Telsey Advisory Group Just Issued "Outperform" Rating on Home Depot Inc (HD)


This Company belongs to Retail-Wholesale sector. Following the completion of the transaction, the director now owns 31,095 shares of the company's stock, valued at approximately $4,038,307.65. This figure excludes results from stores recently opened or closed. The Closing Price of the stock before earnings was $133.24 while on the Next day the stock closed its trading session at $129.95 with a percentage change of -2.47% from the price of 133.24 before Earnings. The 1-year price target of the company is 4.99. Finally, Jefferies Group LLC reiterated a "buy" rating and issued a $149.00 price target on shares of Home Depot, Inc. (The) (NASDAQ:HD), 14 rate it "Buy", 9 "Outperform", 10 "Underperform", 0 "Sell", while 0 "Hold". Its price to free cash flow for trailing twelve months is 35.15 and Current ratio for most recent quarter of 1.30. (The)'s previous quarterly dividend of $0.69. Aviance Capital Management LLC now owns 13,044 shares of the home improvement retailer's stock valued at $1,666,000 after buying an additional 308 shares in the last quarter.

In its fiscal fourth quarter, Home Depot finished the rollout of what it calls Buy Online Deliver From Store (BODFS) capabilities, which let Home Depot pull from physical store inventory to fulfill online orders. Hence, the surprise factor was -50 percent.

Bernstein analysts provided their view on The Home Depot, Inc. Analysts projected revenue to be $98.5 billion and profit to be $7.16 a share.

Analysts are speculating a 15.85% move, based on the high target price ($168) for the shares that is set to reach in the next 12 months. The median estimate represents a -0.64% decrease from the last price of 4.68.

The restaurants operator forecasted revenues in the year of about $2.95 billion and reaffirmed diluted earnings per share between $8.10 and $8.25.

Home Depot, the world's largest home improvement chain, reported a 5.8 percent rise in quarterly sales on Tuesday as more customers visited its stores in the United States, and said it would repurchase share worth $15 billion.

Home improvement giant The Home Depot Inc. continues to bring in big sales gains online and offline, as it reports strong returns on investments aimed at linking its stores with its online business. The firm now has a $155.00 price target on the home improvement retailer's stock. The company has a market cap of $176.66 billion, a P/E ratio of 23.54 and a beta of 1.09. Royal Bank Of Canada boosted their price objective on shares of Home Depot, Inc. The next year's growth is calculated to be 12.2 percent.

Despite the post-election rise in mortgage rates that has made buying a home more expensive, the backdrop for Home Depot and other companies tied to the USA housing recovery such as appliance maker Whirlpool (WHR) remains favorable.



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