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.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.24. The company had revenue of $26.30 billion for the quarter, compared to the consensus estimate of $26.23 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.84 earnings per share. As a group, analysts predict that Home Depot will post 9.56 EPS for the current fiscal year.

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

See Also: Are Wall Street analysts’ stock ratings worth following?

Analyst Recommendations for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.