Home Depot, Inc. (The) (HD) Given Buy Rating at Stifel Nicolaus

Home Depot, Inc. (The) (NYSE:HD)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a research report issued on Wednesday, May 17th. They currently have a $178.00 price target on the home improvement retailer’s stock, up from their prior price target of $165.00. Stifel Nicolaus’ target price points to a potential upside of 13.64% from the stock’s previous close.

Several other research analysts have also issued reports on HD. BTIG Research upped their target price on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research report on Tuesday, January 17th. Atlantic Securities lowered shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 target price for the company. in a research report on Thursday, May 11th. Wedbush reiterated a “neutral” rating and issued a $145.00 target price on shares of Home Depot, Inc. (The) in a research report on Friday, February 10th. Finally, Jefferies Group LLC upped their target price on shares of Home Depot, Inc. (The) from $167.00 to $182.00 and gave the stock a “buy” rating in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $163.89.

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

Shares of Home Depot, Inc. (HD) traded down 0.08% during midday trading on Wednesday, hitting $156.64. The company’s stock had a trading volume of 9,105,408 shares. The firm has a market cap of $187.27 billion, a P/E ratio of 23.44 and a beta of 1.10. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The stock’s 50 day moving average is $155.49 and its 200-day moving average is $144.83. Home Depot, Inc. (The) also was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 14,245 put options on the stock. This is an increase of approximately 156% compared to the average volume of 5,555 put options.

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, topping the 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. Equities analysts predict that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Tuesday, May 30th. Home Depot, Inc. (The)’s dividend payout ratio is 53.29%.

ILLEGAL ACTIVITY WARNING: This article was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.themarketsdaily.com/2017/06/16/stifel-nicolaus-reaffirms-buy-rating-for-home-depot-inc-hd-updated-updated-updated.html.

In other news, EVP William G. Lennie sold 31,239 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the sale, the executive vice president now owns 46,294 shares in the company, valued at $7,197,328.18. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Craig A. Menear sold 90,661 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 240,090 shares in the company, valued at approximately $37,643,711.10. The disclosure for this sale can be found here. Insiders have sold 128,900 shares of company stock valued at $20,167,386 in the last ninety days. Insiders own 0.26% of the company’s stock.

A number of large investors have recently modified their holdings of HD. American Beacon Advisors Inc. bought a new stake in shares of Home Depot, Inc. (The) during the first quarter valued at about $100,000. Kistler Tiffany Companies LLC boosted its stake in shares of Home Depot, Inc. (The) by 18.5% in the first quarter. Kistler Tiffany Companies LLC now owns 686 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 107 shares in the last quarter. Advantage Investment Management LLC bought a new stake in shares of Home Depot, Inc. (The) during the fourth quarter valued at about $103,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Home Depot, Inc. (The) 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 buying an additional 397 shares in the last quarter. Finally, CT Financial Advisors LLC boosted its stake in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Institutional investors own 72.44% of the company’s stock.

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.

Receive News & Ratings for Home Depot Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply