Home Depot Updates FY20 Return On Invested Capital Target

Gladys Abbott
February 21, 2018

Earnings amounted to $1.69 a share, excluding some items, compared with a projection of $1.63. The firm had revenue of $23.88 billion during the quarter, compared to analyst estimates of $23.65 billion.

EPS growth estimate for this year is set at 18.00%.The earnings per share (EPS) formula is stated as earnings available to common shareholders divided by number of common stock shares outstanding. The business's revenue was up 7.5% compared to the same quarter a year ago. They expect $0.18 EPS, up 80.00% or $0.08 from last year's $0.1 per share. (NYSE:HD) for 18,254 shares. The Return on Investment (ROI) ratio of The Home Depot, Inc. Total debt to equity ratio of the company for most recent quarter is 0.03 while Long term debt to equity ratio for same time period is 0.03. Tompkins invested in 1.1% or 28,379 shares. This represents a $4.12 annualized dividend and a dividend yield of 2.18%. Moreover, Douglass Winthrop Advsr Ltd Liability Company has 0.3% invested in The Home Depot, Inc. Home Depot's payout ratio is now 49.38%. Nomura maintained the shares of BABA in report on Wednesday, August 12 with "Buy" rating.

In related news, EVP Matt Carey sold 41,396 shares of the company's stock in a transaction that occurred on Friday, December 8th. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.26% of the company's stock. It also increased its holding in Riverview Bancorp Inc (NASDAQ:RVSB) by 258,300 shares in the quarter, for a total of 859,000 shares, and has risen its stake in Western New Eng Bancorp Inc. Cincinnati Financial Corp who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $218.33B market cap company. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer's stock valued at $253,000 after acquiring an additional 7 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Home Depot by 6.3% in the third quarter. The stock increased 2.48% or $0.04 during the last trading session, reaching $1.6501. Home Depot stock has climbed about 30% since it reported its fourth-quarter results a year ago. (HD), Week Volatility is 1.95%, whereas Month Volatility is at 3.03%. Finally, BP PLC grew its position in Home Depot by 16.2% in the 2nd quarter.

"Our ongoing commitment to enhance the interconnected retail experience for our customers, provide localized and innovative product, and deliver best in class productivity resulted in record sales and net earnings for 2017", said Home Depot CEO and Craig Menear.

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Several analysts have issued reports on HD shares. The firm has "Outperform" rating given on Monday, December 7 by Telsey Advisory Group. Robert W. Baird restated an "outperform" rating and issued a $195.00 target price on shares of Home Depot in a research note on Thursday, November 30th. Home Depot has an average rating of "Buy" and an average target price of $190.34. Credit Suisse Group boosted their target price on shares of Home Depot from $183.00 to $222.00 and gave the company an "outperform" rating in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 1.9 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & global copyright and trademark legislation.

Among 33 analysts covering The Home Depot Inc.

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