Home Depot, Inc. (The) (HD) Given a $178.00 Price Target at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. set a $178.00 target price on Home Depot, Inc. (The) (NYSE:HD) in a research note published on Tuesday morning. The firm currently has a buy rating on the home improvement retailer’s stock. Oppenheimer Holdings also issued estimates for Home Depot, Inc. (The)’s Q2 2018 earnings at $2.22 EPS, Q3 2018 earnings at $1.80 EPS, Q4 2018 earnings at $1.58 EPS, FY2018 earnings at $7.23 EPS, FY2018 earnings at $7.30 EPS, FY2019 earnings at $8.12 EPS and FY2019 earnings at $8.16 EPS.

Several other brokerages have also recently weighed in on HD. Vetr cut Home Depot, Inc. (The) from a buy rating to a hold rating and set a $164.09 price target on the stock. in a research report on Monday, June 19th. BMO Capital Markets set a $176.00 price target on Home Depot, Inc. (The) and gave the company a buy rating in a research report on Wednesday, May 17th. Barclays PLC reiterated an overweight rating and set a $165.00 price target (up from $150.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. UBS AG reiterated a buy rating and set a $175.00 price target (up from $173.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Finally, Citigroup Inc. reiterated a buy rating and set a $179.00 price target (up from $168.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $169.81.

Shares of Home Depot, Inc. (NYSE:HD) opened at 147.49 on Tuesday. The firm’s 50-day moving average is $151.15 and its 200-day moving average is $150.06. The firm has a market capitalization of $174.48 billion, a P/E ratio of 21.23 and a beta of 1.08. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings results 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. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The firm had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. During the same period in the prior year, the business posted $1.97 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Equities analysts anticipate that Home Depot, Inc. will post $7.33 EPS for the current year.

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

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

Hedge funds have recently added to or reduced their stakes in the stock. Baystate Wealth Management LLC raised its stake in Home Depot, Inc. (The) by 155.7% in the first quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock worth $441,000 after buying an additional 1,831 shares during the period. Paragon Wealth Strategies LLC raised its stake in Home Depot, Inc. (The) by 18.7% in the first quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock worth $267,000 after buying an additional 286 shares during the period. Norges Bank bought a new stake in Home Depot, Inc. (The) during the fourth quarter worth $1,502,692,000. Farmers & Merchants Investments Inc. raised its stake in Home Depot, Inc. (The) by 5.9% in the first quarter. Farmers & Merchants Investments Inc. now owns 26,896 shares of the home improvement retailer’s stock worth $3,949,000 after buying an additional 1,500 shares during the period. Finally, McQueen Ball & Associates Inc. bought a new stake in Home Depot, Inc. (The) during the first quarter worth $226,000. 71.27% of the stock is owned by hedge funds and other institutional investors.

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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