Home Depot Inc (NYSE:HD) – G.Research decreased their FY2021 EPS estimates for shares of Home Depot in a report issued on Wednesday, August 14th, Zacks Investment Research reports. G.Research analyst A. Lacayo now expects that the home improvement retailer will post earnings of $10.95 per share for the year, down from their prior estimate of $11.00.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating the Zacks’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. During the same quarter in the prior year, the company posted $3.05 earnings per share. Home Depot’s revenue for the quarter was up 1.2% compared to the same quarter last year.
Several other equities analysts have also commented on HD. SunTrust Banks reiterated a “hold” rating and issued a $208.00 price target on shares of Home Depot in a research note on Wednesday, August 21st. ValuEngine raised Home Depot from a “hold” rating to a “buy” rating in a report on Friday. Argus set a $240.00 price objective on Home Depot and gave the company a “buy” rating in a report on Wednesday, August 21st. Citigroup increased their price target on Home Depot from $218.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Robert W. Baird increased their price target on Home Depot from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $220.11.
NYSE HD traded up $2.98 during trading hours on Thursday, reaching $231.13. The company had a trading volume of 3,136,419 shares, compared to its average volume of 4,422,194. The stock has a market capitalization of $249.86 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 2.11 and a beta of 1.05. Home Depot has a 1-year low of $158.09 and a 1-year high of $231.37. The stock has a 50-day moving average of $215.23 and a 200 day moving average of $202.16.
Several hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in Home Depot by 1.6% during the 2nd quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock worth $635,000 after purchasing an additional 49 shares in the last quarter. First Command Financial Services Inc. increased its position in Home Depot by 0.9% during the 2nd quarter. First Command Financial Services Inc. now owns 5,608 shares of the home improvement retailer’s stock worth $1,167,000 after purchasing an additional 50 shares in the last quarter. Canton Hathaway LLC increased its position in Home Depot by 4.3% during the 2nd quarter. Canton Hathaway LLC now owns 1,202 shares of the home improvement retailer’s stock worth $250,000 after purchasing an additional 50 shares in the last quarter. Mercer Capital Advisers Inc. increased its position in Home Depot by 1.9% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 2,730 shares of the home improvement retailer’s stock worth $568,000 after purchasing an additional 50 shares in the last quarter. Finally, Benin Management CORP increased its position in Home Depot by 2.0% during the 2nd quarter. Benin Management CORP now owns 2,591 shares of the home improvement retailer’s stock worth $539,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.
In other Home Depot news, EVP William G. Lennie sold 9,200 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $220.05, for a total value of $2,024,460.00. Following the completion of the sale, the executive vice president now owns 84,123 shares of the company’s stock, valued at $18,511,266.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Edward P. Decker sold 22,908 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $227.15, for a total value of $5,203,552.20. Following the completion of the sale, the executive vice president now directly owns 87,343 shares of the company’s stock, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. In the last three months, insiders sold 212,196 shares of company stock valued at $46,086,526. 0.27% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Wednesday, September 4th. Home Depot’s dividend payout ratio (DPR) is currently 55.01%.
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.