Brokers Set Expectations for Home Depot, Inc. (The)’s FY2018 Earnings (HD)

Home Depot, Inc. (The) (NYSE:HD) – Research analysts at Jefferies Group increased their FY2018 EPS estimates for shares of Home Depot, Inc. (The) in a research note issued on Thursday. Jefferies Group analyst D. Binder now anticipates that the home improvement retailer will earn $7.22 per share for the year, up from their previous estimate of $7.21. Jefferies Group currently has a “Buy” rating and a $182.00 target price on the stock. Jefferies Group also issued estimates for Home Depot, Inc. (The)’s FY2019 earnings at $8.24 EPS.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.06. The firm had revenue of $23.89 billion during the quarter, compared to analyst estimates of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. Home Depot, Inc. (The)’s 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. COPYRIGHT VIOLATION WARNING: “Brokers Set Expectations for Home Depot, Inc. (The)’s FY2018 Earnings (HD)” was posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://transcriptdaily.com/2017/08/13/brokers-set-expectations-for-home-depot-inc-thes-fy2018-earnings-hd.html.

A number of other brokerages have also commented on HD. Royal Bank Of Canada reiterated an “outperform” rating and issued a $176.00 price objective on shares of Home Depot, Inc. (The) in a research report on Friday, June 16th. Robert W. Baird set a $175.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Tuesday, April 25th. Vetr lowered Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price objective for the company. in a research report on Monday, June 19th. Finally, Atlantic Securities lowered 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have given a buy rating to the company’s stock. Home Depot, Inc. (The) presently has an average rating of “Buy” and a consensus price target of $164.72.

Home Depot, Inc. (NYSE HD) opened at 154.88 on Friday. The company has a 50-day moving average of $151.33 and a 200-day moving average of $149.61. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86. The company has a market cap of $185.17 billion, a price-to-earnings ratio of 23.18 and a beta of 1.08.

In other news, Director Wayne M. Hewett acquired 350 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of $157.11 per share, with a total value of $54,988.50. Following the acquisition, the director now directly owns 1,400 shares in the company, valued at approximately $219,954. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Craig A. Menear sold 90,661 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $156.79, for a total value of $14,214,738.19. Following the completion of the transaction, the chief executive officer now directly owns 240,090 shares in the company, valued at $37,643,711.10. The disclosure for this sale can be found here. Insiders have sold a total of 128,900 shares of company stock worth $20,167,386 over the last three months. 0.26% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Home Depot, Inc. (The) by 0.9% in the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after buying an additional 703,292 shares in the last quarter. State Street Corp raised its position in shares of Home Depot, Inc. (The) by 0.7% in the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock worth $8,185,463,000 after buying an additional 396,271 shares in the last quarter. Northern Trust Corp raised its position in shares of Home Depot, Inc. (The) by 1.3% in the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after buying an additional 222,958 shares in the last quarter. Norges Bank purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth approximately $1,502,692,000. Finally, Fisher Asset Management LLC raised its position in shares of Home Depot, Inc. (The) by 1.3% in the first quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock worth $1,270,050,000 after buying an additional 108,242 shares in the last quarter. 71.52% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Home Depot, Inc. (The) (NYSE:HD)

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.

Leave a Reply