Loop Capital Increases Home Depot (NYSE:HD) Price Target to $360.00

Home Depot (NYSE:HD) had its price objective raised by investment analysts at Loop Capital from $330.00 to $360.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the home improvement retailer’s stock. Loop Capital’s price objective indicates a potential downside of 5.76% from the stock’s current price.

A number of other analysts also recently issued reports on HD. Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price objective for the company. Telsey Advisory Group restated a “market perform” rating and set a $360.00 price objective on shares of Home Depot in a research note on Thursday, September 12th. UBS Group upped their target price on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Finally, Royal Bank of Canada reduced their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $389.04.

Home Depot Trading Up 0.5 %

Shares of NYSE:HD opened at $382.01 on Tuesday. The stock has a market cap of $378.81 billion, a PE ratio of 25.62, a P/E/G ratio of 2.57 and a beta of 1.00. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. Home Depot has a 12-month low of $274.26 and a 12-month high of $396.87. The business has a 50 day moving average of $361.89 and a 200-day moving average of $353.93.

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, beating the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $4.65 EPS. As a group, equities research analysts forecast that Home Depot will post 15.01 earnings per share for the current year.

Institutional Trading of Home Depot

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new position in shares of Home Depot in the second quarter worth approximately $25,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Home Depot during the fourth quarter worth $27,000. Kings Path Partners LLC acquired a new position in Home Depot in the second quarter valued at $33,000. Burkett Financial Services LLC bought a new stake in Home Depot during the fourth quarter valued at $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new stake in Home Depot during the 1st quarter worth about $38,000. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.