Home Depot, Inc. (The) (HD) Given a $185.00 Price Target by Robert W. Baird Analysts

Robert W. Baird set a $185.00 price target on Home Depot, Inc. (The) (NYSE:HD) in a research note released on Tuesday. The firm currently has a buy rating on the home improvement retailer’s stock. The analysts noted that the move was a valuation call.

Several other analysts also recently weighed in on the stock. Oppenheimer Holdings, Inc. set a $178.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a research report on Tuesday. Bank of America Corporation boosted their price objective on shares of Home Depot, Inc. (The) from $170.00 to $190.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. KeyCorp began coverage on shares of Home Depot, Inc. (The) in a research report on Tuesday, November 7th. They set a sector weight rating for the company. Royal Bank Of Canada set a $179.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a research report on Monday, October 30th. Finally, Credit Suisse Group set a $171.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Home Depot, Inc. (The) presently has a consensus rating of Buy and an average target price of $175.66.

Home Depot, Inc. (NYSE HD) opened at $167.74 on Tuesday. Home Depot, Inc. has a 12 month low of $127.41 and a 12 month high of $168.43. The company has a quick ratio of 0.48, a current ratio of 1.30 and a debt-to-equity ratio of 6.87. The stock has a market cap of $197,450.00, a P/E ratio of 23.34, a P/E/G ratio of 1.71 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. Home Depot, Inc. (The) had a net margin of 8.66% and a return on equity of 217.61%. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. equities research analysts forecast that Home Depot, Inc. will post 7.34 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.89 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.12%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 49.38%.

In other news, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the transaction, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the transaction, the executive vice president now directly owns 33,147 shares in the company, valued at $4,984,977.33. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Several large investors have recently bought and sold shares of HD. Janus Henderson Group PLC grew its stake in shares of Home Depot, Inc. (The) by 2,013.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after purchasing an additional 3,162,631 shares during the period. Boston Partners acquired a new stake in Home Depot, Inc. (The) in the 1st quarter valued at about $326,895,000. Capital International Investors grew its stake in Home Depot, Inc. (The) by 132.5% in the 3rd quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock valued at $534,520,000 after acquiring an additional 1,862,134 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in Home Depot, Inc. (The) by 15,121.1% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock valued at $12,158,000 after acquiring an additional 1,852,784 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Home Depot, Inc. (The) by 43.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock valued at $841,602,000 after acquiring an additional 1,734,963 shares during the last quarter. 71.36% of the stock is currently owned by institutional investors and hedge funds.

About Home Depot, Inc. (The)

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.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

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