The Home Depot (HD) Given a $205.00 Price Target at Wells Fargo

Gladys Abbott
May 16, 2018

BMO Capital Markets maintained the stock with "Buy" rating in Tuesday, July 18 report.

A number of analysts recently commented on the stock.

In December, Home Depot laid out long-term goals of boosting annual sales to as much as $120 billion by 2020, from $100.9 billion past year. HD reached $187.96 during the last trading session after $3.12 change.The Home Depot, Inc. has 5.10M shares volume, 0.92% up from normal.

Home Depot's (HD) fortunes are so tightly intertwined with the housing market that they are often viewed as a proxy for the sector. Finally, Morgan Stanley set a $210.00 price target on The Home Depot and gave the company a "buy" rating in a research note on Wednesday, March 21st. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.46 average brokerage recommendation. The firm is having a distance of -3.06% form 20 day moving average, SMA 50 of -9.8% and an SMA 200 of -13.32%.

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Before April, things were better at Home Depot. Its EPS was $0.14 while outstanding shares of the company were 1.43B. The stock has a market capitalization of $217,738.48, a price-to-earnings ratio of 24.98, a PEG ratio of 1.49 and a beta of 1.15. (NYSE:HD). Moreover, First Advisors Lp has 0.14% invested in The Home Depot, Inc. The home improvement retailer reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.62 by $0.07. However, the revenue failed to beat the analyst consensus projection of $25,202 million. Since November 16, 2017 according to StockzIntelligence Inc Home Depot has 31 analyst reports. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The insider Menear Craig A sold 113,687 shares worth $20.89 million. Roseborough Teresa Wynn sold $1.97 million worth of stock or 10,916 shares. Following the acquisition, the director now owns 46,332 shares of the company's stock, valued at $8,260,532.28. The disclosure for this purchase can be found here. It is the second-best Dow performer over the past 30 days. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17.

Several other institutional investors and hedge funds have also modified their holdings of the company. Jennison Associates LLC increased its position in The Home Depot by 65.4% in the fourth quarter.

The Home Depot (hd) on Tuesday reported lower than expected comparable US sales, saying that the long winter had dented business in one of the rare instances in recent years the do-it-yourself chain has disappointed Wall Street. Capital International Investors increased its position in The Home Depot by 132.5% in the third quarter. HM Payson & Co. now owns 143,617 shares of the home improvement retailer's stock worth $23,490,000 after purchasing an additional 67,309 shares during the last quarter. Profitability merely is the capacity to make a profit, and a gain is what is left over from income earned after you have deducted all costs and expenses related to obtaining the income.

In terms of profitability for the year, the retailer expects to invest a significant portion of its operating margin back into improving its stores, enhancing customer experience and strengthening its supply chain, Chief Financial Officer Carol Tome said in an interview. "Some of these will be recaptured, possibly helping the next quarter, but many more impulse driven buys are likely to have been lost", writes Neil Saunders, Managing Director of GlobalData Retail, in his comment on the results. Finally, Dorsey & Whitney Trust CO LLC lifted its holdings in The Home Depot by 7.6% during the 3rd quarter.

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