The Home Depot Inc (HD) Stock Rating Lowered by Atlantic Securities

The Home Depot Inc (HD) Stock Rating Lowered by Atlantic Securities

HD has been the subject of a number of other research reports. Sanford C. Bernstein started coverage on Home Depot in a report on Monday, February 6th. They issued a market perform rating and a $141.00 price target for the company. Wedbush reaffirmed a neutral rating and issued a $145.00 price target on shares of Home Depot in a report on Wednesday, February 22nd. Morgan Stanley raised Home Depot from an equal weight rating to an overweight rating and upped their price target for the stock from $150.00 to $165.00 in a report on Thursday, February 23rd. Vetr upgraded Home Depot from a hold rating to a buy rating and set a $153.35 price objective for the company in a research note on Monday, April 10th. Finally, Zacks Investment Research lowered Home Depot from a buy rating to a hold rating in a research note on Thursday, January 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $163.26.

Atlantic Securities lowered shares of Home Depot Inc (NYSE:HD) from an overweight rating to a neutral rating in a research report report published on Thursday, May 11th. They currently have $168.00 price target on the home improvement retailer’s stock.

Shares of Home Depot (HD) opened at 155.35 on Thursday. The stock has a market cap of $185.73 billion, a price-to-earnings ratio of 23.25 and a beta of 1.09. Home Depot has a one year low of $119.20 and a one year high of $160.86. The company has a 50-day moving average price of $154.46 and a 200 day moving average price of $143.07. Home Depot (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 analysts’ consensus estimates of $1.61 by $0.06. The company had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. Home Depot’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 EPS. Equities research analysts expect that Home Depot will post $7.24 earnings per share for the current year.

Shares of Home Depot (HD) opened at 155.35 on Thursday. The stock has a market cap of $185.73 billion, a price-to-earnings ratio of 23.25 and a beta of 1.09. Home Depot has a one year low of $119.20 and a one year high of $160.86. The company has a 50-day moving average price of $154.46 and a 200 day moving average price of $143.07. The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.29%. The ex-dividend date is Tuesday, May 30th. Home Depot’s dividend payout ratio (DPR) is presently 44.66%.

In other news, Director Wayne M. Hewett acquired 350 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $157.11 per share, with a total value of $54,988.50. Following the completion of the acquisition, the director now owns 1,400 shares in the company, valued at approximately $219,954. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP William G. Lennie sold 31,239 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the transaction, the executive vice president now directly owns 46,294 shares in the company, valued at approximately $7,197,328.18. The disclosure for this sale can be found here. Insiders sold 128,900 shares of company stock worth $20,167,386 in the last three months. 0.26% of the stock is currently owned by corporate insiders. Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Home Depot by 3.3% in the first quarter. Vanguard Group Inc. now owns 79,714,018 shares of the home improvement retailer’s stock valued at $11,704,408,000 after buying an additional 2,551,507 shares during the last quarter. BlackRock Inc. raised its position in shares of Home Depot by 2,323.7% in the first quarter. BlackRock Inc. now owns 76,944,987 shares of the home improvement retailer’s stock valued at $11,297,834,000 after buying an additional 73,770,247 shares during the last quarter. State Street Corp raised its position in shares of Home Depot by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock valued at $8,185,463,000 after buying an additional 396,271 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Home Depot by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 33,849,590 shares of the home improvement retailer’s stock valued at $4,355,765,000 after buying an additional 338,536 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Home Depot by 2.7% in the third quarter. BlackRock Fund Advisors now owns 17,214,514 shares of the home improvement retailer’s stock valued at $2,215,164,000 after buying an additional 453,490 shares during the last quarter. 71.53% of the stock is currently owned by institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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