Guggenheim downgraded shares of Home Depot (NYSE:HD) from a buy rating to a neutral rating in a research report released on Tuesday morning, 24/7 WallStreet reports.

HD has been the topic of a number of other research reports. Argus set a $240.00 target price on Home Depot and gave the company a buy rating in a report on Wednesday, August 21st. Robert W. Baird lifted their target price on Home Depot from $220.00 to $230.00 and gave the company an outperform rating in a report on Wednesday, August 21st. SunTrust Banks reiterated a hold rating and issued a $208.00 target price on shares of Home Depot in a report on Wednesday, August 21st. Zacks Investment Research upgraded Home Depot from a sell rating to a hold rating in a report on Thursday, May 23rd. Finally, Citigroup lifted their target price on Home Depot from $246.00 to $269.00 and gave the company a buy rating in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $221.39.

HD stock opened at $224.67 on Tuesday. Home Depot has a 52-week low of $158.09 and a 52-week high of $235.49. The stock’s fifty day simple moving average is $219.47 and its 200-day simple moving average is $204.89. The stock has a market capitalization of $252.12 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The business had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. During the same quarter last year, the firm earned $3.05 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that Home Depot will post 10.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.42%. The ex-dividend date was Wednesday, September 4th. Home Depot’s dividend payout ratio (DPR) is presently 55.01%.

In other Home Depot news, EVP William G. Lennie sold 9,200 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total value of $2,024,460.00. Following the transaction, the executive vice president now directly owns 84,123 shares of the company’s stock, valued at $18,511,266.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Carol B. Tome sold 145,400 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the transaction, the chief financial officer now directly owns 496,374 shares in the company, valued at $108,725,760.96. The disclosure for this sale can be found here. Insiders sold 177,508 shares of company stock worth $39,076,428 over the last three months. 0.27% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in HD. Krane Funds Advisors LLC purchased a new stake in shares of Home Depot during the second quarter worth about $25,000. Evolution Wealth Advisors LLC bought a new stake in Home Depot in the second quarter valued at about $31,000. Virtus ETF Advisers LLC bought a new stake in Home Depot in the fourth quarter valued at about $32,000. Thor Advisors LLC bought a new stake in Home Depot in the first quarter valued at about $32,000. Finally, Enlightenment Research LLC bought a new stake in Home Depot in the fourth quarter valued at about $34,000. 69.92% of the stock is currently owned by institutional investors.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Analyst Recommendations for Home Depot (NYSE:HD)

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