Latest Stocks: Jefferies Group Equities Analysts Raise Earnings Estimates for Home Depot Inc (HD)

Latest Stocks: Jefferies Group Equities Analysts Raise Earnings Estimates for Home Depot Inc (HD)

A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a report on Tuesday, January 17th. BTIG Research raised their price target on Home Depot from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Wedbush restated a “neutral” rating and set a $145.00 price target on shares of Home Depot in a research note on Friday, February 10th. Morgan Stanley upgraded Home Depot from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $150.00 to $165.00 in a research note on Thursday, February 23rd. Finally, Vetr upgraded Home Depot from a “hold” rating to a “buy” rating and set a $152.86 price target on the stock in a research note on Thursday, February 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $155.49.

Home Depot Inc (NYSE:HD) – Equities research analysts at Jefferies Group lifted their Q1 2018 earnings per share estimates for Home Depot in a research note issued to investors on Friday. Jefferies Group analyst D. Binder now anticipates that the home improvement retailer will earn $1.63 per share for the quarter, up from their prior forecast of $1.61. Jefferies Group currently has a “Buy” rating and a $182.00 target price on the stock. Jefferies Group also issued estimates for Home Depot’s FY2018 earnings at $7.18 EPS, FY2019 earnings at $8.20 EPS, FY2020 earnings at $8.99 EPS, FY2021 earnings at $10.11 EPS and FY2022 earnings at $11.36 EPS.

A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded Home Depot from a “hold” rating to a “buy” rating and set a $151.00 price objective on the stock in a report on Tuesday, January 17th. BTIG Research raised their price target on Home Depot from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Wedbush restated a “neutral” rating and set a $145.00 price target on shares of Home Depot in a research note on Friday, February 10th. Morgan Stanley upgraded Home Depot from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $150.00 to $165.00 in a research note on Thursday, February 23rd. Finally, Vetr upgraded Home Depot from a “hold” rating to a “buy” rating and set a $152.86 price target on the stock in a research note on Thursday, February 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $155.49. Shares of Home Depot (NYSE:HD) traded down 1.01% during midday trading on Monday, hitting $156.66. The stock had a trading volume of 2,211,554 shares. The firm has a 50 day moving average price of $151.41 and a 200 day moving average price of $140.45. Home Depot has a one year low of $119.20 and a one year high of $160.86. The stock has a market cap of $188.45 billion, a PE ratio of 24.29 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The business had revenue of $23.89 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Hedge funds have recently bought and sold shares of the stock. CT Financial Advisors LLC boosted its position in shares of Home Depot by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of Home Depot by 0.4% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock valued at $241,000 after buying an additional 6 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. boosted its position in shares of Home Depot 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 valued at $400,000 after buying an additional 9 shares in the last quarter. Mcdaniel Terry & Co. boosted its position in shares of Home Depot by 0.5% in the first quarter. Mcdaniel Terry & Co. now owns 1,669 shares of the home improvement retailer’s stock valued at $245,000 after buying an additional 9 shares in the last quarter. Finally, Piershale Financial Group Inc. boosted its position in shares of Home Depot by 0.6% in the first quarter. Piershale Financial Group Inc. now owns 2,192 shares of the home improvement retailer’s stock valued at $322,000 after buying an additional 13 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

About Home Depot 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.

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