Robert W. Baird set a $175.00 target price on Home Depot, Inc. (The) (NYSE:HD) in a research note issued to investors on Sunday morning. The brokerage currently has a buy rating on the home improvement retailer’s stock.

A number of other brokerages also recently issued reports on HD. Zacks Investment Research downgraded Home Depot, Inc. (The) from a buy rating to a hold rating in a research report on Wednesday, August 30th. Vetr raised Home Depot, Inc. (The) from a hold rating to a buy rating and set a $165.56 price objective for the company in a research report on Tuesday, June 6th. Bank of America Corporation reissued a buy rating and set a $170.00 price objective on shares of Home Depot, Inc. (The) in a research report on Tuesday, September 5th. Morgan Stanley reissued an overweight rating and set a $173.00 price objective (up from $165.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Finally, Oppenheimer Holdings, Inc. reissued a buy rating on shares of Home Depot, Inc. (The) in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Home Depot, Inc. (The) has a consensus rating of Buy and a consensus target price of $169.86.

Home Depot, Inc. (NYSE:HD) opened at 159.91 on Friday. The company has a 50-day moving average of $151.30 and a 200-day moving average of $151.51. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.93. The firm has a market capitalization of $188.50 billion, a price-to-earnings ratio of 23.02 and a beta of 1.07.

Home Depot, Inc. (The) (NYSE:HD) last issued its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The business had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. During the same period last year, the company earned $1.97 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities analysts forecast that Home Depot, Inc. will post $7.32 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, August 29th. Home Depot, Inc. (The)’s payout ratio is presently 51.15%.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the sale, the executive vice president now owns 64,810 shares of the company’s stock, valued at approximately $9,877,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the sale, the executive vice president now directly owns 33,147 shares in the company, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. Insiders have sold a total of 57,717 shares of company stock worth $8,916,321 in 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 company. American Beacon Advisors Inc. acquired a new stake in shares of Home Depot, Inc. (The) during the 1st quarter worth about $100,000. Jacobi Capital Management LLC raised its position in shares of Home Depot, Inc. (The) by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after acquiring an additional 101 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its position in shares of Home Depot, Inc. (The) by 114.1% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after acquiring an additional 397 shares in the last quarter. University of Texas Investment Managment Co. acquired a new stake in shares of Home Depot, Inc. (The) during the 1st quarter worth about $132,000. Finally, Peoples Financial Services CORP. raised its position in shares of Home Depot, Inc. (The) by 13.9% during the 1st quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock worth $151,000 after acquiring an additional 125 shares in the last quarter. 71.45% 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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