Home Depot Inc (HD) is Reiterated by Wedbush to Outperform, Raises Price Target to $ 145

Home Depot Inc (HD) was Reiterated by Wedbush to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 145 from a previous price target of $140 . Wedbush advised their investors in a research report released on Aug 17, 2016.

Many Wall Street Analysts have commented on Home Depot Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 155 from a previous price target of $150 .Stifel Resumed Home Depot Inc on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $157.Nomura Upgraded Home Depot Inc on Jun 23, 2016 to ” Buy”, Price Target of the shares are set at $155.

On the company’s financial health, Home Depot Inc reported $1.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $1.97. The company had revenue of $26472.00 million for the quarter, compared to analysts expectations of $26489.16 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS.

Home Depot Inc opened for trading at $137.11 and hit $137.97 on the upside on Monday, eventually ending the session at $137.06, with a gain of 0.36% or 0.49 points. The heightened volatility saw the trading volume jump to 63,27,437 shares. Company has a market cap of $170,504 M.

In a different news, on Jun 1, 2016, Wayne M. Hewett (director) purchased 350 shares at $132.53 per share price. According to the SEC, on May 20, 2016, Mark Holifield (EVP-Supply Chain & Product Dev) sold 43,026 shares at $131.14 per share price. On May 20, 2016, Craig A Menear (Chairman, CEO & President) sold 46,227 shares at $131.37 per share price, according to the Form-4 filing with the securities and exchange commission.

The Home Depot Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sell an assortment of building materials home improvement products and lawn and garden products and provide services. The Home Depot stores average approximately 104000 square feet of enclosed space with approximately 24000 additional square feet of outside garden area. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers do-it-for-me (DIFM) customers and professional customers. As of December 31 2014 the Company had 2269 The Home Depot stores which included 1977 stores in the United States including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam; 181 stores in Canada and 111 stores in Mexico.

Home Depot Inc

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