Piper Jaffray Companies reaffirmed their hold rating on shares of Home Depot, Inc. (The) (NYSE:HD) in a research note released on Sunday morning. The brokerage currently has a $164.00 price objective on the home improvement retailer’s stock.

Several other research analysts have also recently commented on HD. Jefferies Group LLC reissued a buy rating and set a $182.00 target price on shares of Home Depot, Inc. (The) in a research note on Thursday, August 10th. Stifel Nicolaus reaffirmed a buy rating and issued a $178.00 price target on shares of Home Depot, Inc. (The) in a research report on Wednesday, August 16th. Telsey Advisory Group reaffirmed an outperform rating on shares of Home Depot, Inc. (The) in a research report on Friday, August 11th. Wedbush reiterated a market perform rating on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Finally, Citigroup Inc. reiterated a buy rating and issued a $179.00 price objective on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $171.69.

Home Depot, Inc. (NYSE HD) opened at 163.56 on Friday. The stock has a market cap of $192.81 billion, a price-to-earnings ratio of 23.54 and a beta of 1.07. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $163.61. The stock’s 50 day moving average price is $153.29 and its 200 day moving average price is $152.05.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. The business had revenue of $28.11 billion for the quarter, compared to analyst estimates of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.97 earnings per share. On average, analysts forecast that Home Depot, Inc. will post $7.33 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 31st were given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.18%. The ex-dividend date was Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

In other Home Depot, Inc. (The) news, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $150.39, for a total value of $2,255,850.00. Following the transaction, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at approximately $4,984,977.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,717 shares of company stock valued at $8,916,321. 0.26% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new position in shares of Home Depot, Inc. (The) during the first quarter worth about $100,000. Jacobi Capital Management LLC raised its holdings in Home Depot, Inc. (The) by 16.4% during the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in Home Depot, Inc. (The) by 114.1% during the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after purchasing an additional 397 shares in the last quarter. University of Texas Investment Managment Co. purchased a new position in Home Depot, Inc. (The) during the first quarter worth about $132,000. Finally, Glassman Wealth Services lifted its position in Home Depot, Inc. (The) by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after purchasing an additional 300 shares during the period. Institutional investors own 71.39% of the company’s stock.

Home Depot, Inc. (The) 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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

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