The Home Depot Inc. (NYSE:HD) – Stock analysts at Jefferies Group dropped their Q4 2017 earnings estimates for shares of The Home Depot in a research report issued on Tuesday. Jefferies Group analyst D. Binder now anticipates that the firm will earn $1.32 per share for the quarter, down from their previous forecast of $1.34. Jefferies Group currently has a “Buy” rating and a $149.00 target price on the stock. Jefferies Group also issued estimates for The Home Depot’s Q1 2018 earnings at $1.60 EPS, Q2 2018 earnings at $2.19 EPS, Q3 2018 earnings at $1.79 EPS, Q4 2018 earnings at $1.51 EPS, FY2018 earnings at $7.10 EPS and FY2020 earnings at $8.81 EPS.

The Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.02. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The company earned $23.20 billion during the quarter, compared to analysts’ expectations of $23.05 billion. During the same period in the prior year, the company earned $1.36 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year.

Earnings History and Estimates for The Home Depot (NYSE:HD)

Other equities research analysts have also issued reports about the stock. Argus lifted their price target on shares of The Home Depot from $150.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Zacks Investment Research upgraded shares of The Home Depot from a “sell” rating to a “hold” rating in a research note on Thursday. Royal Bank Of Canada lifted their price target on shares of The Home Depot from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Deutsche Bank AG lifted their price target on shares of The Home Depot from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Finally, Nomura reiterated an “in-line” rating and issued a $155.00 price target on shares of The Home Depot in a research note on Wednesday, August 17th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The Home Depot has an average rating of “Buy” and an average price target of $144.81.

The Home Depot (NYSE:HD) traded up 2.71% during midday trading on Thursday, hitting $128.73. 4,603,260 shares of the company traded hands. The stock’s 50-day moving average price is $125.64 and its 200 day moving average price is $130.72. The company has a market capitalization of $159.06 billion, a price-to-earnings ratio of 21.79 and a beta of 1.05. The Home Depot has a 12-month low of $109.62 and a 12-month high of $139.00.

In other news, CFO Carol B. Tome sold 97,610 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the completion of the sale, the chief financial officer now directly owns 644,831 shares in the company, valued at $87,277,875.85. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy M. Crow sold 49,392 shares of the stock in a transaction on 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 sale, the executive vice president now owns 224,905 shares of the company’s stock, valued at $30,375,669.30. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of HD. Wealthsource Partners LLC purchased a new stake in The Home Depot during the first quarter valued at $317,000. National Pension Service boosted its stake in The Home Depot by 4.2% in the first quarter. National Pension Service now owns 643,174 shares of the home improvement retailer’s stock valued at $85,819,000 after buying an additional 25,668 shares during the period. Nuveen Asset Management LLC boosted its stake in The Home Depot by 0.8% in the first quarter. Nuveen Asset Management LLC now owns 766,884 shares of the home improvement retailer’s stock valued at $102,326,000 after buying an additional 5,997 shares during the period. Citizens Financial Group Inc RI boosted its stake in The Home Depot by 532.0% in the first quarter. Citizens Financial Group Inc RI now owns 69,224 shares of the home improvement retailer’s stock valued at $9,236,000 after buying an additional 58,271 shares during the period. Finally, Thomaspartners Inc. boosted its stake in The Home Depot by 6.7% in the first quarter. Thomaspartners Inc. now owns 5,960 shares of the home improvement retailer’s stock valued at $795,000 after buying an additional 372 shares during the period. Institutional investors own 71.62% of the company’s stock.

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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