Vetr cut shares of The Home Depot Inc. (NYSE:HD) from a buy rating to a hold rating in a research note issued to investors on Monday. Vetr currently has $132.30 price target on the home improvement retailer’s stock.
HD has been the topic of a number of other research reports. Stifel Nicolaus began coverage on The Home Depot in a report on Tuesday, August 2nd. They issued a buy rating and a $157.00 price target on the stock. Royal Bank Of Canada upped their price target on The Home Depot from $150.00 to $155.00 and gave the stock an outperform rating in a report on Wednesday, August 17th. Morgan Stanley set a $145.00 price target on The Home Depot and gave the stock a hold rating in a report on Wednesday, September 28th. JPMorgan Chase & Co. restated a buy rating and issued a $142.00 price target on shares of The Home Depot in a report on Tuesday, August 16th. Finally, Wedbush upped their price target on The Home Depot from $140.00 to $145.00 and gave the stock an outperform rating in a report on Wednesday, August 17th. Seven investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $146.86.
Shares of The Home Depot (NYSE:HD) opened at 130.19 on Monday. The Home Depot has a 1-year low of $109.62 and a 1-year high of $139.00. The firm has a market cap of $160.86 billion, a PE ratio of 22.04 and a beta of 0.97. The firm’s 50-day moving average price is $130.53 and its 200 day moving average price is $132.57.
The Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.97. The business had revenue of $26.47 billion for the quarter, compared to analysts’ expectations of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 EPS. On average, equities research analysts forecast that The Home Depot will post $6.33 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were given a dividend of $0.69 per share. The ex-dividend date was Tuesday, August 30th. This represents a $2.76 annualized dividend and a dividend yield of 2.12%. The Home Depot’s payout ratio is 46.54%.
In other news, EVP Matt Carey sold 29,357 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $136.26, for a total transaction of $4,000,184.82. Following the transaction, the executive vice president now owns 88,872 shares of the company’s stock, valued at $12,109,698.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy M. Crow sold 49,392 shares of the stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the transaction, the executive vice president now directly owns 224,905 shares in the company, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.
Several institutional investors have recently modified their holdings of HD. BLB&B Advisors LLC acquired a new position in shares of The Home Depot during the first quarter worth about $250,000. Fox Run Management L.L.C. acquired a new position in shares of The Home Depot during the first quarter worth about $320,000. FirstMerit Bank N A Trustee boosted its position in shares of The Home Depot by 0.8% in the first quarter. FirstMerit Bank N A Trustee now owns 110,275 shares of the home improvement retailer’s stock worth $14,714,000 after buying an additional 918 shares in the last quarter. Benin Management CORP boosted its position in shares of The Home Depot by 3.6% in the first quarter. Benin Management CORP now owns 2,844 shares of the home improvement retailer’s stock worth $379,000 after buying an additional 100 shares in the last quarter. Finally, Kelman Lazarov Inc. acquired a new position in shares of The Home Depot during the first quarter worth about $462,000. 71.86% of the stock is currently owned by institutional investors and hedge funds.
About The 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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