Several brokerages have updated their recommendations and price targets on shares of Home Depot, Inc. (The) (NYSE: HD) in the last few weeks:

  • 8/10/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $182.00 price target on the stock.
  • 8/9/2017 – Home Depot, Inc. (The) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $165.39 price target on the stock.
  • 8/7/2017 – Home Depot, Inc. (The) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $159.21 price target on the stock.
  • 7/27/2017 – Home Depot, Inc. (The) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2017 – Home Depot, Inc. (The) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $164.18 price target on the stock.
  • 7/24/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 7/20/2017 – Home Depot, Inc. (The) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $164.18 price target on the stock.
  • 7/12/2017 – Home Depot, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $169.00 price target on the stock. According to Zacks, “Home Depot has outperformed the broader industry in the last three months, owing to consistent gains from improving customer experience, solid execution and consistent housing market recovery. These factors helped the company post earnings surprise in first-quarter fiscal 2017, retaining the four-year long trend of beating earnings estimates. Results gained from growth across its interconnected platform as well as all regions. The company’s relentless focus on affording innovative products, boosting interconnected customer experience and driving productivity seems to be paying off. Moreover, the company raised earnings guidance for fiscal 2017 while retaining the sales view. However, intense competition and a soft economic recovery may prove deterrents, pushing back home improvement projects. Moreover, the company’s significant exposure to international markets makes it vulnerable to currency headwinds.”
  • 7/12/2017 – Home Depot, Inc. (The) had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $152.00 price target on the stock.
  • 6/23/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $182.00 price target on the stock.
  • 6/22/2017 – Home Depot, Inc. (The) had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 6/19/2017 – Home Depot, Inc. (The) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $164.09 price target on the stock.
  • 6/16/2017 – Home Depot, Inc. (The) had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $176.00 price target on the stock.

Shares of Home Depot, Inc. (HD) opened at 153.88 on Friday. The firm has a market capitalization of $183.97 billion, a P/E ratio of 23.03 and a beta of 1.08. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The company’s 50-day moving average price is $151.35 and its 200-day moving average price is $149.49.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.06. The firm had revenue of $23.89 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.44 EPS. On average, equities research analysts expect that Home Depot, Inc. will post $7.25 EPS for the current fiscal year.

In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $155.47, for a total value of $4,856,727.33. Following the transaction, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Craig A. Menear sold 90,661 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the completion of the transaction, the chief executive officer now directly owns 240,090 shares in the company, valued at $37,643,711.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,900 shares of company stock worth $20,167,386. Insiders own 0.26% of the company’s stock.

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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