Home Depot’s Target, Estimates Boosted at Barclays Capital (HD)

Filed in dividend, earnings, Gold, Gold Investment, shares by on May 12, 2010 0 Comments

Home improvement warehouse operator The Home Depot, Inc. ( HD ) saw its price target and earnings estimates raised on Wednesday by analysts at Barclays Capital, ahead of the company’s earnings report next week. The firm boosted its price target for HD stock, which had closed at $35.63 on Tuesday, to $39 from $34, while lifting its 2011 and 2012 EPS estimates to $1.83 and $2.24, respectively. Barclays currently rates the stock as “Overweight.” Home Depot shares rose 12 cents, or +0.3%, in premarket trading Wednesday. The Bottom Line We have been recommending shares of HD since July 30, 2009, when the stock was trading at $25.39. The company has a 2.64% dividend yield, based on last night’s closing stock price of $35.63. 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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Home Depot’s Target, Estimates Boosted at Barclays Capital (HD)

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