Home Depot (NYSE:HD) Stock Rating Reaffirmed by Loop Capital

Home Depot (NYSE:HD)‘s stock had its “positive” rating reaffirmed by analysts at Loop Capital in a note issued to investors on Wednesday, The Fly reports. They currently have a $215.00 price objective on the home improvement retailer’s stock. Loop Capital’s price target would suggest a potential downside of 7.29% from the stock’s previous close. The analysts noted that the move was a valuation call.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group raised their target price on shares of Home Depot from $246.00 to $268.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Morgan Stanley lowered their target price on shares of Home Depot from $235.00 to $225.00 and set an “overweight” rating for the company in a report on Wednesday, December 11th. Gordon Haskett lowered shares of Home Depot from a “buy” rating to an “accumulate” rating and set a $230.00 target price for the company. in a report on Thursday, December 12th. Edward Jones lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Wolfe Research assumed coverage on shares of Home Depot in a report on Tuesday, October 8th. They issued a “buy” rating and a $260.00 target price for the company. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have assigned a buy rating to the stock. Home Depot has an average rating of “Buy” and a consensus price target of $238.65.

Shares of Home Depot stock traded down $1.75 during trading on Wednesday, hitting $231.90. The stock had a trading volume of 2,041,228 shares, compared to its average volume of 4,095,109. The firm’s fifty day simple moving average is $220.93 and its 200-day simple moving average is $223.12. The stock has a market cap of $254.05 billion, a PE ratio of 23.05, a PEG ratio of 2.06 and a beta of 1.00. Home Depot has a 12 month low of $175.30 and a 12 month high of $239.31.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.53. The firm had revenue of $27.22 billion during the quarter, compared to analyst estimates of $27.51 billion. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $2.51 EPS. Analysts forecast that Home Depot will post 10.08 earnings per share for the current year.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $213.70, for a total transaction of $2,772,543.80. Following the transaction, the executive vice president now owns 26,335 shares of the company’s stock, valued at approximately $5,627,789.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig A. Menear sold 113,468 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the transaction, the chief executive officer now directly owns 277,604 shares in the company, valued at approximately $58,641,068.96. The disclosure for this sale can be found here. Insiders have sold a total of 126,552 shares of company stock valued at $26,765,281 in the last quarter. 0.27% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Enterprise Trust & Investment Co purchased a new position in shares of Home Depot in the 3rd quarter worth approximately $27,000. Belmont Capital LLC purchased a new position in shares of Home Depot in the 4th quarter worth approximately $28,000. Julex Capital Management LLC purchased a new position in shares of Home Depot in the 3rd quarter worth approximately $29,000. Proffitt & Goodson Inc. grew its position in shares of Home Depot by 106.2% in the 3rd quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock worth $31,000 after buying an additional 69 shares during the last quarter. Finally, Financial Advantage Inc. purchased a new position in shares of Home Depot in the 3rd quarter worth approximately $37,000. 69.97% of the stock is currently owned by institutional investors and hedge funds.

About Home Depot

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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The Fly

Analyst Recommendations for Home Depot (NYSE:HD)

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