Home Depot (NYSE:HD) had its target price boosted by investment analysts at Robert W. Baird from $220.00 to $230.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the home improvement retailer’s stock. Robert W. Baird’s target price points to a potential upside of 4.82% from the company’s current price.

Several other research firms also recently commented on HD. Loop Capital boosted their target price on Home Depot to $200.00 and gave the stock a “hold” rating in a report on Wednesday. Credit Suisse Group reissued a “neutral” rating and issued a $213.00 target price (up from $192.00) on shares of Home Depot in a report on Tuesday. Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. Goldman Sachs Group began coverage on Home Depot in a report on Thursday, July 11th. They set a “buy” rating and a $235.00 price target on the stock. Finally, Gabelli downgraded Home Depot from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $218.61.

Home Depot stock traded up $2.34 during mid-day trading on Wednesday, hitting $219.43. The company had a trading volume of 159,084 shares, compared to its average volume of 3,180,222. The stock’s 50 day moving average price is $211.98 and its two-hundred day moving average price is $199.02. Home Depot has a 12 month low of $158.09 and a 12 month high of $219.30. The company has a market capitalization of $224.07 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The business had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. During the same period in the previous year, the company posted $3.05 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts predict that Home Depot will post 10.09 EPS for the current fiscal year.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 8,500 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $194.38, for a total value of $1,652,230.00. Following the transaction, the executive vice president now owns 13,357 shares of the company’s stock, valued at $2,596,333.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 13,000 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $193.30, for a total value of $2,512,900.00. Following the completion of the transaction, the executive vice president now directly owns 64,575 shares in the company, valued at approximately $12,482,347.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,522 shares of company stock worth $16,156,831. Corporate insiders own 0.27% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HD. Lindbrook Capital LLC boosted its stake in Home Depot by 1.6% during the second quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock valued at $635,000 after buying an additional 49 shares during the last quarter. First Command Financial Services Inc. lifted its holdings in Home Depot by 0.9% in the 2nd quarter. First Command Financial Services Inc. now owns 5,608 shares of the home improvement retailer’s stock worth $1,167,000 after buying an additional 50 shares in the last quarter. Canton Hathaway LLC lifted its holdings in Home Depot by 4.3% in the 2nd quarter. Canton Hathaway LLC now owns 1,202 shares of the home improvement retailer’s stock worth $250,000 after buying an additional 50 shares in the last quarter. Mercer Capital Advisers Inc. lifted its holdings in Home Depot by 1.9% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 2,730 shares of the home improvement retailer’s stock worth $568,000 after buying an additional 50 shares in the last quarter. Finally, Benin Management CORP lifted its holdings in Home Depot by 2.0% in the 2nd quarter. Benin Management CORP now owns 2,591 shares of the home improvement retailer’s stock worth $539,000 after buying an additional 50 shares in the last quarter. 69.35% of the stock is currently owned by institutional investors.

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 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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Analyst Recommendations for Home Depot (NYSE:HD)

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