Deutsche Bank Lowers Home Depot (HD) Price Target to $200.00
Home Depot (NYSE:HD) had its price target decreased by Deutsche Bank from $210.00 to $200.00 in a research report released on Wednesday. Deutsche Bank currently has a buy rating on the home improvement retailer’s stock.
A number of other equities research analysts have also recently commented on HD. Zacks Investment Research upgraded shares of Home Depot from a sell rating to a hold rating in a research note on Wednesday, October 24th. Credit Suisse Group set a $204.00 target price on shares of Home Depot and gave the stock a hold rating in a research note on Tuesday. UBS Group decreased their target price on shares of Home Depot from $225.00 to $220.00 and set a buy rating on the stock in a research note on Wednesday. Citigroup decreased their target price on shares of Home Depot from $227.00 to $226.00 and set a buy rating on the stock in a research note on Wednesday. Finally, Loop Capital decreased their target price on shares of Home Depot from $200.00 to $180.00 and set a hold rating on the stock in a research note on Tuesday. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Home Depot presently has a consensus rating of Buy and a consensus target price of $205.00.
Shares of HD traded down $2.54 on Wednesday, reaching $177.36. The company’s stock had a trading volume of 8,656,636 shares, compared to its average volume of 4,816,946. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. The company has a market cap of $205.29 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.41 and a beta of 1.26. Home Depot has a 12-month low of $166.06 and a 12-month high of $215.43.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 29th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.32%. Home Depot’s payout ratio is currently 55.23%.
In related news, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total value of $2,188,600.56. Following the completion of the transaction, the executive vice president now directly owns 40,057 shares of the company’s stock, valued at $8,077,093.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Home Depot by 0.8% during the first quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock worth $12,875,610,000 after buying an additional 604,634 shares during the period. FMR LLC boosted its stake in Home Depot by 2.8% during the third quarter. FMR LLC now owns 29,811,794 shares of the home improvement retailer’s stock worth $6,175,512,000 after buying an additional 813,882 shares during the period. Alliancebernstein L.P. boosted its stake in Home Depot by 4.3% during the third quarter. Alliancebernstein L.P. now owns 9,871,732 shares of the home improvement retailer’s stock worth $2,044,929,000 after buying an additional 407,767 shares during the period. Morgan Stanley boosted its stake in Home Depot by 11.4% during the second quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock worth $1,889,985,000 after buying an additional 991,466 shares during the period. Finally, Capital International Investors boosted its stake in Home Depot by 129.2% during the third quarter. Capital International Investors now owns 7,080,765 shares of the home improvement retailer’s stock worth $1,466,780,000 after buying an additional 3,991,462 shares during the period. 69.38% of the stock is owned by hedge funds and other institutional investors.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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