Telsey Advisory Group Reaffirms Market Perform Rating for Home Depot (NYSE:HD)

Home Depot (NYSE:HD)‘s stock had its “market perform” rating restated by equities research analysts at Telsey Advisory Group in a research note issued to investors on Thursday, Benzinga reports. They presently have a $360.00 price objective on the home improvement retailer’s stock. Telsey Advisory Group’s price target points to a potential downside of 2.83% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Raymond James reiterated a “market perform” rating on shares of Home Depot in a report on Wednesday, May 15th. DA Davidson boosted their price objective on Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. StockNews.com lowered Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Jefferies Financial Group started coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. Finally, Daiwa America upgraded Home Depot to a “hold” rating in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and an average target price of $387.79.

Home Depot Stock Down 0.1 %

HD stock opened at $370.49 on Thursday. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. Home Depot has a fifty-two week low of $274.26 and a fifty-two week high of $396.87. The stock’s 50 day simple moving average is $359.31 and its 200 day simple moving average is $354.03. The company has a market cap of $367.38 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 2.49 and a beta of 1.00.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. During the same period last year, the business earned $4.65 EPS. Home Depot’s quarterly revenue was up .6% compared to the same quarter last year. On average, research analysts expect that Home Depot will post 15.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Home Depot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HD. Ruedi Wealth Management Inc. boosted its holdings in Home Depot by 1.2% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock worth $817,000 after buying an additional 27 shares during the period. Cape Investment Advisory Inc. boosted its holdings in shares of Home Depot by 1.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after acquiring an additional 28 shares during the period. Acorn Creek Capital LLC boosted its holdings in shares of Home Depot by 3.4% in the second quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after acquiring an additional 28 shares during the period. STAR Financial Bank raised its stake in shares of Home Depot by 0.7% during the 4th quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock valued at $1,367,000 after purchasing an additional 29 shares during the period. Finally, Talisman Wealth Advisors LLC raised its stake in shares of Home Depot by 1.2% during the 1st quarter. Talisman Wealth Advisors LLC now owns 2,385 shares of the home improvement retailer’s stock valued at $915,000 after purchasing an additional 29 shares during the period. Institutional investors own 70.86% of the company’s stock.

About Home Depot

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.