Home Depot Inc (NYSE:HD) – Analysts at Wedbush raised their FY2020 EPS estimates for Home Depot in a note issued to investors on Thursday. Wedbush analyst S. Basham now anticipates that the home improvement retailer will post earnings of $9.61 per share for the year, up from their previous estimate of $8.68.
A number of other research firms have also recently weighed in on HD. BTIG Research lifted their price objective on shares of Home Depot to $215.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Argus lifted their price objective on shares of Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. Oppenheimer set a $178.00 price objective on shares of Home Depot and gave the company a “buy” rating in a report on Tuesday, November 14th. Jefferies Group reaffirmed a “buy” rating and issued a $223.00 price objective on shares of Home Depot in a report on Monday, February 5th. Finally, SunTrust Banks lifted their price objective on shares of Home Depot to $167.00 and gave the company a “hold” rating in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Home Depot has a consensus rating of “Buy” and an average price target of $190.34.
Home Depot (NYSE:HD) traded down $0.44 on Monday, reaching $186.53. 7,498,716 shares of the company’s stock were exchanged, compared to its average volume of 5,417,495. Home Depot has a one year low of $143.25 and a one year high of $207.60. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The stock has a market capitalization of $218,810.00, a PE ratio of 25.90, a price-to-earnings-growth ratio of 1.36 and a beta of 1.08.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.07. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company had revenue of $23.88 billion during the quarter, compared to analysts’ expectations of $23.65 billion. During the same quarter in the previous year, the company earned $1.44 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis.
Home Depot declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be given a dividend of $1.03 per share. This is a positive change from Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 dividend on an annualized basis and a yield of 2.21%. Home Depot’s payout ratio is presently 49.38%.
In related news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HD. Atlantic Trust LLC lifted its holdings in shares of Home Depot by 12.8% in the 2nd quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock worth $3,119,000 after acquiring an additional 2,309 shares during the last quarter. APG Asset Management N.V. lifted its holdings in shares of Home Depot by 6.3% in the 3rd quarter. APG Asset Management N.V. now owns 2,242,180 shares of the home improvement retailer’s stock worth $366,731,000 after acquiring an additional 133,300 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Home Depot by 3.0% in the 2nd quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock worth $11,295,000 after acquiring an additional 2,133 shares during the last quarter. Smithfield Trust Co. lifted its holdings in shares of Home Depot by 0.3% in the 2nd quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock worth $1,287,000 after acquiring an additional 25 shares during the last quarter. Finally, BP PLC lifted its holdings in shares of Home Depot by 16.2% in the 2nd quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock worth $27,459,000 after acquiring an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 70.36% of the company’s stock.
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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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