Home Depot, Inc. (The) (HD) Stock Rating Lowered by Atlantic Securities

Atlantic Securities lowered shares of Home Depot, Inc. (The) (NYSE:HD) from an overweight rating to a neutral rating in a research report released on Thursday, May 11th, MarketBeat Ratings reports. The firm currently has $168.00 target price on the home improvement retailer’s stock.

A number of other analysts also recently issued reports on the stock. BTIG Research boosted their price objective on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a buy rating in a report on Friday, May 5th. Credit Suisse Group set a $163.00 price objective on shares of Home Depot, Inc. (The) and gave the company a buy rating in a report on Tuesday, May 2nd. Royal Bank of Canada reissued a buy rating and issued a $158.00 price objective on shares of Home Depot, Inc. (The) in a report on Tuesday, May 2nd. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a hold rating to a buy rating and set a $170.00 price objective for the company in a report on Tuesday, April 25th. Finally, Vetr downgraded shares of Home Depot, Inc. (The) from a buy rating to a hold rating and set a $153.61 price objective for the company. in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $163.89.

Shares of Home Depot, Inc. (HD) traded down 0.08% during midday trading on Thursday, reaching $156.64. 9,105,408 shares of the company were exchanged. The stock has a 50-day moving average price of $155.49 and a 200 day moving average price of $144.83. The company has a market capitalization of $187.27 billion, a P/E ratio of 23.44 and a beta of 1.10. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. Home Depot, Inc. (The) also was the target of unusually large options trading activity on Wednesday. Investors bought 14,245 put options on the stock. This is an increase of approximately 156% compared to the average daily volume of 5,555 put options.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the consensus estimate of $1.61 by $0.06. The business had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. Home Depot, Inc. (The)’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.44 EPS. Equities research analysts expect that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.

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

In other Home Depot, Inc. (The) news, EVP Ann Marie Campbell sold 7,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred 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 sale, the executive vice president now directly owns 54,091 shares in the company, valued at $8,468,486.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP William G. Lennie sold 31,239 shares of Home Depot, Inc. (The) stock in a transaction that occurred 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 sale, the executive vice president now owns 46,294 shares of the company’s stock, valued at $7,197,328.18. The disclosure for this sale can be found here. Insiders have sold 128,900 shares of company stock valued at $20,167,386 in the last quarter. Company insiders own 0.26% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. increased its position in Home Depot, Inc. (The) by 90.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 13,525 shares of the home improvement retailer’s stock valued at $1,740,000 after buying an additional 6,422 shares during the period. Sanders Morris Harris Inc. increased its position in Home Depot, Inc. (The) by 1.2% in the third quarter. Sanders Morris Harris Inc. now owns 4,935 shares of the home improvement retailer’s stock valued at $635,000 after buying an additional 57 shares during the period. Alpha Cubed Investments LLC increased its position in Home Depot, Inc. (The) by 17.9% in the third quarter. Alpha Cubed Investments LLC now owns 52,410 shares of the home improvement retailer’s stock valued at $6,744,000 after buying an additional 7,955 shares during the period. YHB Investment Advisors Inc. increased its position in Home Depot, Inc. (The) by 5.5% in the third quarter. YHB Investment Advisors Inc. now owns 36,370 shares of the home improvement retailer’s stock valued at $4,680,000 after buying an additional 1,907 shares during the period. Finally, Roffman Miller Associates Inc. PA increased its position in Home Depot, Inc. (The) by 0.3% in the third quarter. Roffman Miller Associates Inc. PA now owns 168,211 shares of the home improvement retailer’s stock valued at $21,645,000 after buying an additional 548 shares during the period. Institutional investors and hedge funds own 72.44% of the company’s stock.

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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