Jefferies Group reiterated their buy rating on shares of The Home Depot Inc. (NYSE:HD) in a research report released on Wednesday morning. Jefferies Group currently has a $149.00 target price on the home improvement retailer’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Bank of America Corp. reissued a buy rating and issued a $128.72 target price (up previously from $127.67) on shares of The Home Depot in a research report on Tuesday. Vetr cut shares of The Home Depot from a buy rating to a hold rating and set a $129.26 target price for the company. in a research report on Wednesday, November 9th. Zacks Investment Research cut shares of The Home Depot from a hold rating to a sell rating in a research report on Thursday, November 3rd. Macquarie reissued a buy rating on shares of The Home Depot in a research report on Tuesday, November 1st. Finally, Piper Jaffray Cos. cut shares of The Home Depot from an overweight rating to a neutral rating and cut their price objective for the stock from $152.00 to $121.00 in a research report on Monday, October 31st. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $144.81.

Analyst Recommendations for The Home Depot (NYSE:HD)

The Home Depot (NYSE:HD) traded up 2.37% during midday trading on Wednesday, reaching $128.30. 3,727,153 shares of the company’s stock traded hands. The Home Depot has a 52-week low of $109.62 and a 52-week high of $139.00. The company has a market cap of $158.52 billion, a P/E ratio of 21.72 and a beta of 1.05. The stock has a 50-day moving average of $125.64 and a 200 day moving average of $130.72.

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

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

A number of large investors have recently added to or reduced their stakes in HD. Marvin & Palmer Associates Inc. raised its stake in The Home Depot by 27.3% in the third quarter. Marvin & Palmer Associates Inc. now owns 23,580 shares of the home improvement retailer’s stock worth $3,034,000 after buying an additional 5,055 shares during the last quarter. LPL Financial LLC raised its stake in The Home Depot by 45.1% in the third quarter. LPL Financial LLC now owns 57,401 shares of the home improvement retailer’s stock worth $7,359,000 after buying an additional 17,842 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in The Home Depot by 10.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 578,714 shares of the home improvement retailer’s stock worth $74,467,000 after buying an additional 56,421 shares during the last quarter. Cable Hill Partners LLC raised its stake in The Home Depot by 10.4% in the third quarter. Cable Hill Partners LLC now owns 1,116 shares of the home improvement retailer’s stock worth $145,000 after buying an additional 105 shares during the last quarter. Finally, Mosaic Family Wealth LLC raised its stake in The Home Depot by 5.9% in the third quarter. Mosaic Family Wealth LLC now owns 1,933 shares of the home improvement retailer’s stock worth $249,000 after buying an additional 107 shares during the last quarter. 71.62% of the stock is owned by institutional investors and hedge funds.

The Home Depot Company Profile

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

Receive News & Stock Ratings for The Home Depot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot Inc. and related stocks with our FREE daily email newsletter.