Home Depot (HD) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird restated their outperform rating on shares of Home Depot (NYSE:HD) in a report released on Thursday morning, The Fly reports. The brokerage currently has a $195.00 price objective on the home improvement retailer’s stock.

HD has been the subject of a number of other reports. Zacks Investment Research raised shares of Home Depot from a hold rating to a buy rating and set a $167.00 price target for the company in a report on Thursday, August 24th. Bank of America upped their price target on shares of Home Depot from $170.00 to $190.00 and gave the company a buy rating in a report on Wednesday, November 8th. Longbow Research reissued a buy rating and issued a $175.00 price target on shares of Home Depot in a report on Monday, August 14th. BidaskClub downgraded shares of Home Depot from a hold rating to a sell rating in a report on Wednesday, August 23rd. Finally, Barclays set a $165.00 price objective on shares of Home Depot and gave the company a buy rating in a research note on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Home Depot currently has an average rating of Buy and a consensus target price of $177.22.

Shares of Home Depot (NYSE HD) opened at $180.42 on Thursday. The firm has a market cap of $210,685.28, a PE ratio of 25.06, a P/E/G ratio of 1.83 and a beta of 1.11. Home Depot has a 1-year low of $128.68 and a 1-year high of $180.67. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 earnings per share. analysts forecast that Home Depot will post 7.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be issued a $0.89 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a yield of 1.97%. Home Depot’s dividend payout ratio is currently 49.44%.

In related news, EVP Matt Carey sold 32,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares in the company, valued at $9,816,079.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Home Depot by 0.9% in the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock valued at $12,336,016,000 after acquiring an additional 703,292 shares during the period. State Street Corp boosted its position in shares of Home Depot by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after acquiring an additional 396,271 shares during the period. Capital Research Global Investors boosted its position in shares of Home Depot by 0.9% in the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock valued at $3,071,943,000 after acquiring an additional 170,139 shares during the period. Northern Trust Corp boosted its position in shares of Home Depot by 1.3% in the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock valued at $2,659,010,000 after acquiring an additional 222,958 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Home Depot by 1.1% in the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock valued at $1,231,485,000 after acquiring an additional 84,750 shares during the period. Institutional investors own 70.37% of the company’s stock.

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About Home Depot

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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