Home Depot Inc (NYSE:HD) – Equities research analysts at Oppenheimer issued their Q1 2019 earnings per share estimates for Home Depot in a report issued on Friday. Oppenheimer analyst B. Nagel forecasts that the home improvement retailer will earn $2.12 per share for the quarter. Oppenheimer has a “Buy” rating on the stock. Oppenheimer also issued estimates for Home Depot’s Q2 2019 earnings at $2.90 EPS, Q3 2019 earnings at $2.36 EPS, Q4 2019 earnings at $2.24 EPS and FY2020 earnings at $10.20 EPS.
A number of other analysts have also weighed in on the stock. Bank of America reiterated a “buy” rating and issued a $190.60 price objective (down previously from $219.00) on shares of Home Depot in a research note on Tuesday. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Tuesday, February 6th. Jefferies Group restated a “buy” rating and set a $223.00 price target on shares of Home Depot in a research report on Monday, February 5th. Stifel Nicolaus raised their price target on shares of Home Depot from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Credit Suisse Group raised their price target on shares of Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $190.34.
Home Depot (NYSE HD) traded up $0.90 during trading hours on Monday, hitting $187.87. 6,035,186 shares of the stock were exchanged, compared to its average volume of 5,375,643. The firm has a market capitalization of $219,290.00, a price-to-earnings ratio of 26.05, a P/E/G ratio of 1.36 and a beta of 1.08. Home Depot has a 1 year low of $143.25 and a 1 year high of $207.60. 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 released its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.07. The firm had revenue of $23.88 billion for the quarter, compared to analyst estimates of $23.65 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.44 earnings per share.
Several large investors have recently bought and sold shares of the company. Atlantic Trust LLC increased its position in Home Depot by 12.8% during the second quarter. Atlantic Trust LLC now owns 20,332 shares of the home improvement retailer’s stock worth $3,119,000 after purchasing an additional 2,309 shares during the last quarter. APG Asset Management N.V. increased its position in Home Depot by 6.3% during the third quarter. APG Asset Management N.V. now owns 2,242,180 shares of the home improvement retailer’s stock worth $366,731,000 after purchasing an additional 133,300 shares during the last quarter. IFP Advisors Inc increased its position in Home Depot by 3.0% during the second quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock worth $11,295,000 after purchasing an additional 2,133 shares during the last quarter. Smithfield Trust Co. increased its position in Home Depot by 0.3% during the second quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock worth $1,287,000 after purchasing an additional 25 shares during the last quarter. Finally, BP PLC increased its position in Home Depot by 16.2% during the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock worth $27,459,000 after purchasing an additional 25,000 shares during the last quarter. 70.36% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Matt Carey sold 41,396 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.
Home Depot announced that its board has initiated a stock buyback program on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.19%. This is an increase from Home Depot’s previous quarterly dividend of $0.89. Home Depot’s dividend payout ratio (DPR) is presently 49.38%.
Home Depot 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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