Home Depot (NYSE:HD) Given New Price Target at Nomura

Home Depot (NYSE:HD) had its price target upped by Nomura from to in a research report released on Wednesday, The Fly reports. Nomura currently has a buy rating on the home improvement retailer’s stock.

HD has been the topic of a number of other research reports. Royal Bank of Canada lowered their price target on Home Depot from $246.00 to $232.00 and set an outperform rating on the stock in a research report on Thursday, December 12th. Credit Suisse Group lowered their price target on Home Depot from $255.00 to $215.00 and set an outperform rating on the stock in a research report on Wednesday. Wells Fargo & Co lowered their price target on Home Depot from $270.00 to $195.00 and set an overweight rating on the stock in a research report on Monday, March 23rd. Robert W. Baird restated a buy rating and set a $260.00 price target (up previously from $245.00) on shares of Home Depot in a research report on Tuesday, February 25th. Finally, Wedbush lowered their price target on Home Depot from $230.00 to $225.00 and set a neutral rating on the stock in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $238.84.

NYSE:HD traded down $2.61 during trading hours on Wednesday, hitting $178.70. 7,298,937 shares of the company’s stock traded hands, compared to its average volume of 6,559,854. The firm has a market cap of $191.98 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.60 and a beta of 0.98. Home Depot has a 52 week low of $140.63 and a 52 week high of $247.36. The business’s fifty day simple moving average is $212.43 and its two-hundred day simple moving average is $223.71.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $2.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.11 by $0.17. The company had revenue of $25.78 billion during the quarter, compared to analyst estimates of $25.78 billion. Home Depot had a negative return on equity of 599.49% and a net margin of 10.20%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $2.25 earnings per share. As a group, equities research analysts anticipate that Home Depot will post 10.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.36%. This is a boost from Home Depot’s previous quarterly dividend of $1.36. The ex-dividend date was Wednesday, March 11th. Home Depot’s payout ratio is presently 58.54%.

In other Home Depot news, EVP William G. Lennie sold 9,848 shares of Home Depot stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $234.34, for a total transaction of $2,307,780.32. Following the sale, the executive vice president now directly owns 37,995 shares of the company’s stock, valued at approximately $8,903,748.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of HD. Belmont Capital LLC bought a new stake in shares of Home Depot in the 4th quarter worth approximately $28,000. Litman Gregory Asset Management LLC boosted its position in shares of Home Depot by 2,042.9% in the 4th quarter. Litman Gregory Asset Management LLC now owns 150 shares of the home improvement retailer’s stock worth $33,000 after purchasing an additional 143 shares in the last quarter. Evolution Wealth Advisors LLC boosted its position in shares of Home Depot by 85.9% in the 4th quarter. Evolution Wealth Advisors LLC now owns 158 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 73 shares in the last quarter. John W. Brooker & Co. CPAs bought a new stake in shares of Home Depot in the 4th quarter worth approximately $37,000. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Home Depot by 17.1% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 202,813 shares of the home improvement retailer’s stock worth $44,000 after purchasing an additional 29,578 shares in the last quarter. 69.73% of the stock is currently owned by hedge funds and other institutional investors.

About Home Depot

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Analyst Recommendations for Home Depot (NYSE:HD)

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