Home Depot, Inc. (The) (HD) Downgraded to “Hold” at Vetr Inc.

Vetr cut shares of Home Depot, Inc. (The) (NYSE:HD) from a buy rating to a hold rating in a research report released on Monday, August 7th. The firm currently has $159.21 target price on the home improvement retailer’s stock.

HD has been the topic of several other reports. 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 research note on Friday, May 5th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a hold rating to a buy rating and set a $169.00 price objective on the stock in a research note on Wednesday, July 12th. Jefferies Group LLC boosted their price objective on shares of Home Depot, Inc. (The) from $167.00 to $182.00 and gave the company a buy rating in a research note on Friday, May 12th. 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 research note on Tuesday, May 2nd. Finally, Morgan Stanley reissued an overweight rating and issued a $173.00 price objective (up from $165.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $169.81.

Shares of Home Depot, Inc. (NYSE HD) opened at 147.49 on Monday. The stock has a 50 day moving average of $151.15 and a 200-day moving average of $150.06. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The firm has a market cap of $174.48 billion, a price-to-earnings ratio of 21.23 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. Home Depot, Inc. (The)’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.97 EPS. Equities analysts anticipate that Home Depot, Inc. will post $7.33 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be issued a $0.89 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $3.56 dividend on an annualized basis and a yield of 2.41%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is 51.15%.

In other news, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the transaction, the executive vice president now directly owns 64,810 shares in the company, valued at approximately $9,877,044. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. American Beacon Advisors Inc. bought a new position in shares of Home Depot, Inc. (The) during the first quarter valued at $100,000. Advantage Investment Management LLC bought a new position in shares of Home Depot, Inc. (The) during the fourth quarter valued at $103,000. Jacobi Capital Management LLC raised its position in shares of Home Depot, Inc. (The) by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in shares of Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares during the last quarter. Finally, CT Financial Advisors LLC raised its position in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares during the last quarter. Institutional investors and hedge funds own 71.27% 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.

To view Vetr’s full report, visit Vetr’s official website.

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