Home Depot (NYSE:HD) Price Target Raised to $425.00 at UBS Group

Home Depot (NYSE:HD) had its target price raised by UBS Group from $400.00 to $425.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the home improvement retailer’s stock.

A number of other brokerages also recently weighed in on HD. DA Davidson upgraded Home Depot from a neutral rating to a buy rating and lifted their target price for the stock from $352.00 to $395.00 in a report on Wednesday, June 26th. Raymond James restated a market perform rating on shares of Home Depot in a report on Wednesday, May 15th. Wedbush reiterated an outperform rating and set a $410.00 price objective on shares of Home Depot in a report on Friday, May 10th. Wells Fargo & Company reduced their price objective on Home Depot from $425.00 to $400.00 and set an overweight rating for the company in a research note on Thursday, May 9th. Finally, Evercore ISI decreased their price target on shares of Home Depot from $415.00 to $400.00 and set an outperform rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $384.00.

Home Depot Price Performance

Shares of HD opened at $355.55 on Wednesday. The business has a 50-day moving average of $349.46 and a 200-day moving average of $353.16. The company has a debt-to-equity ratio of 23.11, a current ratio of 1.34 and a quick ratio of 0.42. The company has a market capitalization of $352.57 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. Home Depot has a 1 year low of $274.26 and a 1 year high of $396.87.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a net margin of 9.79% and a return on equity of 1,056.67%. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the business earned $4.65 EPS. The company’s revenue was up .6% compared to the same quarter last year. As a group, equities research analysts anticipate that Home Depot will post 15.28 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Home Depot during the second quarter valued at about $25,000. Bare Financial Services Inc purchased a new stake in shares of Home Depot in the fourth quarter worth $26,000. Frank Rimerman Advisors LLC bought a new stake in Home Depot during the fourth quarter valued at $27,000. Kings Path Partners LLC purchased a new position in Home Depot during the second quarter worth about $33,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new position in Home Depot in the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.