Home Depot (NYSE:HD) updated its FY 2020
Pre-Market earnings guidance on Tuesday. The company provided EPS guidance of 10.45-10.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $10.08. The company issued revenue guidance of $114.083-114.634 billion, compared to the consensus revenue estimate of $110.24 billion.Home Depot also updated its FY21 guidance to ~$10.45 EPS.
Several research firms have weighed in on HD. SunTrust Banks reiterated a hold rating and issued a $240.00 target price on shares of Home Depot in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $241.00 to $260.00 and gave the stock an overweight rating in a report on Wednesday. Cfra raised their price objective on shares of Home Depot from $230.00 to $255.00 and gave the stock a hold rating in a report on Tuesday. Raymond James raised their price objective on shares of Home Depot from $250.00 to $270.00 and gave the stock an outperform rating in a report on Wednesday. Finally, Nomura raised their price objective on shares of Home Depot from $224.00 to $240.00 and gave the stock a neutral rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $246.44.
Shares of NYSE:HD traded down $2.10 during midday trading on Wednesday, hitting $235.28. The stock had a trading volume of 6,962,613 shares, compared to its average volume of 3,386,937. The company’s 50-day moving average price is $234.53 and its 200-day moving average price is $227.15. The company has a market capitalization of $261.47 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01. Home Depot has a fifty-two week low of $179.52 and a fifty-two week high of $247.36.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.55%. This is a positive change from Home Depot’s previous quarterly dividend of $1.36. The ex-dividend date is Wednesday, March 11th. Home Depot’s payout ratio is presently 55.01%.
In other news, EVP Teresa Wynn Roseborough sold 12,974 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $213.70, for a total value of $2,772,543.80. Following the sale, the executive vice president now directly owns 26,335 shares of the company’s stock, valued at approximately $5,627,789.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Craig A. Menear sold 113,468 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the completion of the sale, the chief executive officer now directly owns 277,604 shares in the company, valued at $58,641,068.96. The disclosure for this sale can be found here. Insiders have sold a total of 126,552 shares of company stock worth $26,765,281 over the last three months. Insiders own 0.27% of the company’s stock.
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
Featured Article: What is Cost of Goods Sold (COGS)?
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.