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Home Depot’s Earnings Estimates Lifted at Barclays Capital (HD)

By Dividend.com Staff
November 12th, 2009

home-depots-earnings-estimates-lifted-at-barclays-capital-hd

Home improvement warehouse operator The Home Depot, Inc. (HD) saw its earnings estimates raised on Thursday by analysts at Barclays Capital.

The analyst raised its estimates for 2010 and 2011 to $1.52 and $1.60 per share, respectively. Barclays maintained its “Overweight” rating and $29 price target on HD stock.

Home Depot shares, which closed at $27.31 on Wednesday, rose 8 cents, or +0.3%, in premarket trading Thursday.

The Bottom Line
We have been recommending shares of HD since July 30, when the stock was trading at $25.39. The company has a 3.30% dividend yield, based on last night’s closing stock price of $27.31.

The Home Depot, Inc. (HD) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.