Home Depot’s (HD) “Hold” Rating Reaffirmed at KeyCorp

KeyCorp reissued their hold rating on shares of Home Depot (NYSE:HD) in a research report released on Wednesday, TipRanks reports. KeyCorp also issued estimates for Home Depot’s Q2 2020 earnings at $3.08 EPS, Q3 2020 earnings at $2.54 EPS, FY2020 earnings at $10.16 EPS and FY2021 earnings at $10.90 EPS.

Other analysts also recently issued research reports about the company. ValuEngine downgraded Home Depot from a buy rating to a hold rating in a research note on Thursday, August 1st. SunTrust Banks restated a hold rating and set a $208.00 target price on shares of Home Depot in a research note on Wednesday. Gabelli downgraded Home Depot from a buy rating to a hold rating in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Credit Suisse Group set a $213.00 target price on Home Depot and gave the company a neutral rating in a research note on Tuesday. Finally, Wells Fargo & Co restated an outperform rating and set a $235.00 target price (up previously from $230.00) on shares of Home Depot in a research note on Wednesday. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $220.11.

NYSE:HD traded down $2.83 during mid-day trading on Wednesday, hitting $218.19. 1,153,237 shares of the company’s stock traded hands, compared to its average volume of 3,855,862. The firm has a 50 day moving average of $212.40 and a two-hundred day moving average of $199.39. Home Depot has a 12 month low of $158.09 and a 12 month high of $222.65. The firm has a market capitalization of $238.86 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 2.01 and a beta of 1.12.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The firm had revenue of $30.84 billion during the quarter, compared to the consensus estimate of $30.98 billion. During the same quarter in the prior year, the company earned $3.05 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts forecast that Home Depot will post 10.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.49%. Home Depot’s dividend payout ratio is currently 55.01%.

In other Home Depot news, EVP Matt Carey sold 34,688 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total value of $7,010,097.92. Following the completion of the sale, the executive vice president now owns 81,982 shares in the company, valued at approximately $16,567,742.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $194.38, for a total value of $1,652,230.00. Following the completion of the sale, the executive vice president now owns 13,357 shares of the company’s stock, valued at approximately $2,596,333.66. The disclosure for this sale can be found here. Insiders sold a total of 69,522 shares of company stock valued at $13,643,931 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Hayden Royal LLC purchased a new stake in shares of Home Depot in the fourth quarter valued at about $3,797,000. Conning Inc. grew its holdings in shares of Home Depot by 8.1% in the fourth quarter. Conning Inc. now owns 226,154 shares of the home improvement retailer’s stock valued at $38,858,000 after purchasing an additional 16,948 shares during the period. Nelson Roberts Investment Advisors LLC grew its holdings in shares of Home Depot by 15.4% in the fourth quarter. Nelson Roberts Investment Advisors LLC now owns 1,803 shares of the home improvement retailer’s stock valued at $310,000 after purchasing an additional 240 shares during the period. Pendal Group Ltd grew its holdings in shares of Home Depot by 112.1% in the fourth quarter. Pendal Group Ltd now owns 61,750 shares of the home improvement retailer’s stock valued at $10,610,000 after purchasing an additional 32,636 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC lifted its position in Home Depot by 9.0% in the fourth quarter. LeJeune Puetz Investment Counsel LLC now owns 10,762 shares of the home improvement retailer’s stock valued at $1,849,000 after buying an additional 885 shares during the last quarter. Institutional investors own 69.35% of the company’s stock.

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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Analyst Recommendations for Home Depot (NYSE:HD)

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