Home Depot (NYSE:HD) had its price target dropped by investment analysts at Stifel Nicolaus from $225.00 to $200.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has a “positive” rating on the home improvement retailer’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 12.76% from the stock’s current price.

A number of other research firms have also commented on HD. Wells Fargo & Co restated a “buy” rating and issued a $230.00 price objective on shares of Home Depot in a research report on Sunday, September 16th. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Jefferies Financial Group assumed coverage on shares of Home Depot in a research report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 price objective for the company. Citigroup raised their price objective on shares of Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, August 10th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $203.00 price objective on shares of Home Depot in a research report on Thursday, August 16th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $205.00.

HD opened at $177.36 on Wednesday. The stock has a market capitalization of $205.29 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.41 and a beta of 1.26. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37. Home Depot has a twelve month low of $166.06 and a twelve month high of $215.43.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.24. The firm had revenue of $26.30 billion during 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 company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.84 earnings per share. On average, equities research analysts anticipate that Home Depot will post 9.56 EPS for the current fiscal year.

In other Home Depot news, EVP William G. Lennie sold 10,854 shares of Home Depot stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the sale, the executive vice president now directly owns 40,057 shares in the company, valued at $8,077,093.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Viridian Ria LLC increased its stake in shares of Home Depot by 12.1% in the second quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after buying an additional 255 shares during the period. Nadler Financial Group Inc. increased its stake in shares of Home Depot by 11.6% in the second quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock worth $496,000 after buying an additional 264 shares during the period. Eagle Capital Management LLC increased its stake in shares of Home Depot by 1.4% in the third quarter. Eagle Capital Management LLC now owns 19,839 shares of the home improvement retailer’s stock worth $4,110,000 after buying an additional 265 shares during the period. Exencial Wealth Advisors LLC increased its stake in shares of Home Depot by 6.5% in the second quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock worth $856,000 after buying an additional 266 shares during the period. Finally, Bingham Osborn & Scarborough LLC increased its stake in shares of Home Depot by 11.2% in the second quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock worth $529,000 after buying an additional 273 shares during the period. 69.38% of the stock is currently 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.

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