A number of firms have modified their ratings and price targets on shares of Home Depot, Inc. (The) (NYSE: HD) recently:

  • 7/27/2017 – Home Depot, Inc. (The) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2017 – Home Depot, Inc. (The) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $164.18 price target on the stock.
  • 7/24/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 7/20/2017 – Home Depot, Inc. (The) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $164.18 price target on the stock.
  • 7/12/2017 – Home Depot, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $169.00 price target on the stock. According to Zacks, “Home Depot has outperformed the broader industry in the last three months, owing to consistent gains from improving customer experience, solid execution and consistent housing market recovery. These factors helped the company post earnings surprise in first-quarter fiscal 2017, retaining the four-year long trend of beating earnings estimates. Results gained from growth across its interconnected platform as well as all regions. The company’s relentless focus on affording innovative products, boosting interconnected customer experience and driving productivity seems to be paying off. Moreover, the company raised earnings guidance for fiscal 2017 while retaining the sales view. However, intense competition and a soft economic recovery may prove deterrents, pushing back home improvement projects. Moreover, the company’s significant exposure to international markets makes it vulnerable to currency headwinds.”
  • 7/12/2017 – Home Depot, Inc. (The) had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $152.00 price target on the stock.
  • 6/23/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $182.00 price target on the stock.
  • 6/22/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 6/19/2017 – Home Depot, Inc. (The) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $164.09 price target on the stock.
  • 6/16/2017 – Home Depot, Inc. (The) had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $176.00 price target on the stock.
  • 6/6/2017 – Home Depot, Inc. (The) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $165.56 price target on the stock.
  • 6/5/2017 – Home Depot, Inc. (The) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $160.62 price target on the stock.

Shares of Home Depot, Inc. (HD) opened at 148.08 on Monday. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86. The company has a market cap of $177.04 billion, a PE ratio of 22.16 and a beta of 1.09. The stock’s 50 day moving average price is $152.29 and its 200 day moving average price is $148.52.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The company had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter last year, the company posted $1.44 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities analysts predict that Home Depot, Inc. will post $7.24 earnings per share for the current fiscal year.

In other news, EVP Ann Marie Campbell sold 7,000 shares of Home Depot, Inc. (The) stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total value of $1,095,920.00. Following the transaction, the executive vice president now owns 54,091 shares in the company, valued at approximately $8,468,486.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Wayne M. Hewett purchased 350 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average price of $157.11 per share, for a total transaction of $54,988.50. Following the purchase, the director now owns 1,400 shares in the company, valued at approximately $219,954. The disclosure for this purchase can be found here. In the last quarter, insiders sold 128,900 shares of company stock worth $20,167,386. Corporate insiders own 0.26% of the company’s stock.

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

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