Home Depot (NYSE:HD)‘s stock had its “buy” rating reissued by stock analysts at UBS in a report issued on Wednesday, November 15th, www.benzinga.com reports. They currently have a $186.00 target price on the home improvement retailer’s stock, up from their previous target price of $175.00. UBS’s price objective would indicate a potential upside of 0.59% from the company’s previous close.
HD has been the subject of a number of other research reports. Zacks Investment Research lowered Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Robert W. Baird set a $175.00 price objective on Home Depot and gave the company a “buy” rating in a report on Sunday, September 10th. Royal Bank Of Canada set a $179.00 price objective on Home Depot and gave the company a “buy” rating in a report on Monday, October 30th. Credit Suisse Group set a $171.00 target price on Home Depot and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Bank of America upped their target price on Home Depot from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $177.22.
Shares of Home Depot (HD) traded up $4.48 during trading on Wednesday, hitting $184.90. The stock had a trading volume of 6,192,508 shares, compared to its average volume of 4,440,484. Home Depot has a fifty-two week low of $128.68 and a fifty-two week high of $186.31. The stock has a market capitalization of $215,920.00, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same period in the previous year, the firm posted $1.60 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. analysts forecast that Home Depot will post 7.38 earnings per share for the current year.
In other news, EVP Matt Carey sold 32,000 shares of Home Depot stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the sale, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.26% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. American Beacon Advisors Inc. purchased a new stake in shares of Home Depot in the first quarter valued at about $100,000. Jacobi Capital Management LLC lifted its holdings 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 purchasing an additional 101 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings 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 purchasing an additional 397 shares in the last quarter. Burt Wealth Advisors lifted its holdings 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 purchasing an additional 396 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings 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 purchasing an additional 340 shares in the last quarter. 70.37% of the stock is owned by hedge funds and other institutional investors.
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About Home Depot
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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