Home Depot, Inc. (The) (NYSE:HD) Receives Buy Rating from Jefferies Group LLC

Home Depot, Inc. (The) (NYSE:HD)‘s stock had its “buy” rating reaffirmed by Jefferies Group LLC in a report issued on Monday, July 24th.

A number of other analysts have also weighed in on the company. Vetr upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $164.18 target price on the stock in a research note on Thursday, July 20th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $152.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $176.00 price target on shares of Home Depot, Inc. (The) in a research note on Friday, June 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $164.72.

Shares of Home Depot, Inc. (NYSE:HD) traded up 0.65% on Monday, reaching $154.88. 3,650,541 shares of the company’s stock were exchanged. The stock has a market cap of $185.17 billion, a price-to-earnings ratio of 23.18 and a beta of 1.08. The company’s 50 day moving average is $151.33 and its 200-day moving average is $149.61. Home Depot, Inc. has a one year low of $119.20 and a one year high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last released its 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. 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 for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. On average, analysts anticipate that Home Depot, Inc. will post $7.25 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Home Depot, Inc. (The) (NYSE:HD) Receives Buy Rating from Jefferies Group LLC” was published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.thestockobserver.com/2017/08/12/home-depot-inc-the-nysehd-given-buy-rating-at-jefferies-group-llc-updated-updated.html.

In related news, EVP Ann Marie Campbell sold 7,000 shares of Home Depot, Inc. (The) stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the completion of the sale, the executive vice president now owns 54,091 shares of the company’s stock, valued at $8,468,486.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig A. Menear sold 90,661 shares of Home Depot, Inc. (The) stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total value of $14,214,738.19. Following the sale, the chief executive officer now directly 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. Insiders have sold 128,900 shares of company stock valued at $20,167,386 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 during the last quarter. Jackson Grant Investment Advisers Inc. increased its position in shares of Home Depot, Inc. (The) by 0.4% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock worth $241,000 after buying an additional 6 shares during the last quarter. Mascoma Wealth Management LLC increased its position in shares of Home Depot, Inc. (The) by 0.6% in the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after buying an additional 7 shares during the last quarter. Paragon Wealth Strategies LLC increased its position in shares of Home Depot, Inc. (The) by 0.4% in the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after buying an additional 7 shares during the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. increased its position in shares of Home Depot, Inc. (The) by 0.3% in the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock worth $400,000 after buying an additional 9 shares during the last quarter. 71.52% of the stock is owned by institutional investors.

Home Depot, Inc. (The) Company Profile

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.

Analyst Recommendations 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