Home Depot (NYSE:HD) Price Target Raised to $230.00

Home Depot (NYSE:HD) had its price objective hoisted by Stifel Nicolaus to $230.00 in a report released on Monday, The Fly reports. The firm currently has a buy rating on the home improvement retailer’s stock.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada dropped their price objective on Home Depot from $223.00 to $217.00 and set a buy rating on the stock in a research report on Tuesday, May 7th. Robert W. Baird reaffirmed a positive rating on shares of Home Depot in a research report on Thursday, April 25th. Gabelli cut Home Depot from a buy rating to a hold rating in a research report on Tuesday, July 16th. They noted that the move was a valuation call. Loop Capital increased their price objective on Home Depot to $195.00 and gave the company a hold rating in a research report on Friday, July 19th. Finally, ValuEngine cut Home Depot from a buy rating to a hold rating in a research report on Thursday, August 1st. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Home Depot presently has an average rating of Buy and a consensus target price of $209.72.

HD opened at $201.59 on Monday. The business has a fifty day moving average price of $212.22. The company has a market capitalization of $227.73 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 1.91 and a beta of 1.12. Home Depot has a 12-month low of $158.09 and a 12-month high of $219.30.



Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, beating the consensus estimate of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The company had revenue of $26.38 billion for the quarter, compared to analysts’ expectations of $26.34 billion. During the same period last year, the firm posted $2.08 earnings per share. Home Depot’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Home Depot will post 10.1 EPS for the current fiscal year.

In other news, CFO Carol B. Tome sold 26,334 shares of Home Depot stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $189.17, for a total transaction of $4,981,602.78. Following the transaction, the chief financial officer now directly owns 519,253 shares of the company’s stock, valued at approximately $98,227,090.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy A. Hourigan sold 13,000 shares of Home Depot stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $193.30, for a total value of $2,512,900.00. Following the transaction, the executive vice president now directly owns 64,575 shares in the company, valued at $12,482,347.50. The disclosure for this sale can be found here. Insiders sold 82,522 shares of company stock worth $16,156,831 over the last three months. Insiders own 0.27% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Krane Funds Advisors LLC bought a new stake in Home Depot in the 2nd quarter worth approximately $25,000. Evolution Wealth Advisors LLC bought a new stake in Home Depot in the 2nd quarter worth approximately $31,000. MRA Associates USA LLC bought a new stake in Home Depot in the 2nd quarter worth approximately $34,000. Thor Advisors LLC bought a new position in shares of Home Depot during the 1st quarter valued at approximately $32,000. Finally, Virtus ETF Advisers LLC bought a new position in shares of Home Depot during the 4th quarter valued at approximately $32,000. 69.81% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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