Home Depot’s (HD) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Home Depot (NYSE:HD)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They currently have a $455.00 price objective on the home improvement retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 15.26% from the stock’s previous close.

Several other brokerages have also recently commented on HD. Wells Fargo & Company upped their target price on Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. DA Davidson upped their price objective on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Mizuho lifted their target price on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays upped their price target on shares of Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Evercore ISI lifted their price objective on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $433.44.

Home Depot Stock Down 2.1 %

Shares of HD opened at $394.77 on Thursday. The stock’s 50-day moving average price is $403.17 and its two-hundred day moving average price is $397.01. Home Depot has a 12 month low of $323.77 and a 12 month high of $439.37. The company has a market capitalization of $392.15 billion, a PE ratio of 26.82, a PEG ratio of 4.12 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Hedge Funds Weigh In On Home Depot

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Home Depot during the fourth quarter worth $5,032,910,000. International Assets Investment Management LLC boosted its holdings in Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after acquiring an additional 8,762,735 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Home Depot in the 4th quarter worth $2,212,546,000. Proficio Capital Partners LLC raised its holdings in shares of Home Depot by 21,394.9% in the fourth quarter. Proficio Capital Partners LLC now owns 2,039,862 shares of the home improvement retailer’s stock valued at $793,486,000 after purchasing an additional 2,030,372 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Home Depot by 13.3% in the fourth quarter. Northern Trust Corp now owns 12,149,890 shares of the home improvement retailer’s stock valued at $4,726,186,000 after purchasing an additional 1,424,857 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Company Profile

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.