Home Depot (NYSE:HD) PT Set at $185.00 by Robert W. Baird

Robert W. Baird set a $185.00 target price on Home Depot (NYSE:HD) in a research report report published on Tuesday, November 14th. The brokerage currently has a buy rating on the home improvement retailer’s stock. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued research reports about the stock. Jefferies Group restated a buy rating on shares of Home Depot in a research note on Monday, July 24th. Oppenheimer set a $178.00 price target on shares of Home Depot and gave the stock a buy rating in a research note on Tuesday, August 15th. Zacks Investment Research lowered shares of Home Depot from a buy rating to a hold rating in a research note on Wednesday, August 16th. Wedbush restated a market perform rating on shares of Home Depot in a research note on Wednesday, August 16th. Finally, Credit Suisse Group set a $171.00 price objective on shares of Home Depot and gave the company a buy rating in a research note on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $176.82.

Home Depot (HD) traded up $0.60 during trading on Tuesday, hitting $180.42. 4,682,482 shares of the company’s stock traded hands, compared to its average volume of 4,657,052. Home Depot has a 1 year low of $128.68 and a 1 year high of $180.67. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. The company has a market cap of $210,685.28, a PE ratio of 25.06, a P/E/G ratio of 1.83 and a beta of 1.11.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter last year, the firm earned $1.60 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. sell-side analysts expect that Home Depot will post 7.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Wednesday, November 29th. Home Depot’s dividend payout ratio is currently 49.44%.

In other news, EVP Matt Carey sold 32,000 shares of Home Depot 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

A number of institutional investors have recently bought and sold shares of HD. American Beacon Advisors Inc. purchased a new position in shares of Home Depot in the first quarter valued at about $100,000. Jacobi Capital Management LLC increased its position in shares of Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares during the period. Riggs Asset Managment Co. Inc. increased its position in shares of Home Depot by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after acquiring an additional 397 shares during the period. Burt Wealth Advisors increased its position in shares of Home Depot by 83.5% in the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its position in shares of Home Depot by 63.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after acquiring an additional 340 shares during the period. 69.70% of the stock is owned by institutional investors and hedge funds.

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About Home Depot

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 (NYSE:HD)

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