The Home Depot Inc. (NYSE:HD) released its earnings results on Tuesday. The home improvement retailer reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.02. The company earned $23.20 billion during the quarter, compared to the consensus estimate of $23.05 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. During the same period in the previous year, the company posted $1.36 EPS.

Shares of The Home Depot (NYSE:HD) opened at 127.67 on Tuesday. The firm has a market cap of $157.75 billion, a price-to-earnings ratio of 21.61 and a beta of 1.05. The Home Depot has a 1-year low of $109.62 and a 1-year high of $139.00. The company’s 50 day moving average price is $125.71 and its 200-day moving average price is $130.93.

Earnings History for The Home Depot (NYSE:HD)

In other The Home Depot news, EVP Teresa Wynn Roseborough sold 11,671 shares of The Home Depot stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $136.03, for a total transaction of $1,587,606.13. Following the sale, the executive vice president now owns 44,107 shares of the company’s stock, valued at approximately $5,999,875.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Carol B. Tome sold 97,610 shares of The Home Depot stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $135.35, for a total value of $13,211,513.50. Following the sale, the chief financial officer now directly owns 644,831 shares in the company, valued at approximately $87,277,875.85. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Brookfield Asset Management Inc. increased its stake in shares of The Home Depot by 16.1% in the second quarter. Brookfield Asset Management Inc. now owns 813 shares of the home improvement retailer’s stock valued at $104,000 after buying an additional 113 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of The Home Depot by 17.6% in the second quarter. Valley National Advisers Inc. now owns 855 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 128 shares during the last quarter. Invictus RG increased its stake in shares of The Home Depot by 215.7% in the second quarter. Invictus RG now owns 944 shares of the home improvement retailer’s stock valued at $121,000 after buying an additional 645 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of The Home Depot by 247.0% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 968 shares of the home improvement retailer’s stock valued at $124,000 after buying an additional 689 shares during the last quarter. Finally, MCF Advisors LLC increased its stake in shares of The Home Depot by 3.6% in the second quarter. MCF Advisors LLC now owns 1,028 shares of the home improvement retailer’s stock valued at $131,000 after buying an additional 36 shares during the last quarter. 71.62% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on HD. Vetr downgraded The Home Depot from a “buy” rating to a “hold” rating and set a $129.26 target price for the company. in a research report on Wednesday, November 9th. Zacks Investment Research downgraded The Home Depot from a “hold” rating to a “sell” rating in a research report on Thursday, November 3rd. Macquarie reissued a “buy” rating on shares of The Home Depot in a research report on Tuesday, November 1st. Piper Jaffray Cos. downgraded The Home Depot from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $152.00 to $121.00 in a research report on Monday, October 31st. Finally, Morgan Stanley set a $145.00 price objective on The Home Depot and gave the stock a “hold” rating in a research report on Wednesday, September 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $145.79.

The 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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