The Home Depot Inc. (NYSE:HD)‘s stock had its “hold” rating reissued by research analysts at Argus in a note issued to investors on Friday. They currently have a $154.00 price objective on the home improvement retailer’s stock. Argus’ price objective indicates a potential upside of 21.94% from the company’s current price.

Several other analysts also recently weighed in on HD. Citigroup Inc. upgraded The Home Depot to a “buy” rating and set a $152.00 price objective for the company in a research report on Thursday, May 19th. Vetr upgraded The Home Depot from a “buy” rating to a “strong-buy” rating and set a $147.57 price objective for the company in a research report on Thursday, May 19th. Topeka Capital Markets initiated coverage on The Home Depot in a research report on Monday, May 23rd. They issued a “buy” rating and a $158.00 price objective for the company. BTIG Research initiated coverage on The Home Depot in a research report on Wednesday, June 1st. They issued a “buy” rating and a $155.00 price objective for the company. Finally, Jefferies Group reiterated a “buy” rating and issued a $156.00 price objective on shares of The Home Depot in a research report on Wednesday, June 15th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The Home Depot has a consensus rating of “Buy” and an average price target of $147.36.

Analyst Recommendations for The Home Depot (NYSE:HD)

The Home Depot (NYSE:HD) opened at 126.29 on Friday. The stock has a 50 day moving average of $133.78 and a 200 day moving average of $132.65. The Home Depot has a 12-month low of $109.62 and a 12-month high of $139.00. The firm has a market cap of $156.04 billion, a PE ratio of 21.38 and a beta of 0.91.

The Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 16th. The home improvement retailer reported $1.97 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.97. The business earned $26.47 billion during the quarter, compared to analyst estimates of $26.47 billion. The Home Depot had a return on equity of 110.52% and a net margin of 8.08%. The Home Depot’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 earnings per share. On average, equities research analysts anticipate that The Home Depot will post $6.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Tuesday, August 30th. The Home Depot’s dividend payout ratio (DPR) is currently 46.54%.

In other news, EVP Teresa Wynn Roseborough sold 11,671 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $136.03, for a total value of $1,587,606.13. Following the transaction, the executive vice president now owns 44,107 shares of the company’s stock, valued at $5,999,875.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy M. Crow sold 49,392 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $135.06, for a total value of $6,670,883.52. Following the completion of the transaction, the executive vice president now directly owns 224,905 shares in the company, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Roffman Miller Associates Inc. PA increased its stake in shares of The Home Depot by 1.3% in the second quarter. Roffman Miller Associates Inc. PA now owns 167,663 shares of the home improvement retailer’s stock valued at $21,409,000 after buying an additional 2,097 shares during the period. AXA increased its stake in shares of The Home Depot by 2.4% in the first quarter. AXA now owns 770,870 shares of the home improvement retailer’s stock valued at $102,857,000 after buying an additional 17,802 shares during the period. Commonwealth Equity Services Inc increased its stake in shares of The Home Depot by 2.3% in the first quarter. Commonwealth Equity Services Inc now owns 293,161 shares of the home improvement retailer’s stock valued at $39,117,000 after buying an additional 6,528 shares during the period. Lodestar Investment Counsel LLC IL increased its stake in shares of The Home Depot by 3.4% in the second quarter. Lodestar Investment Counsel LLC IL now owns 7,704 shares of the home improvement retailer’s stock valued at $984,000 after buying an additional 252 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of The Home Depot by 5.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 149,124 shares of the home improvement retailer’s stock valued at $19,041,000 after buying an additional 7,400 shares during the period. 71.97% of the stock is currently owned by hedge funds and other institutional investors.

The 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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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