The Home Depot Inc. (NYSE:HD) – Stock analysts at Wedbush upped their FY2017 earnings estimates for shares of The Home Depot in a research note issued to investors on Wednesday. Wedbush analyst S. Basham now expects that the firm will post earnings per share of $6.34 for the year, up from their prior estimate of $6.33. Wedbush has a “Outperform” rating and a $145.00 price objective on the stock. Wedbush also issued estimates for The Home Depot’s Q2 2018 earnings at $2.21 EPS, Q3 2018 earnings at $1.78 EPS and Q4 2018 earnings at $1.50 EPS.

A number of other equities research analysts have also recently issued reports on HD. Zacks Investment Research upgraded The Home Depot from a “sell” rating to a “hold” rating in a report on Thursday. Bank of America Corp. restated a “buy” rating and set a $128.72 price objective (up previously from $127.67) on shares of The Home Depot in a report on Tuesday. RBC Capital Markets reiterated an “outperform” rating and issued a $155.00 price target (up from $150.00) on shares of The Home Depot in a research note on Wednesday, August 17th. 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. Finally, Vetr cut The Home Depot from a “buy” rating to a “hold” rating and set a $129.26 price target for the company. in a research note on Wednesday, November 9th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $144.81.

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

The Home Depot (NYSE:HD) traded up 2.59% during midday trading on Thursday, hitting $128.58. The stock had a trading volume of 4,394,324 shares. The company has a 50-day moving average of $125.64 and a 200-day moving average of $130.72. The stock has a market cap of $158.87 billion, a price-to-earnings ratio of 21.76 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 Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.02. The company earned $23.20 billion during the quarter, compared to analysts’ expectations of $23.05 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $1.36 EPS.

In other news, EVP Timothy M. Crow sold 49,392 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the completion of the sale, the executive vice president now owns 224,905 shares in the company, valued at approximately $30,375,669.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Carol B. Tome sold 97,610 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following the sale, the chief financial officer now owns 644,831 shares of the company’s stock, valued at approximately $87,277,875.85. 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 modified their holdings of HD. Wealthsource Partners LLC bought a new stake in shares of The Home Depot during the first quarter valued at about $317,000. National Pension Service raised its stake in shares of 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 last quarter. Nuveen Asset Management LLC raised its stake in shares of 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 last quarter. Citizens Financial Group Inc RI raised its stake in shares of 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 last quarter. Finally, Thomaspartners Inc. raised its stake in shares of 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 last quarter. 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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