The Home Depot (HD: $157)
Bull Market Report Target Price: $160
Bull Market Report Sell Price: $144
Earnings Date: Tuesday, 9:00 am ET
Consensus: 1Q17
Revenues: $24 B
EPS: $1.61
Year Ago Quarter Results
Revenues: $23 B
EPS: $1.44
Key Things to Watch For in the Quarter
Analysts across Wall Street estimate that Home Depot will report 4% growth in sales to $24 billion and 12% growth in EPS to $1.61 for 1Q17. Home Depot has provided investors with 15% returns on their investment over the past year. The stock currently trades up 33% from its 52-week low and 24 times earnings, which is comparable to its number one competitor, Lowes (LOW: $84). Home Depot’s growth has been spurred by an increase in home sales and home improvements.
We look forward to its continued growth going forward as the stock approaches our $160 target. We can't wait to raise the Target! We hereby raise the Sell Price from $144 to $150. We wouldn't want to lose our 33% gain on the stock since we added it in early 2016.