The Home Depot Inc. (NYSE:HD) had its price target hoisted by stock analysts at Royal Bank Of Canada from $145.00 to $146.00 in a research note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the home improvement retailer’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 17.36% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of The Home Depot from a “buy” rating to a “sell” rating in a research note on Tuesday, July 19th. Piper Jaffray Cos. downgraded shares of The Home Depot from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $152.00 to $121.00 in a research note on Monday, October 31st. Macquarie restated a “buy” rating on shares of The Home Depot in a research note on Tuesday, November 1st. Vetr downgraded shares of The Home Depot from a “buy” rating to a “hold” rating and set a $132.30 target price for the company. in a research note on Monday, October 3rd. Finally, Argus reiterated a “hold” rating and set a $154.00 target price on shares of The Home Depot in a research note on Friday, September 16th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $144.61.

Analyst Recommendations for The Home Depot (NYSE:HD)

The Home Depot (NYSE:HD) opened at 124.40 on Wednesday. The company has a 50 day moving average price of $125.71 and a 200 day moving average price of $130.93. The Home Depot has a 52 week low of $109.62 and a 52 week high of $139.00. The stock has a market cap of $153.71 billion, a price-to-earnings ratio of 21.06 and a beta of 1.05.

The Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 15th. The home improvement retailer reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.02. The Home Depot had a net margin of 8.08% and a return on equity of 110.52%. The company earned $23.20 billion during the quarter, compared to the consensus estimate of $23.05 billion. During the same quarter in the prior year, the firm posted $1.36 earnings per share. The Home Depot’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that The Home Depot will post $6.33 EPS for the current fiscal year.

In other news, CFO Carol B. Tome sold 97,610 shares of the firm’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $135.35, for a total value of $13,211,513.50. Following the transaction, the chief financial officer now owns 644,831 shares of the company’s stock, valued at approximately $87,277,875.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy M. Crow sold 49,392 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $135.06, for a total transaction of $6,670,883.52. Following the completion of the transaction, the executive vice president now directly owns 224,905 shares in the company, valued at approximately $30,375,669.30. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Wealthsource Partners LLC purchased a new stake in The Home Depot during the first quarter valued at about $317,000. National Pension Service increased its stake in The Home Depot by 4.2% in the first quarter. National Pension Service now owns 643,174 shares of the home improvement retailer’s stock valued at $85,819,000 after buying an additional 25,668 shares during the period. Nuveen Asset Management LLC increased its stake in The Home Depot by 0.8% in the first quarter. Nuveen Asset Management LLC now owns 766,884 shares of the home improvement retailer’s stock valued at $102,326,000 after buying an additional 5,997 shares during the period. Citizens Financial Group Inc RI increased its stake in The Home Depot by 532.0% in the first quarter. Citizens Financial Group Inc RI now owns 69,224 shares of the home improvement retailer’s stock valued at $9,236,000 after buying an additional 58,271 shares during the period. Finally, Thomaspartners Inc. increased its stake in The Home Depot by 6.7% in the first quarter. Thomaspartners Inc. now owns 5,960 shares of the home improvement retailer’s stock valued at $795,000 after buying an additional 372 shares during the period. 71.62% of the stock is currently owned by institutional investors and hedge funds.

About The Home Depot

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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