Additionally on 2/23/17 Morgan Stanley "Upgrades" Home Depot (NYSE:HD) to Overweight setting price target at $0 and on 2/07/17 Bernstein "Initiates Coverage On" the stock to Market Perform at $0. Campbell Ann Marie sold $1.02M worth of Home Depot Inc (NYSE:HD) on Monday, February 27. Several institutional investors have recently added to or reduced their stakes in HD. Finally, CT Financial Advisors LLC raised its position in Home Depot 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 during the last quarter. Westpac Bk Corp has invested 0% in Home Depot Inc (NYSE:HD). Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 161,722 shares of the home improvement retailer's stock valued at $162,000 after buying an additional 160,644 shares during the last quarter. Advantage Investment Management LLC acquired a new stake in Home Depot during the fourth quarter valued at about $103,000. Cullen Frost Bankers Inc. now owns 280,235 shares of the home improvement retailer's stock worth $36,061,000 after buying an additional 890 shares during the period. Texas-based Next Grp has invested 0% in Home Depot Inc (NYSE:HD). Newman Dignan & Sheerar Inc. now owns 3,622 shares of the home improvement retailer's stock valued at $532,000 after buying an additional 24 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Home Depot by 90.4% in the third quarter. The fund owned 74,429 shares of the home improvement retailer's stock after selling 120 shares during the period. Hedge funds and other institutional investors own 71.53% of the company's stock. BTIG Research upped their price objective on Home Depot from $155.00 to $175.00 and gave the company a "buy" rating in a report on Monday. $143.18's average target is -8.23% below currents $156.02 stock price. The Kentucky-based Atlas Browninc has invested 0.28% in Home Depot Inc (NYSE:HD). The company's current price-earnings ratio amounts to 23.35 times earnings, above the average P/E ratio of 22.88 times earnings.
Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 16th. (HD) is $160.29/share according to the consensus of analysts working on the stock, with an expected EPS of $2.21/share for the current quarter. Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The business had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same quarter in the prior year, the company posted $1.44 EPS.
While considering growth estimates of the company, it has next quarter growth estimates of 11.9% whereas during current quarter it has 12.2% estimations over growth, comparing to the estimations of 12.2% during current year and 13.1% for next year.
Receive News & Ratings for Home Depot Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot Inc and related companies with MarketBeat.com's FREE daily email newsletter. Shareholders of record on Thursday, June 1st will be paid a $0.89 dividend. Over the past 2 quarters, the stock is up 26.59%, compared with a gain of almost 10.67% for 3 months and about 5.76% for the past 30 days. Home Depot's payout ratio is 44.66%. Moreover, Ardevora Asset Management Limited Liability Partnership has 0.88% invested in Home Depot Inc (NYSE:HD). If you are viewing this story on another publication, it was illegally stolen and reposted in violation of USA & global copyright legislation. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/05/19/home-depot-inc-hd-rating-reiterated-by-argus.html.
Other research analysts also recently issued reports about the stock. Credit Suisse Group AG set a $163.00 target price on Home Depot and gave the company a "buy" rating in a report on Tuesday, May 2nd. Stifel Nicolaus restated a "buy" rating and set a $178.00 target price (up from $165.00) on shares of Home Depot in a research report on Wednesday.