Home Depot Inc (NYSE:HD)‘s stock had its “hold” rating reaffirmed by equities research analysts at SunTrust Banks, Inc. in a research note issued on Friday. They presently have a $157.00 price objective on the home improvement retailer’s stock, up from their prior price objective of $142.00. SunTrust Banks, Inc.’s target price points to a potential upside of 0.83% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Credit Suisse Group AG set a $148.00 target price on Home Depot and gave the stock a “buy” rating in a research report on Saturday, February 18th. Atlantic Securities lowered Home Depot from an “overweight” rating to a “neutral” rating and set a $168.00 target price for the company. in a research report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and set a $178.00 target price (up from $165.00) on shares of Home Depot in a research report on Wednesday. Oppenheimer Holdings Inc. set a $178.00 target price on Home Depot and gave the stock a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada set a $166.00 price objective on Home Depot and gave the company a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the company. Home Depot presently has a consensus rating of “Buy” and a consensus price target of $162.77.
Home Depot (NYSE:HD) traded up 0.363% during trading on Friday, hitting $156.265. 1,837,384 shares of the stock traded hands. The stock has a market cap of $187.21 billion, a PE ratio of 23.382 and a beta of 1.09. The company has a 50-day moving average price of $151.91 and a 200 day moving average price of $140.67. Home Depot has a one year low of $119.20 and a one year high of $160.86.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion during the quarter, compared to analyst estimates of $23.74 billion. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.44 EPS. Analysts expect that Home Depot will post $7.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.29%. Home Depot’s payout ratio is presently 44.66%.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Trust Co. raised its position in Home Depot by 0.7% in the first quarter. Cambridge Trust Co. now owns 92,833 shares of the home improvement retailer’s stock worth $13,630,000 after buying an additional 663 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in Home Depot during the first quarter worth $100,000. Northern Oak Wealth Management Inc. raised its position in Home Depot by 0.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 35,398 shares of the home improvement retailer’s stock worth $5,197,000 after buying an additional 166 shares during the last quarter. Brighton Jones LLC raised its position in Home Depot by 455.1% in the first quarter. Brighton Jones LLC now owns 14,476 shares of the home improvement retailer’s stock worth $2,125,000 after buying an additional 11,868 shares during the last quarter. Finally, Adalta Capital Management LLC acquired a new position in Home Depot during the first quarter worth $4,475,000. 71.53% of the stock is currently owned by institutional investors and hedge funds.
Home Depot 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.
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