Home Depot (NYSE:HD) had its price target upped by SunTrust Banks from $167.00 to $175.00 in a research report issued on Thursday. The brokerage currently has a “hold” rating on the home improvement retailer’s stock. SunTrust Banks’ price objective indicates a potential downside of 3.21% from the company’s previous close.

A number of other research analysts also recently issued reports on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $170.00 price target (up previously from $162.00) on shares of Home Depot in a research report on Thursday. BTIG Research lifted their price objective on shares of Home Depot to $215.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup boosted their price target on shares of Home Depot to $213.00 and gave the company a “buy” rating in a research note on Thursday. Moffett Nathanson started coverage on shares of Home Depot in a research note on Monday. They issued a “buy” rating for the company. Finally, Telsey Advisory Group boosted their price target on shares of Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Monday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $180.86.

Home Depot (HD) opened at $180.80 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. Home Depot has a 1-year low of $128.75 and a 1-year high of $186.31. The company has a market cap of $213,522.92, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 EPS. equities research analysts predict that Home Depot will post 7.38 earnings per share for the current year.

Home Depot declared that its Board of Directors has approved a stock buyback plan on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Several hedge funds have recently modified their holdings of HD. IFP Advisors Inc increased its holdings in shares of Home Depot by 3.0% in the second quarter. IFP Advisors Inc now owns 73,631 shares of the home improvement retailer’s stock valued at $11,295,000 after purchasing an additional 2,133 shares during the period. Smithfield Trust Co. increased its holdings in shares of Home Depot by 0.3% in the second quarter. Smithfield Trust Co. now owns 8,387 shares of the home improvement retailer’s stock valued at $1,287,000 after purchasing an additional 25 shares during the period. Quantitative Systematic Strategies LLC grew its holdings in Home Depot by 12.2% during the second quarter. Quantitative Systematic Strategies LLC now owns 19,718 shares of the home improvement retailer’s stock worth $3,001,000 after acquiring an additional 2,139 shares during the period. BP PLC grew its holdings in Home Depot by 16.2% during the second quarter. BP PLC now owns 179,000 shares of the home improvement retailer’s stock worth $27,459,000 after acquiring an additional 25,000 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Home Depot during the first quarter worth about $99,739,000. Institutional investors and hedge funds own 70.37% of the company’s stock.

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

Analyst Recommendations for Home Depot (NYSE:HD)

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