Atlantic Securities lowered shares of Home Depot Inc (NYSE:HD) from an overweight rating to a neutral rating in a report published on Thursday, May 11th. The brokerage currently has $168.00 target price on the home improvement retailer’s stock.
Several other equities research analysts have also recently issued reports on the company. Argus boosted their price target on Home Depot to $160.00 and gave the company a buy rating in a research note on Wednesday, February 22nd. Vetr upgraded Home Depot from a hold rating to a buy rating and set a $152.86 price target for the company in a research note on Wednesday, March 8th. Credit Suisse Group AG set a $163.00 price target on Home Depot and gave the company a buy rating in a research note on Tuesday, May 2nd. Wedbush reiterated a neutral rating and issued a $145.00 price target on shares of Home Depot in a research note on Friday, February 10th. Finally, Citigroup Inc boosted their price target on Home Depot from $163.00 to $168.00 and gave the company a top pick rating in a research note on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $163.26.
Home Depot (NYSE HD) opened at 154.79 on Thursday. Home Depot has a 12-month low of $119.20 and a 12-month high of $160.86. The firm has a market cap of $185.06 billion, a PE ratio of 23.16 and a beta of 1.09. The firm has a 50-day moving average price of $154.47 and a 200 day moving average price of $143.53.
Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.06. Home Depot had a return on equity of 194.77% and a net margin of 8.43%. The company had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Equities research analysts forecast that Home Depot will post $7.24 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.89 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.30%. Home Depot’s dividend payout ratio is presently 44.66%.
In other Home Depot news, EVP William G. Lennie sold 31,239 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $155.47, for a total value of $4,856,727.33. Following the completion of the sale, the executive vice president now owns 46,294 shares in the company, valued at approximately $7,197,328.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Craig A. Menear sold 90,661 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the completion of the sale, the chief executive officer now owns 240,090 shares of the company’s stock, valued at approximately $37,643,711.10. The disclosure for this sale can be found here. Insiders sold a total of 128,900 shares of company stock worth $20,167,386 in the last 90 days. 0.26% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Sowell Financial Services LLC raised its stake in Home Depot by 37.6% in the first quarter. Sowell Financial Services LLC now owns 15,655 shares of the home improvement retailer’s stock valued at $2,427,000 after buying an additional 4,279 shares during the period. PHH Investments Ltd. raised its stake in Home Depot by 0.8% in the first quarter. PHH Investments Ltd. now owns 13,063 shares of the home improvement retailer’s stock valued at $1,918,000 after buying an additional 110 shares during the period. Ballentine Partners LLC raised its stake in shares of Home Depot by 0.9% in the first quarter. Ballentine Partners LLC now owns 8,578 shares of the home improvement retailer’s stock valued at $1,259,000 after buying an additional 78 shares during the last quarter. HM Payson & Co. raised its stake in shares of Home Depot by 4.8% in the first quarter. HM Payson & Co. now owns 77,402 shares of the home improvement retailer’s stock valued at $11,365,000 after buying an additional 3,580 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Home Depot by 95.9% in the first quarter. Proficio Capital Partners LLC now owns 2,561 shares of the home improvement retailer’s stock valued at $397,000 after buying an additional 1,254 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.
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.
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