Recent Analysts’ Ratings Updates for Home Depot (HD)

Several analysts have recently updated their ratings and price targets for Home Depot (NYSE: HD):

  • 10/8/2019 – Home Depot had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $250.00 price target on the stock.
  • 10/4/2019 – Home Depot had its price target raised by analysts at Oppenheimer Holdings Inc. from $215.00 to $255.00. They now have an “outperform” rating on the stock.
  • 10/2/2019 – Home Depot was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/25/2019 – Home Depot had its price target raised by analysts at Wells Fargo & Co from $235.00 to $250.00. They now have an “outperform” rating on the stock.
  • 9/25/2019 – Home Depot had its price target raised by analysts at Telsey Advisory Group from $210.00 to $220.00. They now have a “market perform” rating on the stock.
  • 9/19/2019 – Home Depot was downgraded by analysts at DZ Bank AG from a “hold” rating to a “sell” rating.
  • 9/17/2019 – Home Depot was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating.
  • 9/13/2019 – Home Depot had its price target raised by analysts at Citigroup Inc from $246.00 to $269.00. They now have a “buy” rating on the stock.
  • 9/6/2019 – Home Depot was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/22/2019 – Home Depot had its price target raised by analysts at Morgan Stanley from $210.00 to $225.00. They now have an “overweight” rating on the stock.
  • 8/21/2019 – Home Depot had its price target raised by analysts at Robert W. Baird from $220.00 to $230.00. They now have an “outperform” rating on the stock.
  • 8/21/2019 – Home Depot had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $235.00 price target on the stock, up previously from $230.00.
  • 8/21/2019 – Home Depot had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $230.00 price target on the stock, up previously from $190.00.
  • 8/21/2019 – Home Depot had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 8/21/2019 – Home Depot had its price target raised by analysts at Loop Capital to $200.00. They now have a “hold” rating on the stock.
  • 8/21/2019 – Home Depot had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $208.00 price target on the stock.
  • 8/21/2019 – Home Depot was given a new $240.00 price target on by analysts at Argus. They now have a “buy” rating on the stock.
  • 8/21/2019 – Home Depot had its price target raised by analysts at Citigroup Inc from $218.00 to $246.00. They now have a “buy” rating on the stock.
  • 8/21/2019 – Home Depot had its price target raised by analysts at UBS Group AG from $215.00 to $240.00. They now have a “buy” rating on the stock.
  • 8/20/2019 – Home Depot had its price target raised by analysts at Royal Bank of Canada from $229.00 to $233.00. They now have an “outperform” rating on the stock.
  • 8/20/2019 – Home Depot was given a new $213.00 price target on by analysts at Credit Suisse Group AG. They now have a “neutral” rating on the stock.
  • 8/14/2019 – Home Depot had its price target raised by analysts at Wells Fargo & Co from $215.00 to $230.00. They now have an “outperform” rating on the stock.
  • 8/12/2019 – Home Depot had its price target raised by analysts at Stifel Nicolaus to $230.00. They now have a “buy” rating on the stock.

Shares of NYSE:HD traded up $2.36 during midday trading on Wednesday, reaching $229.03. The company’s stock had a trading volume of 136,247 shares, compared to its average volume of 4,128,015. The firm has a market cap of $249.62 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. Home Depot Inc has a 1 year low of $158.09 and a 1 year high of $235.49. The business has a 50 day moving average price of $226.72 and a 200 day moving average price of $208.94.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.18%. The business had revenue of $30.84 billion during the quarter, compared to the consensus estimate of $30.98 billion. During the same quarter in the previous year, the business earned $3.05 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that Home Depot Inc will post 10.11 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 55.01%.

In other Home Depot news, EVP Edward P. Decker sold 22,908 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the completion of the sale, the executive vice president now owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William G. Lennie sold 9,200 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total value of $2,024,460.00. Following the sale, the executive vice president now directly owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. In the last three months, insiders have sold 177,508 shares of company stock valued at $39,076,428. 0.27% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of HD. Enterprise Trust & Investment Co acquired a new position in shares of Home Depot during the third quarter worth about $27,000. Krane Funds Advisors LLC acquired a new position in shares of Home Depot during the second quarter worth about $25,000. Evolution Wealth Advisors LLC acquired a new position in shares of Home Depot during the second quarter worth about $31,000. MRA Associates USA LLC acquired a new position in shares of Home Depot during the second quarter worth about $34,000. Finally, Thor Advisors LLC acquired a new position in shares of Home Depot during the first quarter worth about $32,000. 69.92% of the stock is owned by hedge funds and other institutional investors.

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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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