Home Depot Inc (NYSE:HD) – Investment analysts at Wedbush boosted their FY2019 earnings estimates for shares of Home Depot in a report released on Wednesday, November 14th. Wedbush analyst S. Basham now expects that the home improvement retailer will post earnings of $9.76 per share for the year, up from their previous forecast of $9.44. Wedbush also issued estimates for Home Depot’s Q1 2020 earnings at $2.23 EPS, Q2 2020 earnings at $3.21 EPS, Q3 2020 earnings at $2.44 EPS, Q4 2020 earnings at $2.27 EPS, FY2020 earnings at $10.15 EPS and FY2021 earnings at $10.80 EPS.

Several other brokerages also recently issued reports on HD. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “sell” rating in a research report on Tuesday, October 16th. Credit Suisse Group cut their price objective on Home Depot from $204.00 to $194.00 and set a “neutral” rating for the company in a research report on Thursday, November 15th. Deutsche Bank cut their price objective on Home Depot from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Citigroup lifted their price objective on Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, August 10th. Finally, Wells Fargo & Co restated a “buy” rating and set a $230.00 price objective on shares of Home Depot in a research report on Sunday, September 16th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Home Depot has an average rating of “Buy” and an average price target of $204.16.

Shares of Home Depot stock opened at $169.05 on Monday. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.09 and a quick ratio of 0.28. Home Depot has a 1 year low of $167.00 and a 1 year high of $215.43. The company has a market cap of $202.54 billion, a P/E ratio of 22.66, a P/E/G ratio of 1.36 and a beta of 1.26.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The firm had revenue of $26.30 billion during the quarter, compared to the consensus estimate of $26.23 billion. During the same period in the previous year, the firm posted $1.84 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be issued a $1.03 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $4.12 annualized dividend and a yield of 2.44%. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.

In related news, Director Manuel Kadre acquired 2,000 shares of the stock in a transaction dated Wednesday, November 14th. The stock was bought at an average cost of $177.48 per share, with a total value of $354,960.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $354,960. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Craig A. Menear sold 117,327 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the sale, the chief executive officer now directly owns 264,970 shares of the company’s stock, valued at $47,805,887.40. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amussen Hunsaker Associates LLC purchased a new stake in Home Depot during the 2nd quarter worth $107,000. Lucia Wealth Services LLC purchased a new stake in Home Depot during the 1st quarter worth $101,000. CSat Investment Advisory L.P. purchased a new stake in Home Depot during the 2nd quarter worth $112,000. Mainstay Capital Management LLC ADV boosted its position in Home Depot by 203.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 597 shares of the home improvement retailer’s stock worth $116,000 after purchasing an additional 400 shares during the period. Finally, RPg Family Wealth Advisory LLC boosted its position in Home Depot by 84.6% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 600 shares of the home improvement retailer’s stock worth $117,000 after purchasing an additional 275 shares during the period. 69.52% 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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Earnings History and Estimates for Home Depot (NYSE:HD)

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