Home Depot (NYSE:HD) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $9.31 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.32. The company issued revenue guidance of $107462.8 million, compared to the consensus revenue estimate of $107.09 billion.
Shares of Home Depot (NYSE:HD) traded down $0.94 during trading on Wednesday, hitting $177.41. 4,526,348 shares of the stock were exchanged, compared to its average volume of 6,180,000. The company has a market capitalization of $207,170.00, a PE ratio of 23.97, a PEG ratio of 1.38 and a beta of 1.14. Home Depot has a 52 week low of $144.25 and a 52 week high of $207.60. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.07. The company had revenue of $23.88 billion during the quarter, compared to analysts’ expectations of $23.65 billion. Home Depot had a net margin of 8.55% and a return on equity of 306.73%. Home Depot’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 earnings per share. equities analysts anticipate that Home Depot will post 9.44 EPS for the current year.
Home Depot announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 6th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
HD has been the subject of a number of recent research reports. Oppenheimer set a $178.00 target price on shares of Home Depot and gave the company a buy rating in a research report on Tuesday, November 14th. Robert W. Baird set a $185.00 target price on shares of Home Depot and gave the company a buy rating in a research report on Tuesday, November 14th. They noted that the move was a valuation call. Telsey Advisory Group upped their price objective on shares of Home Depot from $175.00 to $180.00 and gave the stock an outperform rating in a research report on Wednesday, November 15th. Royal Bank of Canada upped their price objective on shares of Home Depot from $183.00 to $186.00 and gave the stock an outperform rating in a research report on Wednesday, November 15th. Finally, UBS Group reaffirmed a buy rating and set a $186.00 price objective (up previously from $175.00) on shares of Home Depot in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $193.15.
In other news, Director Armando M. Codina acquired 6,650 shares of the stock in a transaction dated Friday, March 2nd. The stock was bought at an average price of $178.66 per share, with a total value of $1,188,089.00. Following the completion of the purchase, the director now directly owns 42,300 shares of the company’s stock, valued at approximately $7,557,318. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Edward P. Decker sold 17,660 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $187.32, for a total value of $3,308,071.20. Following the completion of the transaction, the executive vice president now directly owns 73,815 shares of the company’s stock, valued at approximately $13,827,025.80. The disclosure for this sale can be found here. Insiders sold 169,027 shares of company stock valued at $31,220,882 in the last three months. Company insiders own 0.26% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Jackson Grant Investment Advisers Inc. increased its stake in shares of Home Depot by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock valued at $253,000 after buying an additional 7 shares during the period. Mcdaniel Terry & Co. increased its position in Home Depot by 0.5% during the 2nd quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock valued at $257,000 after purchasing an additional 9 shares during the period. Highland Private Wealth Management increased its position in Home Depot by 1.7% during the 2nd quarter. Highland Private Wealth Management now owns 1,635 shares of the home improvement retailer’s stock valued at $251,000 after purchasing an additional 28 shares during the period. Baltimore Capital Management Inc. increased its position in Home Depot by 0.9% during the 2nd quarter. Baltimore Capital Management Inc. now owns 4,265 shares of the home improvement retailer’s stock valued at $654,000 after purchasing an additional 40 shares during the period. Finally, Autus Asset Management LLC increased its position in Home Depot by 2.5% during the 2nd quarter. Autus Asset Management LLC now owns 2,197 shares of the home improvement retailer’s stock valued at $337,000 after purchasing an additional 54 shares during the period. 70.63% of the stock is owned by institutional investors.
About Home Depot
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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