Home Depot (NYSE:HD) had its price target lifted by investment analysts at Argus from $180.00 to $190.00 in a report released on Wednesday, November 15th. The brokerage currently has a “buy” rating on the home improvement retailer’s stock. Argus’ target price points to a potential upside of 5.31% from the company’s current price.
A number of other research analysts have also commented on the company. Bank of America restated a “buy” rating and issued a $170.00 target price on shares of Home Depot in a research note on Tuesday, September 5th. Vetr upgraded Home Depot from a “buy” rating to a “strong-buy” rating and set a $166.59 price objective for the company in a research note on Monday, August 28th. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Credit Suisse Group set a $171.00 price objective on Home Depot and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, BidaskClub lowered Home Depot from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $176.82.
Home Depot (NYSE:HD) opened at $180.42 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. The company has a market capitalization of $209,981.72, a P/E ratio of 24.98, a PEG ratio of 1.82 and a beta of 1.11. Home Depot has a 1-year low of $128.68 and a 1-year high of $180.67.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.03. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. Home Depot’s 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. equities research analysts anticipate that Home Depot will post 7.38 EPS for the current year.
In other Home Depot news, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares in the company, valued at $9,816,079.30. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.26% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new stake in Home Depot in the 1st quarter valued at approximately $100,000. Jacobi Capital Management LLC raised its position in Home Depot by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in Home Depot by 114.1% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares during the last quarter. Burt Wealth Advisors raised its position in Home Depot by 83.5% in the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after buying an additional 396 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in Home Depot by 63.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after buying an additional 340 shares during the last quarter. 69.70% of the stock is currently owned by institutional investors.
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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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