Home Depot, Inc. (The) (HD) Receives “Outperform” Rating from BMO Capital Markets

BMO Capital Markets reaffirmed their outperform rating on shares of Home Depot, Inc. (The) (NYSE:HD) in a research note released on Tuesday.

Several other equities analysts also recently issued reports on HD. UBS AG restated a buy rating and issued a $175.00 price objective (up previously from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Jefferies Group LLC restated a buy rating and issued a $182.00 price objective on shares of Home Depot, Inc. (The) in a research note on Thursday, August 10th. Stifel Nicolaus restated a buy rating and issued a $178.00 price objective on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Telsey Advisory Group restated an outperform rating on shares of Home Depot, Inc. (The) in a research note on Friday, August 11th. Finally, Wedbush restated a market perform rating on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $169.86.

Shares of Home Depot, Inc. (NYSE:HD) opened at 158.40 on Tuesday. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $161.38. The firm has a market cap of $186.72 billion, a PE ratio of 22.80 and a beta of 1.07. The firm’s 50-day moving average price is $152.78 and its 200-day moving average price is $151.82.

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

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The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st were issued a $0.89 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a yield of 2.25%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

In other Home Depot, Inc. (The) news, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the transaction, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Matt Carey sold 32,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,717 shares of company stock valued at $8,916,321. 0.26% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of HD. Janus Henderson Group PLC increased its stake in shares of Home Depot, Inc. (The) by 2,013.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after purchasing an additional 3,162,631 shares in the last quarter. Boston Partners purchased a new position in shares of Home Depot, Inc. (The) during the 1st quarter worth approximately $326,895,000. Harbour Capital Advisors LLC increased its stake in shares of Home Depot, Inc. (The) by 15,121.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after purchasing an additional 1,852,784 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Home Depot, Inc. (The) by 43.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after purchasing an additional 1,734,963 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Home Depot, Inc. (The) during the 2nd quarter worth approximately $133,780,000. 71.45% of the stock is owned by institutional investors and hedge funds.

Home Depot, Inc. (The) Company Profile

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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