Home Depot (NYSE:HD) Given New $430.00 Price Target at Evercore ISI

Home Depot (NYSE:HD) had its price target lifted by Evercore ISI from $420.00 to $430.00 in a report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the home improvement retailer’s stock.

A number of other analysts have also recently issued reports on HD. Bank of America boosted their price objective on Home Depot from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial increased their price objective on shares of Home Depot from $455.00 to $459.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Wednesday, October 2nd. TD Cowen upped their target price on shares of Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, DA Davidson raised their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Trading Down 0.1 %

Shares of Home Depot stock opened at $409.76 on Wednesday. Home Depot has a 1 year low of $302.34 and a 1 year high of $421.56. The company’s fifty day simple moving average is $397.67 and its 200-day simple moving average is $365.56. The company has a market cap of $407.01 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.79 and a beta of 1.01. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the previous year, the firm posted $3.81 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts expect that Home Depot will post 14.99 EPS for the current year.

Institutional Investors Weigh In On Home Depot

Several institutional investors have recently modified their holdings of the business. Texas Capital Bank Wealth Management Services Inc boosted its holdings in Home Depot by 27.6% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock worth $9,348,000 after buying an additional 5,879 shares during the last quarter. Pegasus Asset Management Inc. grew its holdings in Home Depot by 1.8% during the third quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after purchasing an additional 86 shares during the period. Swedbank AB increased its stake in Home Depot by 17.1% in the third quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after purchasing an additional 132,967 shares in the last quarter. LGT Group Foundation raised its holdings in Home Depot by 121.0% in the second quarter. LGT Group Foundation now owns 269,368 shares of the home improvement retailer’s stock worth $92,727,000 after purchasing an additional 147,482 shares during the period. Finally, CX Institutional boosted its position in shares of Home Depot by 225.6% during the third quarter. CX Institutional now owns 32,717 shares of the home improvement retailer’s stock worth $13,257,000 after purchasing an additional 22,668 shares in the last quarter. Institutional investors and hedge funds 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.