The Home Depot Inc. (NYSE:HD) had its price target lifted by RBC Capital Markets from $145.00 to $146.00 in a research note issued on Wednesday. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. RBC Capital Markets’ target price points to a potential upside of 13.24% from the stock’s previous close.

Several other research analysts have also recently commented on HD. Zacks Investment Research cut shares of The Home Depot from a “buy” rating to a “sell” rating in a report on Tuesday, July 19th. Stifel Nicolaus initiated coverage on shares of The Home Depot in a report on Tuesday, August 2nd. They set a “buy” rating and a $157.00 price target for the company. JPMorgan Chase & Co. reiterated a “buy” rating and set a $142.00 price target on shares of The Home Depot in a report on Tuesday, August 16th. Wedbush reiterated a “neutral” rating and set a $140.00 price target (down previously from $145.00) on shares of The Home Depot in a report on Tuesday, August 16th. Finally, Royal Bank Of Canada upped their target price on shares of The Home Depot from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The Home Depot currently has a consensus rating of “Buy” and an average target price of $144.81.

Analyst Recommendations for The Home Depot (NYSE:HD)

Shares of The Home Depot (NYSE:HD) opened at 128.93 on Wednesday. The firm has a market cap of $159.30 billion, a price-to-earnings ratio of 21.82 and a beta of 1.05. The Home Depot has a 52-week low of $109.62 and a 52-week high of $139.00. The company’s 50-day moving average is $125.64 and its 200 day moving average is $130.72.

The Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 15th. The home improvement retailer reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. The Home Depot had a net margin of 8.23% and a return on equity of 123.29%. The company earned $23.20 billion during the quarter, compared to analysts’ expectations of $23.05 billion. During the same quarter in the previous year, the business posted $1.36 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. On average, analysts expect that The Home Depot will post $6.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 2.14%. The Home Depot’s payout ratio is 44.66%.

In other The Home Depot news, CFO Carol B. Tome sold 97,610 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $135.35, for a total transaction of $13,211,513.50. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in HD. Pillar Pacific Capital Management LLC boosted its stake in The Home Depot by 1.6% in the second quarter. Pillar Pacific Capital Management LLC now owns 57,469 shares of the home improvement retailer’s stock valued at $7,339,000 after buying an additional 904 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in The Home Depot by 0.4% in the second quarter. Capital Investment Advisors LLC now owns 169,358 shares of the home improvement retailer’s stock valued at $21,625,000 after buying an additional 751 shares in the last quarter. Badgley Phelps & Bell Inc. boosted its stake in The Home Depot by 0.3% in the second quarter. Badgley Phelps & Bell Inc. now owns 95,109 shares of the home improvement retailer’s stock valued at $12,144,000 after buying an additional 326 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. boosted its stake in The Home Depot by 0.9% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 2,048,386 shares of the home improvement retailer’s stock valued at $261,558,000 after buying an additional 19,139 shares in the last quarter. Finally, Roffman Miller Associates Inc. PA boosted its stake in The Home Depot by 1.3% in the second quarter. Roffman Miller Associates Inc. PA now owns 167,663 shares of the home improvement retailer’s stock valued at $21,409,000 after buying an additional 2,097 shares in the last quarter. 71.62% of the stock is currently owned by institutional investors.

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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