Jefferies Group Equities Analysts Lift Earnings Estimates for Home Depot, Inc. (The) (HD)

Home Depot, Inc. (The) (NYSE:HD) – Equities researchers at Jefferies Group lifted their Q3 2018 earnings per share (EPS) estimates for shares of Home Depot, Inc. (The) in a research note issued on Tuesday. Jefferies Group analyst D. Binder now forecasts that the home improvement retailer will post earnings per share of $1.81 for the quarter, up from their previous estimate of $1.80. Jefferies Group has a “Buy” rating and a $182.00 price target on the stock. Jefferies Group also issued estimates for Home Depot, Inc. (The)’s Q4 2018 earnings at $1.57 EPS, FY2018 earnings at $7.30 EPS, FY2019 earnings at $8.25 EPS, FY2020 earnings at $9.06 EPS, FY2021 earnings at $10.19 EPS and FY2022 earnings at $11.44 EPS.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada set a $166.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Monday, May 15th. BTIG Research increased their target price on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a report on Monday, May 15th. Oppenheimer Holdings, Inc. set a $178.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, May 16th. Robert W. Baird set a $175.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Finally, BMO Capital Markets set a $176.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $169.81.

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Home Depot, Inc. (NYSE:HD) opened at 147.49 on Thursday. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The stock has a 50 day moving average price of $151.15 and a 200 day moving average price of $150.06. The company has a market cap of $174.48 billion, a P/E ratio of 21.23 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, topping the 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 the consensus estimate of $27.84 billion. During the same quarter last year, the company earned $1.97 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year.

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

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 10,717 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was 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 $9,877,044. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Home Depot, Inc. (The) during the fourth quarter worth $1,502,692,000. Janus Henderson Group PLC boosted its stake in Home Depot, Inc. (The) by 2,013.2% in the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after buying an additional 3,162,631 shares in the last quarter. Boston Partners acquired a new stake in Home Depot, Inc. (The) during the first quarter worth $326,895,000. Harbour Capital Advisors LLC boosted its stake in Home Depot, Inc. (The) by 15,121.1% in the second quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after buying an additional 1,852,784 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Home Depot, Inc. (The) by 43.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after buying an additional 1,734,963 shares in the last quarter. 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.

Earnings History and Estimates for Home Depot, Inc. (The) (NYSE:HD)




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