Royal Bank Of Canada Boosts Home Depot, Inc. (The) (HD) Price Target to $186.00
Home Depot, Inc. (The) (NYSE:HD) had its price target hoisted by Royal Bank Of Canada from $183.00 to $186.00 in a report released on Wednesday, Marketbeat reports. The brokerage currently has an outperform rating on the home improvement retailer’s stock.
Several other equities research analysts also recently commented on the company. Bank of America Corporation reissued a buy rating and issued a $170.00 price objective on shares of Home Depot, Inc. (The) in a report on Tuesday, September 5th. Vetr raised Home Depot, Inc. (The) from a buy rating to a strong-buy rating and set a $166.59 price objective for the company in a report on Monday, August 28th. Zacks Investment Research downgraded Home Depot, Inc. (The) from a buy rating to a hold rating in a report on Wednesday, August 30th. Credit Suisse Group set a $171.00 target price on Home Depot, Inc. (The) and gave the stock a buy rating in a report on Friday, October 13th. Finally, BidaskClub downgraded Home Depot, Inc. (The) from a hold rating to a sell rating in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $175.66.
Home Depot, Inc. (NYSE:HD) traded up $0.24 during midday trading on Wednesday, hitting $167.74. The stock had a trading volume of 4,520,609 shares, compared to its average volume of 4,404,358. The firm has a market cap of $197,450.00, a P/E ratio of 23.34, a PEG ratio of 1.71 and a beta of 1.08. The company has a current ratio of 1.30, a quick ratio of 0.48 and a debt-to-equity ratio of 6.87. Home Depot, Inc. has a 12 month low of $127.41 and a 12 month high of $168.43.
Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. Home Depot, Inc. (The) had a return on equity of 217.61% and a net margin of 8.66%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 EPS. equities analysts predict that Home Depot, Inc. will post 7.34 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Wednesday, November 29th. Home Depot, Inc. (The)’s dividend payout ratio is currently 49.38%.
In other Home Depot, Inc. (The) news, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $4,984,977.33. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. American Beacon Advisors Inc. bought a new stake in shares of Home Depot, Inc. (The) during the first quarter valued at approximately $100,000. Jacobi Capital Management LLC increased its holdings in shares of Home Depot, Inc. (The) by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its holdings in shares of Home Depot, Inc. (The) by 114.1% during the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after acquiring an additional 397 shares in the last quarter. Burt Wealth Advisors increased its holdings in shares of Home Depot, Inc. (The) by 83.5% during the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Home Depot, Inc. (The) by 63.4% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after acquiring an additional 340 shares in the last quarter. 71.36% of the stock is currently 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.
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