The Home Depot Inc. (NYSE:HD) – Analysts at Jefferies Group dropped their FY2019 earnings per share (EPS) estimates for The Home Depot in a research note issued to investors on Tuesday. Jefferies Group analyst D. Binder now expects that the firm will post earnings of $8.11 per share for the year, down from their previous forecast of $8.14. Jefferies Group currently has a “Buy” rating and a $149.00 target price on the stock.

Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded The Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th. Bank of America Corp. reissued a “buy” rating and issued a $128.72 target price (up from $127.67) on shares of The Home Depot in a research report on Tuesday, November 15th. RBC Capital Markets reissued an “outperform” rating and issued a $155.00 target price (up from $150.00) on shares of The Home Depot in a research report on Wednesday, August 17th. Argus reissued a “buy” rating and issued a $154.00 target price on shares of The Home Depot in a research report on Saturday. Finally, Nomura reissued an “in-line” rating and issued a $155.00 target price on shares of The Home Depot in a research report on Wednesday, August 17th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $145.58.

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

The Home Depot (NYSE:HD) opened at 128.33 on Friday. The Home Depot has a 12 month low of $109.62 and a 12 month high of $139.00. The stock has a market capitalization of $157.08 billion, a P/E ratio of 20.83 and a beta of 1.05. The stock has a 50 day moving average price of $125.71 and a 200 day moving average price of $130.93.

The Home Depot (NYSE:HD) last announced its quarterly earnings data 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 Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.05 billion. During the same period in the previous year, the business earned $1.36 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.69 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.76 annualized dividend and a yield of 2.15%. The Home Depot’s dividend payout ratio (DPR) is presently 44.66%.

In other The Home Depot news, EVP Mark Holifield sold 15,606 shares of the business’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 39,499 shares in the company, valued at $5,071,276.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Carol B. Tome sold 97,610 shares of the business’s stock in a transaction 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 completion of the transaction, 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 corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Brookfield Asset Management Inc. increased its position in 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 period. Valley National Advisers Inc. increased its position in 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 period. First PREMIER Bank increased its position in The Home Depot by 29.2% in the second quarter. First PREMIER Bank now owns 885 shares of the home improvement retailer’s stock valued at $113,000 after buying an additional 200 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in The Home Depot by 35.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 917 shares of the home improvement retailer’s stock valued at $117,000 after buying an additional 239 shares during the period. Finally, Invictus RG increased its position in 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 period. Institutional investors and hedge funds own 71.62% of the company’s stock.

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.

5 Day Chart for NYSE:HD

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