Home Depot (HD) Declares $0.89 Quarterly Dividend; 2.3% Yield

Home Depot (HD) PT Raised to $157 at SunTrust Robinson Humphrey

SunTrust Robinson Humphrey raised its price target on Home Depot (NYSE: HD) to $157.00 (from $142.00) while maintaining a Hold rating.

Home Depot (HD) PT Raised to $175 at UBS

UBS raised its price target on Home Depot (NYSE: HD) to $175.00 (from $173.00) while maintaining a Buy rating.

Home Depot (HD) PT Raised to $165 at Barclays; Reiterates Overweight

Barclays raised its price target on Home Depot (NYSE: HD) to $165.00 (from $150.00) while maintaining a Overweight rating. Barclays... More

Home Depot (HD) PT Raised to $175 at Baird Following 1Q

Baird raised its price target on Home Depot (NYSE: HD) to $175.00 (from $165.00) while maintaining a Outperform rating. EPS of $1.67 exceeded the Street's $1.61 estimate. Upside was primarily driven by stronger sales and associated opex leverage. 1Q comps increased +5.5% driven by robust big-ticket... More

Home Depot (HD) PT Raised to $173 at Morgan Stanley

Morgan Stanley raised its price target on Home Depot (NYSE: HD) to $173.00 (from $165.00) while maintaining a Overweight rating.

Home Depot (HD) PT Raised to $165 at Wedbush; Reiterates Neutral

Wedbush raised its price target on Home Depot (NYSE: HD) to $165.00 (from $155.00) while maintaining a Neutral rating. HD reported a solid 5.5% comp, beating the consensus estimate of 4.4%.

HD continues to harness the tailwinds of a housing market and execute at the... More

Home Depot (HD) PT Raised to $179 at Citi; Reiterates Buy

Citi raised its price target on Home Depot (NYSE: HD) to $179.00 (from $168.00) while maintaining a Buy rating.

HD reported a surprise upside off of a stronger than expected comp and reported e-comm growth of 23% y/y. The overall comp was a slight deceleration from Q4 but e-commerce accelerated 400 bps.

Home Depot (HD) PT Raised to $180 at Argus

Argus raised its price target on Home Depot (NYSE: HD) to $180.00 (from $160.00) while maintaining a Buy rating.

Home Depot (HD) PT Raised to $178 at Stifel

Stifel raised its price target on Home Depot (NYSE: HD) to $178.00 (from $165.00) while maintaining a Buy rating following solid Q1 results, with comps 100+ bps better than the Street despite tough comps

Analyst John Baugh said the continue to be pleased with the growth... More

U.S. factory output surges in April; homebuilding stumbles

By Lucia Mutikani

WASHINGTON (Reuters) - U.S. manufacturing production recorded its biggest increase in more than three years in April, bolstering the view that economic growth picked up early in the second quarter despite a surprise decline in homebuilding.

The broad strength in factory output reported by the Federal Reserve on Tuesday added to labor market data in suggesting the growth slowdown in the first quarter was temporary. That may allow the U.S. central bank to raise interest rates next month.

"The sharp increase in industrial activity is a clear sign that the first-quarter... More

Home Depot's profit tops on higher sales of big-ticket items

By Sruthi Ramakrishnan

(Reuters) - Home Depot Inc's (NYSE: HD) first-quarter profit and same-store sales topped estimates as customers spent more on expensive items such as appliances and flooring and roofing materials.

The company's shares rose about 2 percent to hit a record high of $160.83 in morning trading on Tuesday, after the No. 1 U.S. home improvement chain also said second-quarter sales were off to a good start.

"While U.S. GDP forecasts are mixed, housing continues to be a... More

Home Depot (HD) Tops Q1 EPS by 6c; Updates Outlook

Home Depot (NYSE: HD) reported Q1 EPS of $1.67, $0.06 better than the analyst estimate of $1.61. Revenue for the quarter came in at $23.9 billion versus the consensus estimate of $23.72 billion.

"We were pleased with our results as they reflected broad-based growth across our interconnected platform and... More