Home Depot (NYSE:HD) PT Raised to $466.00

Home Depot (NYSE:HD) had its target price increased by equities research analysts at DA Davidson from $430.00 to $466.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the home improvement retailer’s stock. DA Davidson’s target price would suggest a potential upside of 16.95% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price for the company. Sanford C. Bernstein began coverage on Home Depot in a research note on Tuesday. They issued a “market perform” rating and a $451.00 price objective for the company. Daiwa America upgraded Home Depot to a “hold” rating in a research report on Thursday, August 15th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a research report on Wednesday, October 2nd. Finally, Evercore ISI lowered their price objective on Home Depot from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $412.00.

Home Depot Stock Performance

HD traded down $4.23 during mid-day trading on Friday, reaching $398.45. 812,718 shares of the company traded hands, compared to its average volume of 3,357,771. The company’s fifty day moving average price is $389.08 and its 200-day moving average price is $359.73. The stock has a market capitalization of $395.11 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.88 and a beta of 1.00. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. Home Depot has a 52-week low of $274.26 and a 52-week high of $421.56.

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

Hedge Funds Weigh In On Home Depot

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Home Depot by 6.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 10,079 shares of the home improvement retailer’s stock valued at $3,866,000 after acquiring an additional 605 shares during the last quarter. Howard Financial Services LTD. boosted its holdings in shares of Home Depot by 12.2% in the 1st quarter. Howard Financial Services LTD. now owns 1,485 shares of the home improvement retailer’s stock worth $570,000 after purchasing an additional 162 shares during the period. Capital Asset Advisory Services LLC increased its position in shares of Home Depot by 3.9% during the 1st quarter. Capital Asset Advisory Services LLC now owns 16,074 shares of the home improvement retailer’s stock valued at $5,752,000 after purchasing an additional 607 shares during the last quarter. AMF Tjanstepension AB raised its holdings in Home Depot by 53.3% during the 1st quarter. AMF Tjanstepension AB now owns 367,507 shares of the home improvement retailer’s stock valued at $141,025,000 after buying an additional 127,770 shares during the period. Finally, Capital Insight Partners LLC lifted its position in Home Depot by 2.9% in the first quarter. Capital Insight Partners LLC now owns 11,683 shares of the home improvement retailer’s stock worth $4,482,000 after buying an additional 328 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

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.