The Home Depot (NYSE:HD) – Wedbush cut their Q2 2019 earnings per share (EPS) estimates for The Home Depot in a research note issued to investors on Wednesday, May 16th. Wedbush analyst S. Basham now forecasts that the home improvement retailer will post earnings of $2.78 per share for the quarter, down from their previous estimate of $2.82. Wedbush has a “Hold” rating and a $190.00 price objective on the stock. Wedbush also issued estimates for The Home Depot’s FY2019 earnings at $9.38 EPS.

The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.03. The Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The business had revenue of $24.95 billion during the quarter, compared to analysts’ expectations of $25.17 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year.

HD has been the subject of a number of other reports. Credit Suisse Group set a $222.00 target price on shares of The Home Depot and gave the company a “buy” rating in a report on Wednesday, February 21st. Bank of America reaffirmed a “buy” rating and issued a $190.60 target price (down from $219.00) on shares of The Home Depot in a report on Tuesday, February 20th. Citigroup reaffirmed a “buy” rating and issued a $219.00 target price (up from $213.00) on shares of The Home Depot in a report on Wednesday, February 21st. Zacks Investment Research cut shares of The Home Depot from a “hold” rating to a “sell” rating in a report on Tuesday, April 24th. Finally, Morgan Stanley set a $210.00 target price on shares of The Home Depot and gave the company a “buy” rating in a report on Wednesday, March 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The Home Depot currently has an average rating of “Buy” and a consensus target price of $195.95.

Shares of NYSE:HD opened at $185.33 on Friday. The Home Depot has a one year low of $186.51 and a one year high of $189.07. The company has a debt-to-equity ratio of 14.37, a current ratio of 1.17 and a quick ratio of 0.38. The stock has a market capitalization of $217.65 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.22%. The Home Depot’s dividend payout ratio (DPR) is presently 55.23%.

In other The Home Depot news, Director Gregory D. Brenneman purchased 16,827 shares of the stock in a transaction dated Wednesday, March 21st. The shares were acquired at an average cost of $178.29 per share, for a total transaction of $3,000,085.83. Following the completion of the transaction, the director now directly owns 46,332 shares of the company’s stock, valued at $8,260,532.28. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark Holifield sold 45,549 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $186.84, for a total transaction of $8,510,375.16. Following the completion of the sale, the executive vice president now owns 51,879 shares in the company, valued at $9,693,072.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 214,576 shares of company stock valued at $39,731,257. 0.25% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Lucia Wealth Services LLC acquired a new stake in The Home Depot during the first quarter worth approximately $101,000. Ford Financial Group Inc. acquired a new stake in The Home Depot during the fourth quarter worth approximately $108,000. Earnest Partners LLC acquired a new stake in The Home Depot during the fourth quarter worth approximately $108,000. Institutional & Family Asset Management LLC acquired a new stake in The Home Depot during the first quarter worth approximately $108,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in The Home Depot during the fourth quarter worth approximately $112,000. Institutional investors and hedge funds own 70.73% of the company’s stock.

The Home Depot Company Profile

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

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