had a trading volume of 3,168,973 shares, compared to its average volume of 5,156,891. The stock has a market capitalization of $216,280.00, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08. Home Depot Inc has a 12 month low of $139.05 and a 12 month high of $207.60. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23.

Home Depot (NYSE:HD) last issued its quarterly 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. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 earnings per share. equities research analysts predict that Home Depot Inc will post 7.38 earnings per share for the current year.

In related news, EVP Matt Carey sold 41,396 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.26% of the stock is 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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