The Home Depot Inc. (HD) Receives $143.84 Consensus Price Target from Analysts
Shares of The Home Depot Inc. (NYSE:HD) have earned an average recommendation of “Buy” from the twenty-seven analysts that are presently covering the company. Eight research analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $145.26.
HD has been the subject of several analyst reports. Piper Jaffray Cos. cut shares of The Home Depot from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $152.00 to $121.00 in a report on Monday, October 31st. Zacks Investment Research upgraded shares of The Home Depot from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Tuesday, October 4th. Macquarie reiterated a “buy” rating on shares of The Home Depot in a report on Tuesday, November 1st. Argus reiterated a “hold” rating and set a $154.00 price target on shares of The Home Depot in a report on Friday, September 16th. Finally, Morgan Stanley set a $145.00 price target on shares of The Home Depot and gave the stock a “hold” rating in a report on Wednesday, September 28th.
Shares of The Home Depot (NYSE:HD) opened at 128.33 on Wednesday. The firm’s 50-day moving average is $125.59 and its 200 day moving average is $130.67. The Home Depot has a 52 week low of $109.62 and a 52 week high of $139.00. The firm has a market capitalization of $158.56 billion, a PE ratio of 21.72 and a beta of 1.05.
The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.02. The Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The firm had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.05 billion. During the same period in the prior year, the firm earned $1.36 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts forecast that The Home Depot will post $6.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.69 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.15%. The Home Depot’s dividend payout ratio is presently 44.66%.
In related news, EVP Mark Holifield sold 15,606 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $128.39, for a total value of $2,003,654.34. Following the sale, the executive vice president now directly owns 39,499 shares of the company’s stock, valued at approximately $5,071,276.61. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Carol B. Tome sold 97,610 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Nuveen Asset Management LLC boosted 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 worth $102,326,000 after buying an additional 5,997 shares during the last quarter. Citizens Financial Group Inc RI boosted 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 worth $9,236,000 after buying an additional 58,271 shares during the last quarter. Thomaspartners Inc. boosted 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 worth $795,000 after buying an additional 372 shares during the last quarter. HBK Investments L P acquired a new stake in shares of The Home Depot during the first quarter worth approximately $23,613,000. Finally, Mariner Wealth Advisors LLC boosted its stake in shares of The Home Depot by 32.8% in the first quarter. Mariner Wealth Advisors LLC now owns 35,011 shares of the home improvement retailer’s stock worth $4,671,000 after buying an additional 8,645 shares during the last quarter. 71.62% of the stock is currently owned by hedge funds and other institutional investors.
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.
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