Home Depot, Inc. (The) (HD) Given Consensus Recommendation of “Buy” by Brokerages

Home Depot, Inc. (The) (NYSE:HD) has been given a consensus rating of “Buy” by the twenty-eight brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and twenty have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $164.17.

HD has been the topic of several analyst reports. Robert W. Baird set a $175.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, May 17th. BMO Capital Markets set a $176.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, May 17th. Stifel Nicolaus restated a “buy” rating and set 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. Royal Bank Of Canada set a $166.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Monday, May 15th. Finally, BTIG Research raised their price target on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, May 15th.

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Shares of Home Depot, Inc. (NYSE:HD) traded up 0.84% during midday trading on Friday, hitting $155.17. 1,811,351 shares of the stock were exchanged. The firm’s 50-day moving average is $151.35 and its 200-day moving average is $149.49. The stock has a market cap of $185.51 billion, a price-to-earnings ratio of 23.22 and a beta of 1.08. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business earned $1.44 earnings per share. Equities research analysts predict that Home Depot, Inc. will post $7.25 earnings per share for the current year.

In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of Home Depot, Inc. (The) stock in a transaction dated 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 transaction, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at $7,197,328.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wayne M. Hewett bought 350 shares of Home Depot, Inc. (The) stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of $157.11 per share, for a total transaction of $54,988.50. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $219,954. The disclosure for this purchase can be found here. Insiders have sold 128,900 shares of company stock worth $20,167,386 over the last ninety days. 0.26% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Home Depot, Inc. (The) by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock worth $8,185,463,000 after buying an additional 396,271 shares during the period. Norges Bank bought a new stake in Home Depot, Inc. (The) during the fourth quarter worth about $1,502,692,000. Fisher Asset Management LLC increased its stake in Home Depot, Inc. (The) by 1.3% in the first quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock worth $1,270,050,000 after buying an additional 108,242 shares during the period. Alliancebernstein L.P. increased its stake in Home Depot, Inc. (The) by 1.1% in the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock worth $1,231,485,000 after buying an additional 84,750 shares during the period. Finally, Clearbridge Investments LLC increased its stake in Home Depot, Inc. (The) by 1.8% in the first quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock worth $1,158,533,000 after buying an additional 140,221 shares during the period. 71.52% of the stock is currently owned by institutional investors and hedge funds.

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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