Home Depot, Inc. (The)’s (HD) “Overweight” Rating Reiterated at Barclays PLC

Home Depot, Inc. (The) (NYSE:HD)‘s stock had its “overweight” rating restated by equities researchers at Barclays PLC in a note issued to investors on Wednesday, May 17th. They presently have a $165.00 price objective on the home improvement retailer’s stock, up from their previous price objective of $150.00. Barclays PLC’s target price would suggest a potential upside of 5.34% from the company’s current price.

A number of other brokerages have also issued reports on HD. Wedbush reiterated a “neutral” rating and set a $145.00 target price on shares of Home Depot, Inc. (The) in a research report on Wednesday, February 22nd. Vetr upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $153.35 price objective on the stock in a report on Monday, April 10th. Robert W. Baird set a $175.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a report on Tuesday, April 25th. Finally, Telsey Advisory Group increased their price objective on shares of Home Depot, Inc. (The) from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Home Depot, Inc. (The) currently has an average rating of “Buy” and an average target price of $163.89.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

Home Depot, Inc. (NYSE HD) traded down 0.08% during mid-day trading on Wednesday, hitting $156.64. The stock had a trading volume of 9,105,408 shares. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86. The company has a 50-day moving average of $155.49 and a 200-day moving average of $144.83. The firm has a market cap of $187.27 billion, a PE ratio of 23.44 and a beta of 1.10.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The company had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same period in the prior year, the business earned $1.44 earnings per share. Home Depot, Inc. (The)’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Home Depot, Inc. will post $7.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Tuesday, May 30th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is currently 53.29%.

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In other Home Depot, Inc. (The) news, Director Wayne M. Hewett bought 350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $157.11 per share, with a total value of $54,988.50. Following the completion of the transaction, the director now owns 1,400 shares in the company, valued at $219,954. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction 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 disclosure for this sale can be found here. In 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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of Home Depot, Inc. (The) by 2,323.7% in the first quarter. BlackRock Inc. now owns 76,944,987 shares of the home improvement retailer’s stock worth $11,297,834,000 after buying an additional 73,770,247 shares in the last quarter. Norges Bank purchased a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth approximately $1,502,692,000. Vanguard Group Inc. boosted its stake in shares of Home Depot, Inc. (The) by 3.3% in the first quarter. Vanguard Group Inc. now owns 79,714,018 shares of the home improvement retailer’s stock worth $11,704,408,000 after buying an additional 2,551,507 shares in the last quarter. Boston Partners purchased a new stake in shares of Home Depot, Inc. (The) during the first quarter worth approximately $326,895,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Home Depot, Inc. (The) by 912.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,216,934 shares of the home improvement retailer’s stock worth $297,415,000 after buying an additional 1,997,868 shares in the last quarter. 72.44% of the stock is owned by institutional investors and hedge funds.

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.

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