Home Depot (NYSE:HD) had its target price upped by equities research analysts at Royal Bank Of Canada from $183.00 to $186.00 in a note issued to investors on Wednesday, November 15th, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 3.09% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Telsey Advisory Group increased their target price on Home Depot from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, November 15th. Robert W. Baird set a $185.00 price objective on Home Depot and gave the stock a “buy” rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Oppenheimer set a $178.00 price objective on Home Depot and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Bank of America increased their target price on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, KeyCorp initiated coverage on Home Depot in a research report on Tuesday, November 7th. They set a “sector weight” rating for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $176.82.
Shares of Home Depot (HD) opened at $180.42 on Wednesday. Home Depot has a 12-month low of $128.68 and a 12-month high of $180.67. The firm has a market capitalization of $209,981.72, a P/E ratio of 24.98, a P/E/G ratio of 1.82 and a beta of 1.11. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39.
Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. analysts expect that Home Depot will post 7.38 earnings per share for the current fiscal year.
In other news, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the transaction, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.
A number of large investors have recently bought and sold shares of HD. American Beacon Advisors Inc. acquired a new stake in shares of Home Depot in the first quarter valued at $100,000. Jacobi Capital Management LLC raised its stake in shares of Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its stake in shares of Home Depot by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after acquiring an additional 397 shares in the last quarter. Burt Wealth Advisors raised its stake in shares of Home Depot by 83.5% in the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of Home Depot by 63.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 69.70% of the company’s stock.
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Home Depot Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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