Home Depot, Inc. (The) (NYSE:HD) had its price objective hoisted by Royal Bank Of Canada from $183.00 to $186.00 in a research note released on Wednesday. Royal Bank Of Canada currently has an outperform rating on the home improvement retailer’s stock.

HD has been the subject of a number of other research reports. Zacks Investment Research cut Home Depot, Inc. (The) from a buy rating to a hold rating in a report on Wednesday, August 30th. Robert W. Baird set a $175.00 target price on Home Depot, Inc. (The) and gave the stock a buy rating in a report on Sunday, September 10th. Credit Suisse Group set a $171.00 target price on Home Depot, Inc. (The) and gave the stock a buy rating in a report on Friday, October 13th. Bank of America Corporation reiterated a buy rating and issued a $170.00 target price on shares of Home Depot, Inc. (The) in a report on Tuesday, September 5th. Finally, BMO Capital Markets reiterated an outperform rating on shares of Home Depot, Inc. (The) in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $175.66.

Home Depot, Inc. (NYSE:HD) traded up $2.03 during midday trading on Wednesday, reaching $167.50. The company’s stock had a trading volume of 4,585,424 shares, compared to its average volume of 4,403,778. The stock has a market cap of $197,450.00, a PE ratio of 23.34, a PEG ratio of 1.71 and a beta of 1.08. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.30 and a quick ratio of 0.48. Home Depot, Inc. has a fifty-two week low of $125.70 and a fifty-two week high of $168.14.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot, Inc. (The) had a return on equity of 217.61% and a net margin of 8.66%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 EPS. equities analysts predict that Home Depot, Inc. will post 7.34 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.13%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is 49.38%.

In other Home Depot, Inc. (The) news, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the sale, the executive vice president now owns 62,483 shares in the company, valued at approximately $9,816,079.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were 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 owns 33,147 shares in the company, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Home Depot, Inc. (The) by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after purchasing an additional 703,292 shares during the last quarter. State Street Corp grew its stake in Home Depot, Inc. (The) by 0.7% during the 1st quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after purchasing an additional 396,271 shares during the last quarter. Capital Research Global Investors grew its stake in Home Depot, Inc. (The) by 0.9% during the 2nd 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 purchasing an additional 170,139 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Home Depot, Inc. (The) by 1.3% in the 2nd 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 during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Home Depot, Inc. (The) by 1.1% in the 2nd quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock valued at $1,231,485,000 after buying an additional 84,750 shares during the period. Institutional investors and hedge funds own 71.36% of the company’s stock.

Home Depot, Inc. (The) Company Profile

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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