BTIG Research Reiterates Buy Rating for Home Depot, Inc. (The) (HD)

BTIG Research restated their buy rating on shares of Home Depot, Inc. (The) (NYSE:HD) in a report issued on Tuesday. They currently have a $175.00 target price on the home improvement retailer’s stock.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada set a $166.00 price objective on shares of Home Depot, Inc. (The) and gave the company a buy rating in a research report on Monday, May 15th. Jefferies Group LLC increased their price objective on shares of Home Depot, Inc. (The) from $167.00 to $182.00 and gave the company a buy rating in a research report on Friday, May 12th. Argus reissued a buy rating and issued a $180.00 price objective (up from $160.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Oppenheimer Holdings, Inc. set a $178.00 price objective on shares of Home Depot, Inc. (The) and gave the company a buy rating in a research report on Tuesday, May 16th. Finally, Robert W. Baird set a $175.00 price objective on shares of Home Depot, Inc. (The) and gave the company a buy rating in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $169.81.

Home Depot, Inc. (HD) opened at 147.49 on Tuesday. The firm has a 50-day moving average of $151.15 and a 200 day moving average of $150.06. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The firm has a market cap of $174.48 billion, a price-to-earnings ratio of 21.23 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.97 earnings per share. On average, equities research analysts forecast that Home Depot, Inc. will post $7.33 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be paid a $0.89 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.41%. Home Depot, Inc. (The)’s payout ratio is currently 51.15%.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total value of $1,633,270.80. Following the sale, the executive vice president now directly owns 64,810 shares in the company, valued at approximately $9,877,044. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Advantage Investment Management LLC bought a new stake in Home Depot, Inc. (The) during the fourth quarter worth $103,000. Westwood Holdings Group Inc. increased its stake in Home Depot, Inc. (The) by 96.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,720,516 shares of the home improvement retailer’s stock worth $230,687,000 after buying an additional 842,499 shares during the last quarter. Numeric Investors LLC increased its stake in Home Depot, Inc. (The) by 102.1% in the fourth quarter. Numeric Investors LLC now owns 175,200 shares of the home improvement retailer’s stock worth $23,491,000 after buying an additional 88,500 shares during the last quarter. Jarislowsky Fraser Ltd increased its stake in Home Depot, Inc. (The) by 56.8% in the fourth quarter. Jarislowsky Fraser Ltd now owns 168,965 shares of the home improvement retailer’s stock worth $22,654,000 after buying an additional 61,213 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. bought a new stake in Home Depot, Inc. (The) during the fourth quarter worth $131,000. Institutional investors own 71.27% 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.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

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