Home Depot Inc (NYSE:HD) – Research analysts at Oppenheimer Holdings upped their Q2 2018 earnings estimates for Home Depot in a report released on Friday. Oppenheimer Holdings analyst B. Nagel now forecasts that the home improvement retailer will earn $2.22 per share for the quarter, up from their prior estimate of $2.20. Oppenheimer Holdings has a “Buy” rating and a $178.00 price target on the stock. Oppenheimer Holdings also issued estimates for Home Depot’s FY2018 earnings at $7.23 EPS and FY2019 earnings at $8.12 EPS.

Other equities analysts have also recently issued reports about the company. Atlantic Securities cut Home Depot from an “overweight” rating to a “neutral” rating and set a $168.00 target price for the company. in a research note on Thursday, May 11th. Stifel Nicolaus reiterated a “buy” rating and set a $178.00 target price (up from $165.00) on shares of Home Depot in a research note on Wednesday, May 17th. UBS AG reiterated a “buy” rating and set a $175.00 target price (up from $173.00) on shares of Home Depot in a research note on Wednesday, May 17th. Sanford C. Bernstein reiterated a “market perform” rating and set a $152.00 target price on shares of Home Depot in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Home Depot in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $165.43.

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Home Depot (NYSE:HD) traded down 3.27% during mid-day trading on Monday, reaching $149.21. 7,296,428 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $151.41 and its 200-day moving average price is $149.89. The company has a market capitalization of $178.39 billion, a P/E ratio of 22.33 and a beta of 1.08. Home Depot has a 52 week low of $119.20 and a 52 week high of $160.86. Home Depot also saw some unusual options trading on Monday. Stock traders bought 31,506 put options on the stock. This represents an increase of 331% compared to the typical volume of 7,312 put options.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. Home Depot had a net margin of 8.43% and a return on equity of 194.77%. The company had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. During the same quarter last year, the company earned $1.97 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis.

In other Home Depot news, Director Wayne M. Hewett purchased 350 shares of the stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $157.11 per share, with a total value of $54,988.50. Following the completion of the acquisition, the director now owns 1,400 shares of the company’s stock, valued at $219,954. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Craig A. Menear sold 90,661 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19. Following the transaction, the chief executive officer now directly owns 240,090 shares in the company, valued at $37,643,711.10. The disclosure for this sale can be found here. Insiders have sold 128,900 shares of company stock worth $20,167,386 over the last three months. Corporate insiders own 0.26% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Home Depot during the fourth quarter worth approximately $1,502,692,000. Janus Henderson Group PLC raised its position in shares of Home Depot by 2,013.2% in the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after buying an additional 3,162,631 shares during the period. Boston Partners acquired a new position in shares of Home Depot during the first quarter worth approximately $326,895,000. Harbour Capital Advisors LLC raised its position in shares of Home Depot by 15,121.1% in the second quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after buying an additional 1,852,784 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Home Depot by 43.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after buying an additional 1,734,963 shares during the period. 71.27% of the stock is currently owned by institutional investors.

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

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

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