SunTrust Banks, Inc. Raises Home Depot, Inc. (The) (HD) Price Target to $167.00
Home Depot, Inc. (The) (NYSE:HD) had its target price raised by SunTrust Banks, Inc. to $167.00 in a research note released on Wednesday morning, The Fly reports. They currently have a hold rating on the home improvement retailer’s stock. SunTrust Banks also issued estimates for Home Depot, Inc. (The)’s FY2018 earnings at $7.36 EPS, Q2 2019 earnings at $2.49 EPS, Q3 2019 earnings at $2.06 EPS, Q4 2019 earnings at $1.81 EPS and FY2019 earnings at $8.22 EPS.
HD has been the topic of several other research reports. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a hold rating to a buy rating and set a $167.00 target price on the stock in a report on Thursday, August 24th. Robert W. Baird set a $175.00 target price on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a report on Friday, October 13th. Bank of America Corporation upped their target price on shares of Home Depot, Inc. (The) from $170.00 to $190.00 and gave the stock a buy rating in a report on Wednesday, November 8th. Longbow Research reaffirmed a buy rating and issued a $175.00 target price on shares of Home Depot, Inc. (The) in a report on Monday, August 14th. Finally, BidaskClub lowered shares of Home Depot, Inc. (The) from a hold rating to a sell rating in a report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $175.66.
Shares of Home Depot, Inc. (HD) traded up $0.24 during trading on Wednesday, reaching $167.74. 4,520,609 shares of the company’s stock traded hands, compared to its average volume of 4,404,358. The company has a market cap of $197,450.00, a price-to-earnings 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 12-month low of $127.41 and a 12-month high of $168.43.
Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot, Inc. (The) had a net margin of 8.66% and a return on equity of 217.61%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.60 EPS. sell-side analysts forecast that Home Depot, Inc. will post 7.34 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be given a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.12%. Home Depot, Inc. (The)’s dividend payout ratio is 49.38%.
In related news, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction that occurred on 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 directly owns 33,147 shares in the company, valued at approximately $4,984,977.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matt Carey sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the sale, the executive vice president now owns 62,483 shares in the company, valued at $9,816,079.30. The disclosure for this sale can be found here. Company insiders own 0.26% of the company’s stock.
Several large investors have recently made changes to their positions in HD. Janus Henderson Group PLC raised its position in shares of Home Depot, Inc. (The) by 2,013.2% in the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after acquiring an additional 3,162,631 shares during the period. Boston Partners acquired a new stake in shares of Home Depot, Inc. (The) in the 1st quarter valued at approximately $326,895,000. Capital International Investors raised its position in shares of Home Depot, Inc. (The) by 132.5% in the 3rd quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock valued at $534,520,000 after acquiring an additional 1,862,134 shares during the period. Harbour Capital Advisors LLC raised its position in shares of Home Depot, Inc. (The) by 15,121.1% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock valued at $12,158,000 after acquiring an additional 1,852,784 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Home Depot, Inc. (The) by 43.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after purchasing an additional 1,734,963 shares in the last quarter. Institutional investors and hedge funds own 71.36% of the company’s stock.
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.
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