The largest home-improvement retailer is benefiting from a yearslong rebound in housing prices that has made homeowners more willing to spend on their properties because they see them as a sound investment.
A number of other research analysts have also recently weighed in on HD.
If Home Depot Inc.'s results are any indication, Americans are showing no sign of putting down their tool belts. The ex-dividend date is Tuesday, March 7th. Zacks Investment Research downgraded Home Depot, Inc. The firm presently has an "outperform" rating on the home improvement retailer's stock. Vetr downgraded Home Depot, Inc.
According to Yahoo Finance, the price target for the company which analysts are aiming is 8.
After Home Depotreported third-quarter results in November, management expressed optimism about the housing market, saying "we believe home price appreciation, housing turnover, household formation and the aging housing stock in the USA continue to support growth in our business". (The) in a research report on Tuesday, November 15th. Home Depot, Inc. (The) has an average rating of Buy and a consensus target price of $145.79. Vanguard Group Inc is the second biggest holder with 77 million shares now valued at 9.88 B million whilst State Street Corp has 54 million shares valued at 6.89 B million. (NYSE:HD) opened at 141.54 on Thursday. (NYSE:HD) has 1.22 Billion shares outstanding and 1.22 Billion shares were floated in market. (NYSE:HD) stock is presently standing at about $143.00 and lots of equity research firms seem to have a target price set on the stock.
The company forecast that sales this year would rise 4.6 percent, which would work out to revenue of about $99 billion, and that profit would hit $7.13 a share.
The Atlanta, Georgia-based company said it expects 2017 sales to increase by 4.6 percent, which translates to $98.95 billion. While the actual EPS the company reported in the same quarter previous year was 0.07/share.
With home prices up over the course of the last few years, more consumers were willing to invest in remodeling and home repairs, experts have said.
Burger King, the hamburger fast food restaurants chain agreed to acquire Popeyes for $79 per share in cash or $1.8 billion, a premium of 27% on 30-trading day volume weighted average price as of February 10. The stock has been active on the tape, now trading at $143.00, up from yesterday's close by 1.03%. This represents a $3.56 annualized dividend and a yield of 2.45%. Home Depot, Inc. (The)'s dividend payout ratio is 44.66%.
I wrote this article myself, and it expresses my own opinions. If you are viewing this story on another domain, it was stolen and reposted in violation of USA & worldwide trademark and copyright legislation. (NYSE:HD) reported its Actual EPS of $1.44. For FY'17, the retailer indicated buybacks to the tune of $5 billion out of the latest authorization of $15 billion by the company's board.
Analysts on average had expected $1.34 per share. The insider owns 16,502,041 shares which have current market value of around $2359791863.Milledge A. Hart, III is another major inside shareholder in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Home Depot, Inc. (The) by 3.4% in the fourth quarter. Wedbush restated a neutral rating and issued a $145.00 price target on shares of Home Depot, Inc. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $1.57 to $1.66. Cable Hill Partners LLC raised its stake in Home Depot, Inc. (The) by 1.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 120,276 shares of the home improvement retailer's stock valued at $15,359,000 after buying an additional 41,547 shares in the last quarter. Finally, Harvest Fund Management Co. This is a positive change from Home Depot, Inc. (The) by 14,902.0% in the fourth quarter. On 7th Day after earnings release, The Home Depot, Inc.