Home Depot (NYSE:HD) had its price target lifted by Stifel Nicolaus from $200.00 to $210.00 in a research report released on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the home improvement retailer’s stock.

Other equities analysts also recently issued research reports about the company. Citigroup cut their price objective on Home Depot from $224.00 to $218.00 and set a buy rating on the stock in a research report on Monday, April 1st. Zacks Investment Research downgraded Home Depot from a hold rating to a sell rating in a research report on Tuesday, May 7th. Robert W. Baird reaffirmed a positive rating on shares of Home Depot in a research report on Thursday, April 25th. Telsey Advisory Group reaffirmed a market perform rating and issued a $192.00 price objective on shares of Home Depot in a research report on Wednesday, May 1st. Finally, Bank of America reaffirmed a neutral rating and issued a $202.00 price objective on shares of Home Depot in a research report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $205.29.

Shares of Home Depot stock opened at $188.91 on Wednesday. The firm has a market capitalization of $211.34 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.04. Home Depot has a 52 week low of $158.09 and a 52 week high of $215.43.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.10. The company had revenue of $26.38 billion for the quarter, compared to the consensus estimate of $26.34 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. Home Depot’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.08 EPS. On average, equities analysts expect that Home Depot will post 10.34 EPS for the current fiscal year.

Home Depot declared that its board has initiated a share repurchase program on Tuesday, February 26th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to reacquire up to 6.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

In other news, EVP Mark Holifield sold 12,000 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $183.60, for a total transaction of $2,203,200.00. Following the transaction, the executive vice president now owns 39,794 shares of the company’s stock, valued at approximately $7,306,178.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Edward P. Decker sold 23,744 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total value of $4,343,489.92. Following the transaction, the executive vice president now directly owns 86,813 shares in the company, valued at approximately $15,880,702.09. The disclosure for this sale can be found here. Insiders have sold a total of 41,194 shares of company stock worth $7,553,141 in the last three months. Corporate insiders own 0.27% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of HD. Oregon Public Employees Retirement Fund boosted its position in Home Depot by 8,331.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock valued at $125,000 after purchasing an additional 21,212,570 shares in the last quarter. Norges Bank bought a new stake in Home Depot during the fourth quarter valued at about $2,053,401,000. Wellington Management Group LLP boosted its position in Home Depot by 30.7% during the first quarter. Wellington Management Group LLP now owns 17,277,312 shares of the home improvement retailer’s stock valued at $3,315,343,000 after purchasing an additional 4,055,289 shares in the last quarter. Capital International Investors boosted its position 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 valued at $1,466,780,000 after purchasing an additional 3,991,462 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Home Depot by 16.6% during the first quarter. Geode Capital Management LLC now owns 15,472,926 shares of the home improvement retailer’s stock valued at $2,965,126,000 after purchasing an additional 2,201,963 shares in the last quarter. 69.31% of the stock is currently owned by institutional investors and hedge funds.

Home Depot Company Profile

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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Analyst Recommendations for Home Depot (NYSE:HD)

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