The retailer reiterated earlier earnings and sales growth forecasts for the current year.
The average Wall Street analyst rating for The Home Depot, Inc.is Strong Buy, according to the average of 22 analyst scores.
Home Depot ( HD ) approved a $15 billion share buyback and set a new long-term sales target Wednesday, following similar repurchase moves from Bank of America ( BAC ) and Mastercard ( MA ). The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.81 by $0.03. The business had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The company's revenue for the quarter was up 8.1% compared to the same quarter past year. They expect $0.96 EPS, up 4.35% or $0.04 from last year's $0.92 per share. It depends on 5 financial ratios, which can be calculated from data found on a firm's annual 10K report. Commerce Bank acquired 5,315 shares as Visa Inc (V)'s stock rose 5.74%. (NYSE:HD) as Buy, 0 analysts given Outperform signal, 3 reported Hold, and 0 analysts rated the stock as Sell. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Home Depot in a research report on Friday, August 11th. Waters Parkerson And Lc reported 220,834 shares or 3.13% of all its holdings. Veritable LP stated it has 0.28% in The Home Depot, Inc. The analysts, on average, are forecasting a $180.07 price target, but the stock is already up 42.1% from its recent lows.
In other news, CEO Craig A. Menear sold 90,661 shares of the business's stock in a transaction on Wednesday, May 17th. Overall, the share price is up 36.37% so far this year. Montag & Caldwell Ltd Co owns 1.48M shares. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
The stock increased 0.19% or $0.13 during the last trading session, reaching $68.1. It increased, as 38 investors sold HD shares while 632 reduced holdings. The figure tells us what earnings were generated from invested capital of The Home Depot, Inc. The Massachusetts-based Liberty Mutual Gru Asset Incorporated has invested 0.49% in The Home Depot, Inc. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer's stock worth $108,000 after acquiring an additional 101 shares during the last quarter. Nomura Holding invested in 254,280 shares. Burt Wealth Advisors now owns 870 shares of the home improvement retailer's stock valued at $142,000 after buying an additional 396 shares during the last quarter.
The Home Depot, Inc.
What Historical Figures Say About The Home Depot, Inc. Following the transaction, the chief executive officer now owns 240,090 shares of the company's stock, valued at $37,643,711.10. (NYSE:HD). Chevy Chase Tru holds 0.77% of its portfolio in The Home Depot, Inc. The company's stock had a trading volume of 6,891,094 shares, compared to its average volume of 4,459,036. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. The Stock has its 52-week High of $186.31 and 52-Week Low of $128.68 and it touched its 52-week high on 12/04/17 and 52-Week Low on 12/07/16.
The Piotroski score is a discrete score ranging from 0-9 that shows nine criteria used to find out the strength of a company's financial position.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Finally, SunTrust Banks upped their price target on shares of Home Depot to $167.00 and gave the stock a "hold" rating in a research report on Wednesday, November 15th. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 2.04%.
The Home Depot, Inc (The Home Depot) is a home improvement retailer. What's more, home value appreciation, the biggest source of demand for Home Depot, continues to rise quickly. (NYSE:HD) or 11,406 shares. If you are reading this news story on another domain, it was illegally copied and reposted in violation of U.S. & global trademark and copyright law. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.