Home Depot (NYSE:HD) PT Raised to $420.00 at Evercore ISI

Home Depot (NYSE:HD) had its price objective upped by Evercore ISI from $410.00 to $420.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. Evercore ISI’s price target suggests a potential upside of 8.84% from the stock’s current price.

Several other analysts also recently issued reports on the stock. Robert W. Baird reaffirmed an “outperform” rating and issued a $370.00 price target on shares of Home Depot in a report on Wednesday, February 14th. Oppenheimer downgraded Home Depot from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Citigroup boosted their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Barclays raised Home Depot from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $325.00 to $372.00 in a research note on Thursday, January 4th. Finally, Wedbush reissued an “outperform” rating and issued a $380.00 target price on shares of Home Depot in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $368.76.

Home Depot Stock Performance

NYSE HD opened at $385.89 on Tuesday. The business has a 50 day moving average price of $367.86 and a 200 day moving average price of $334.18. The company has a market capitalization of $382.42 billion, a P/E ratio of 25.56, a PEG ratio of 2.53 and a beta of 0.99. Home Depot has a 1-year low of $274.26 and a 1-year high of $396.87. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. During the same quarter in the prior year, the company earned $3.30 earnings per share. Home Depot’s revenue was down 2.9% compared to the same quarter last year. Sell-side analysts expect that Home Depot will post 15.39 EPS for the current fiscal year.

Insider Transactions at Home Depot

In related news, EVP Timothy A. Hourigan sold 8,996 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the transaction, the chief executive officer now owns 107,731 shares in the company, valued at $39,712,878.53. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Congress Wealth Management LLC DE increased its position in shares of Home Depot by 3.7% during the third quarter. Congress Wealth Management LLC DE now owns 88,444 shares of the home improvement retailer’s stock worth $26,725,000 after acquiring an additional 3,162 shares during the last quarter. Psagot Value Holdings Ltd. Israel raised its position in shares of Home Depot by 8.0% in the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 2,700 shares of the home improvement retailer’s stock valued at $819,000 after purchasing an additional 200 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its stake in shares of Home Depot by 119.8% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 2,945 shares of the home improvement retailer’s stock valued at $890,000 after buying an additional 1,605 shares during the last quarter. Cape Cod Five Cents Savings Bank boosted its stake in shares of Home Depot by 96.3% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 72,994 shares of the home improvement retailer’s stock valued at $22,056,000 after buying an additional 35,805 shares during the last quarter. Finally, National Pension Service increased its stake in shares of Home Depot by 6.4% in the second quarter. National Pension Service now owns 1,543,616 shares of the home improvement retailer’s stock worth $475,156,000 after buying an additional 92,354 shares during the last quarter. 70.86% of the stock is 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.