Home Depot, Inc. (The) (HD) Price Target Raised to $190.00

Home Depot, Inc. (The) (NYSE:HD) had its price objective hoisted by Bank of America Corporation from $170.00 to $190.00 in a research note released on Wednesday morning. Bank of America Corporation currently has a buy rating on the home improvement retailer’s stock.

A number of other research analysts also recently commented on the stock. KeyCorp assumed coverage on shares of Home Depot, Inc. (The) in a research note on Tuesday, November 7th. They set a sector weight rating on the stock. Royal Bank Of Canada set a $179.00 price target on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a research report on Monday, October 30th. Robert W. Baird set a $175.00 price target on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a research report on Friday, October 13th. Credit Suisse Group set a $171.00 price target on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a research report on Friday, October 13th. Finally, Gordon Haskett started coverage on shares of Home Depot, Inc. (The) in a research report on Tuesday, October 3rd. They issued a buy rating and a $189.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $173.18.

Home Depot, Inc. (HD) traded up $0.84 during midday trading on Wednesday, reaching $164.11. 3,554,200 shares of the company’s stock were exchanged, compared to its average volume of 3,588,330. Home Depot, Inc. has a 12-month low of $122.92 and a 12-month high of $167.94. The company has a quick ratio of 0.48, a current ratio of 1.30 and a debt-to-equity ratio of 6.87. The company has a market cap of $193,455.83, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The firm had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. During the same period in the prior year, the firm posted $1.97 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. research analysts predict that Home Depot, Inc. will post 7.32 EPS for the current fiscal year.

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In other news, EVP Teresa Wynn Roseborough sold 15,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the transaction, the executive vice president now owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Matt Carey sold 32,000 shares of Home Depot, Inc. (The) stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 62,483 shares in the company, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Insiders sold 57,717 shares of company stock valued at $8,916,321 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Home Depot, Inc. (The) by 0.9% during the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after acquiring an additional 703,292 shares during the period. State Street Corp increased its position in Home Depot, Inc. (The) by 0.7% during the first quarter. State Street Corp now owns 55,747,883 shares of the home improvement retailer’s stock worth $8,185,463,000 after acquiring an additional 396,271 shares during the period. Capital Research Global Investors increased its position in Home Depot, Inc. (The) by 0.9% during the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after acquiring an additional 170,139 shares during the period. Northern Trust Corp increased its position in Home Depot, Inc. (The) by 1.3% during the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after acquiring an additional 222,958 shares during the period. Finally, Alliancebernstein L.P. increased its position in Home Depot, Inc. (The) by 1.1% during the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock worth $1,231,485,000 after acquiring an additional 84,750 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Home Depot, Inc. (The) 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.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

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