Home Depot, Inc. (The) (NYSE:HD) – Research analysts at Jefferies Group increased their FY2018 earnings per share (EPS) estimates for shares of Home Depot, Inc. (The) in a research note issued to investors on Thursday. Jefferies Group analyst D. Binder now expects that the home improvement retailer will post earnings per share of $7.22 for the year, up from their prior forecast of $7.21. 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 FY2019 earnings at $8.24 EPS.

Other equities analysts have also recently issued research reports about the stock. Atlantic Securities cut shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 price target on the stock. in a research report on Thursday, May 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $178.00 price target (up previously from $165.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Oppenheimer Holdings, Inc. set a $178.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Tuesday, May 16th. UBS AG reaffirmed a “buy” rating and issued a $175.00 price target (up previously from $173.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $152.00 price objective on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $164.72.

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Home Depot, Inc. (HD) traded up 0.45% during mid-day trading on Friday, hitting $154.57. The company had a trading volume of 2,662,804 shares. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86. The firm has a market capitalization of $184.80 billion, a PE ratio of 23.13 and a beta of 1.08. The company’s 50 day moving average price is $151.35 and its 200-day moving average price is $149.49.

Home Depot, Inc. (The) (NYSE:HD) last released its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.06. The business had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. Home Depot, Inc. (The)’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in HD. Numeric Investors LLC increased its position in shares of 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 valued at $23,491,000 after buying an additional 88,500 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of 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 valued at $230,687,000 after buying an additional 842,499 shares during the last quarter. Advantage Investment Management LLC purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $103,000. IFM Investors Pty Ltd purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $2,131,000. Finally, Heritage Way Advisors LLC purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at approximately $1,880,000. 71.52% of the stock is owned by hedge funds and other institutional investors.

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 7,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $156.56, for a total value of $1,095,920.00. Following the completion of the transaction, the executive vice president now directly owns 54,091 shares of the company’s stock, valued at approximately $8,468,486.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 31,239 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the completion of the transaction, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at $7,197,328.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,900 shares of company stock valued at $20,167,386. 0.26% of the stock is owned by insiders.

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.

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

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