Home Depot Inc (NYSE:HD) – Equities researchers at Gabelli dropped their FY2020 earnings per share estimates for shares of Home Depot in a research report issued to clients and investors on Wednesday, November 14th. Gabelli analyst A. Lacayo now anticipates that the home improvement retailer will post earnings per share of $10.30 for the year, down from their previous estimate of $10.40.

HD has been the topic of several other research reports. Wells Fargo & Co reiterated a “buy” rating and set a $230.00 price target on shares of Home Depot in a research report on Sunday, September 16th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a research report on Friday, October 5th. Credit Suisse Group reiterated a “neutral” rating and set a $204.00 price target (down previously from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. Royal Bank of Canada reduced their price target on shares of Home Depot from $218.00 to $208.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, ValuEngine cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Home Depot currently has an average rating of “Buy” and an average price target of $204.16.

Shares of NYSE HD opened at $177.36 on Friday. Home Depot has a 1 year low of $166.06 and a 1 year high of $215.43. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.37 and a current ratio of 1.09. The stock has a market cap of $204.80 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.39 and a beta of 1.26.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The company had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. During the same quarter in the previous year, the company earned $1.84 earnings per share. Home Depot’s quarterly revenue was up 5.1% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in HD. HC Financial Advisors Inc. purchased a new position in Home Depot during the fourth quarter valued at $3,778,000. BlackRock Inc. grew its stake in shares of Home Depot by 0.8% in the 1st quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock worth $12,875,610,000 after buying an additional 604,634 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Home Depot by 3.2% in the 1st quarter. Cetera Advisors LLC now owns 38,800 shares of the home improvement retailer’s stock worth $6,918,000 after acquiring an additional 1,201 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of Home Depot by 54.3% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 205,035 shares of the home improvement retailer’s stock worth $36,547,000 after acquiring an additional 72,135 shares during the last quarter. Finally, Lee Financial Co lifted its holdings in shares of Home Depot by 36.2% in the 1st quarter. Lee Financial Co now owns 2,534 shares of the home improvement retailer’s stock worth $452,000 after acquiring an additional 673 shares during the last quarter. Hedge funds and other institutional investors own 69.38% of the company’s stock.

In other news, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the sale, the executive vice president now directly owns 40,057 shares in the company, valued at approximately $8,077,093.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.25% of the stock is owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.32%. Home Depot’s payout ratio is 55.23%.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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

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