FY2018 EPS Estimates for Home Depot, Inc. (The) Lifted by Analyst (NYSE:HD)

Home Depot, Inc. (The) (NYSE:HD) – Equities research analysts at Jefferies Group upped their FY2018 EPS estimates for shares of Home Depot, Inc. (The) in a note issued to investors on Thursday. Jefferies Group analyst D. Binder now forecasts that the home improvement retailer will earn $7.22 per share for the year, up from their previous estimate of $7.21. Jefferies Group has a “Buy” rating and a $182.00 price objective 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 issued its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The business had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period last year, the company earned $1.44 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “FY2018 EPS Estimates for Home Depot, Inc. (The) Lifted by Analyst (NYSE:HD)” was first reported by Stock Observer and is the property of of Stock Observer. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.thestockobserver.com/2017/08/12/fy2018-eps-estimates-for-home-depot-inc-the-lifted-by-analyst-nysehd.html.

Other analysts also recently issued reports about the company. Atlantic Securities downgraded Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 price objective on the stock. in a research report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and issued a $178.00 price objective (up from $165.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Oppenheimer Holdings, Inc. set a $178.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Tuesday, May 16th. UBS AG restated a “buy” rating and issued a $175.00 price objective (up from $173.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $152.00 price objective on shares of Home Depot, Inc. (The) in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $164.72.

Shares of Home Depot, Inc. (HD) traded up 0.65% during mid-day trading on Friday, hitting $154.88. The company’s stock had a trading volume of 3,650,541 shares. The company has a market cap of $185.17 billion, a PE ratio of 23.18 and a beta of 1.08. The stock 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.

In other news, EVP William G. Lennie sold 31,239 shares of the 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 completion of the sale, the executive vice president now owns 46,294 shares in the company, valued at $7,197,328.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Craig A. Menear sold 90,661 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 240,090 shares of the company’s stock, valued at approximately $37,643,711.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,900 shares of company stock valued at $20,167,386. Insiders own 0.26% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. American Beacon Advisors Inc. acquired a new position in shares of Home Depot, Inc. (The) during the first quarter worth approximately $100,000. Jacobi Capital Management LLC increased its position in shares of Home Depot, Inc. (The) by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after buying an additional 101 shares in the last quarter. Riggs Asset Managment Co. Inc. increased its position in shares of Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares in the last quarter. CT Financial Advisors LLC increased its position in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares in the last quarter. Finally, Advantage Investment Management LLC acquired a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth approximately $103,000. Institutional investors and hedge funds own 71.52% of the company’s stock.

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)

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