Home Depot (NYSE:HD) Price Target Raised to $450.00

Home Depot (NYSE:HD) had its target price increased by research analysts at Bank of America from $425.00 to $450.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the home improvement retailer’s stock. Bank of America‘s price target indicates a potential upside of 11.62% from the company’s current price.

HD has been the topic of several other research reports. Guggenheim raised their price target on Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a report on Friday, October 4th. Evercore ISI lowered their price target on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and raised their price target for the company from $360.00 to $455.00 in a report on Friday, November 8th. Sanford C. Bernstein began coverage on Home Depot in a report on Tuesday, October 22nd. They issued a “market perform” rating and a $451.00 price target on the stock. Finally, Jefferies Financial Group started coverage on Home Depot in a report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $424.67.

Home Depot Stock Down 1.3 %

Shares of NYSE HD opened at $403.17 on Wednesday. Home Depot has a one year low of $287.24 and a one year high of $421.56. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The business’s fifty day moving average price is $396.76 and its 200-day moving average price is $365.25. The stock has a market capitalization of $400.46 billion, a PE ratio of 27.13, a P/E/G ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.65 EPS. On average, equities research analysts anticipate that Home Depot will post 14.99 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in Home Depot during the second quarter valued at $25,000. Kings Path Partners LLC bought a new stake in shares of Home Depot in the second quarter worth $33,000. Denver PWM LLC bought a new stake in shares of Home Depot in the second quarter worth $40,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot in the third quarter worth $46,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Home Depot in the second quarter worth $47,000. Hedge funds and other institutional investors 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.