Stifel Nicolaus reaffirmed their buy rating on shares of Home Depot, Inc. (The) (NYSE:HD) in a research report report published on Wednesday morning. They currently have a $178.00 target price on the home improvement retailer’s stock.

Several other equities research analysts have also recently weighed in on HD. UBS AG reiterated a buy rating and set a $175.00 price objective (up from $173.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Wedbush reiterated a market perform rating on shares of Home Depot, Inc. (The) in a research report on Wednesday. Jefferies Group LLC reiterated a buy rating and set a $182.00 price objective on shares of Home Depot, Inc. (The) in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Home Depot, Inc. (The) from a buy rating to a hold rating in a research report on Wednesday. Finally, Telsey Advisory Group reiterated an outperform rating on shares of Home Depot, Inc. (The) in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $169.81.

Shares of Home Depot, Inc. (NYSE:HD) opened at 147.49 on Wednesday. The firm’s 50-day moving average is $151.15 and its 200-day moving average is $150.06. The firm has a market cap of $174.48 billion, a price-to-earnings ratio of 21.23 and a beta of 1.08. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company had revenue of $28.11 billion during the quarter, compared to analysts’ expectations of $27.84 billion. During the same period in the prior year, the company posted $1.97 earnings per share. Home Depot, Inc. (The)’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts predict that Home Depot, Inc. will post $7.33 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 31st will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is currently 51.15%.

In related news, EVP Ann Marie Campbell sold 10,717 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the transaction, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at $9,877,044. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in HD. Vanguard Group Inc. raised its stake in shares of Home Depot, Inc. (The) by 0.9% in the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after buying an additional 703,292 shares in the last quarter. State Street Corp raised its stake in shares of Home Depot, Inc. (The) by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after buying an additional 396,271 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Home Depot, Inc. (The) by 0.9% in the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock valued at $3,071,943,000 after buying an additional 170,139 shares in the last quarter. Northern Trust Corp raised its stake in shares of Home Depot, Inc. (The) by 1.3% in the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock valued at $2,659,010,000 after buying an additional 222,958 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $1,502,692,000. 71.27% of the stock is currently owned by institutional investors and hedge funds.

About Home Depot, Inc. (The)

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.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

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