Home Depot (NYSE:HD) Receives “Outperform” Rating from Raymond James

Raymond James reissued their outperform rating on shares of Home Depot (NYSE:HD) in a research note published on Tuesday, BenzingaRatingsTable reports. They currently have a $250.00 price target on the home improvement retailer’s stock.

HD has been the subject of several other reports. Citigroup boosted their price objective on shares of Home Depot from $246.00 to $269.00 and gave the company a buy rating in a research report on Friday, September 13th. DZ Bank cut shares of Home Depot from a hold rating to a sell rating in a research report on Thursday, September 19th. Wedbush reaffirmed a neutral rating and issued a $230.00 price target (up previously from $190.00) on shares of Home Depot in a research report on Wednesday, August 21st. Guggenheim cut shares of Home Depot from a buy rating to a neutral rating in a research report on Tuesday, September 17th. Finally, Wells Fargo & Co upped their price target on shares of Home Depot from $235.00 to $250.00 and gave the stock an outperform rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. Home Depot has an average rating of Buy and a consensus target price of $226.65.

Home Depot stock opened at $226.67 on Tuesday. The stock has a market cap of $249.62 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 2.23 and a beta of 1.05. Home Depot has a 1 year low of $158.09 and a 1 year high of $235.49. The firm has a 50-day moving average of $226.72 and a two-hundred day moving average of $208.94.



Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $0.10. The company had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a net margin of 10.18% and a negative return on equity of 6,597.69%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.05 EPS. On average, research analysts predict that Home Depot will post 10.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $1.36 per share. The ex-dividend date was Wednesday, September 4th. This represents a $5.44 dividend on an annualized basis and a yield of 2.40%. Home Depot’s payout ratio is 55.01%.

In related news, EVP Edward P. Decker sold 22,908 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the completion of the sale, the executive vice president now owns 87,343 shares of the company’s stock, valued at $19,839,962.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William G. Lennie sold 9,200 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the sale, the executive vice president now directly owns 84,123 shares of the company’s stock, valued at approximately $18,511,266.15. The disclosure for this sale can be found here. Insiders have sold 177,508 shares of company stock valued at $39,076,428 in the last three months. 0.27% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of HD. Pacific Wealth Strategies Group Inc. increased its stake in Home Depot by 4.3% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 13,671 shares of the home improvement retailer’s stock valued at $3,172,000 after purchasing an additional 564 shares in the last quarter. TIAA FSB increased its stake in Home Depot by 0.6% during the 3rd quarter. TIAA FSB now owns 173,429 shares of the home improvement retailer’s stock valued at $40,239,000 after purchasing an additional 1,040 shares in the last quarter. Northstar Investment Advisors LLC increased its stake in Home Depot by 9.1% during the 3rd quarter. Northstar Investment Advisors LLC now owns 88,734 shares of the home improvement retailer’s stock valued at $20,223,000 after purchasing an additional 7,418 shares in the last quarter. Berkshire Asset Management LLC PA acquired a new position in Home Depot during the 3rd quarter valued at approximately $1,688,000. Finally, Foundations Investment Advisors LLC acquired a new position in Home Depot during the 3rd quarter valued at approximately $643,000. 69.92% of the stock is owned by institutional investors.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Analyst Recommendations for Home Depot (NYSE:HD)

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