BidaskClub cut shares of Home Depot, Inc. (The) (NYSE:HD) from a hold rating to a sell rating in a research note published on Thursday, July 27th.
A number of other equities research analysts have also recently commented on the company. Stifel Nicolaus reissued a buy rating and issued a $178.00 target price (up from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Atlantic Securities cut Home Depot, Inc. (The) from an overweight rating to a neutral rating and set a $168.00 target price on the stock. in a research note on Thursday, May 11th. Oppenheimer Holdings, Inc. set a $178.00 target price on Home Depot, Inc. (The) and gave the stock a buy rating in a research note on Tuesday, May 16th. UBS AG reissued a buy rating and issued a $175.00 target price (up from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Finally, Sanford C. Bernstein reissued a market perform rating and issued a $152.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. Home Depot, Inc. (The) presently has an average rating of Buy and a consensus target price of $164.48.
Shares of Home Depot, Inc. (NYSE HD) opened at 153.35 on Thursday. The stock’s 50 day moving average is $151.74 and its 200 day moving average is $148.97. The firm has a market cap of $183.34 billion, a P/E ratio of 22.95 and a beta of 1.08. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86.
Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 earnings per share. Equities research analysts expect that Home Depot, Inc. will post $7.24 EPS for the current year.
In related news, EVP William G. Lennie sold 31,239 shares of the stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the completion of the sale, the executive vice president now owns 46,294 shares in the company, valued at $7,197,328.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne M. Hewett bought 350 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average price of $157.11 per share, with a total value of $54,988.50. Following the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $219,954. The disclosure for this purchase can be found here. Insiders sold 128,900 shares of company stock worth $20,167,386 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in HD. American Beacon Advisors Inc. acquired a new stake in Home Depot, Inc. (The) during the first quarter valued at about $100,000. Advantage Investment Management LLC acquired a new stake in Home Depot, Inc. (The) during the fourth quarter valued at about $103,000. Riggs Asset Managment Co. Inc. boosted its stake in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares in the last quarter. CT Financial Advisors LLC boosted its stake in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in Home Depot, Inc. (The) during the fourth quarter valued at about $131,000. Hedge funds and other institutional investors own 71.52% 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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