Home Depot (NYSE:HD) Downgraded by Edward Jones

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Edward Jones cut shares of Home Depot (NYSE:HD) from a buy rating to a hold rating in a report released on Monday morning, Briefing.com Automated Import reports.

Several other analysts also recently weighed in on HD. Wolfe Research assumed coverage on shares of Home Depot in a research report on Tuesday, October 8th. They set a buy rating and a $260.00 target price on the stock. Raymond James reissued an outperform rating and set a $250.00 target price on shares of Home Depot in a research report on Tuesday, October 8th. DZ Bank downgraded shares of Home Depot from a hold rating to a sell rating in a research report on Thursday, September 19th. Nomura assumed coverage on shares of Home Depot in a research report on Friday, November 8th. They set a neutral rating and a $240.00 target price on the stock. Finally, Robert W. Baird boosted their target price on shares of Home Depot from $220.00 to $230.00 and gave the stock an outperform rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $229.77.

Shares of Home Depot stock opened at $236.55 on Monday. The firm’s 50 day moving average price is $233.01 and its 200-day moving average price is $215.36. Home Depot has a 52-week low of $158.09 and a 52-week high of $238.99. The company has a market cap of $255.30 billion, a P/E ratio of 23.92, a PEG ratio of 2.32 and a beta of 1.04.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The firm had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. During the same quarter in the previous year, the firm earned $3.05 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Home Depot will post 10.12 earnings per share for the current fiscal year.

In other Home Depot news, EVP William G. Lennie sold 9,200 shares of Home Depot stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the sale, the executive vice president now directly owns 84,123 shares in the company, valued at approximately $18,511,266.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Carol B. Tome sold 145,400 shares of Home Depot stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $219.04, for a total transaction of $31,848,416.00. Following the sale, the chief financial officer now owns 496,374 shares of the company’s stock, valued at $108,725,760.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,508 shares of company stock valued at $39,076,428. Company insiders own 0.27% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nuveen Asset Management LLC raised its position in shares of Home Depot by 3,457.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock valued at $2,005,132,000 after acquiring an additional 9,370,409 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Home Depot by 0.5% in the second quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock valued at $1,731,916,000 after buying an additional 44,258 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Home Depot by 0.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock valued at $1,488,431,000 after buying an additional 25,410 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Home Depot by 26.4% in the third quarter. Fisher Asset Management LLC now owns 6,135,124 shares of the home improvement retailer’s stock valued at $1,423,472,000 after buying an additional 1,280,467 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Home Depot by 8.7% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 5,952,239 shares of the home improvement retailer’s stock valued at $1,632,392,000 after buying an additional 478,602 shares during the period. Hedge funds and other institutional investors own 69.96% 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 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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