Home Depot (NYSE:HD) had its price objective boosted by research analysts at Robert W. Baird from $230.00 to $245.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage currently has an “accumulate” rating on the home improvement retailer’s stock. Robert W. Baird’s target price points to a potential upside of 8.47% from the stock’s previous close.

Several other analysts have also weighed in on HD. Wells Fargo & Co reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Home Depot in a research note on Tuesday. Loop Capital raised their price objective on Home Depot to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, August 21st. SunTrust Banks restated a “hold” rating and set a $208.00 price objective on shares of Home Depot in a research report on Wednesday, August 21st. Raymond James reiterated an “outperform” rating and issued a $250.00 target price on shares of Home Depot in a report on Tuesday, October 8th. Finally, Citigroup raised their price objective on Home Depot from $246.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $234.63.

HD traded down $12.99 during trading hours on Tuesday, reaching $225.86. The company’s stock had a trading volume of 14,630,262 shares, compared to its average volume of 2,516,741. Home Depot has a 52 week low of $158.09 and a 52 week high of $239.31. The company’s 50-day moving average is $233.67 and its 200-day moving average is $216.05. The firm has a market cap of $259.87 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.36 and a beta of 1.04.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share for the quarter, hitting the consensus estimate of $2.53. The firm had revenue of $27.22 billion for the quarter, compared to analysts’ expectations of $27.51 billion. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.51 EPS. Analysts predict that Home Depot will post 10.12 EPS for the current year.

In related news, CFO Carol B. Tome sold 145,400 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the sale, the chief financial officer now owns 496,374 shares in the company, valued at $108,725,760.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward P. Decker sold 22,908 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $227.15, for a total transaction of $5,203,552.20. Following the completion of the transaction, the executive vice president now directly owns 87,343 shares of the company’s stock, valued at approximately $19,839,962.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 177,508 shares of company stock valued at $39,076,428. 0.27% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of HD. Community Trust & Investment Co. increased its holdings in shares of Home Depot by 1.6% during the 3rd quarter. Community Trust & Investment Co. now owns 2,736 shares of the home improvement retailer’s stock worth $635,000 after buying an additional 43 shares during the last quarter. First American Trust FSB raised its stake in Home Depot by 2.1% during the 3rd quarter. First American Trust FSB now owns 2,186 shares of the home improvement retailer’s stock worth $508,000 after acquiring an additional 45 shares in the last quarter. Smith Salley & Associates raised its stake in Home Depot by 2.8% during the 3rd quarter. Smith Salley & Associates now owns 1,717 shares of the home improvement retailer’s stock worth $398,000 after acquiring an additional 47 shares in the last quarter. Empirical Finance LLC raised its stake in Home Depot by 1.7% during the 3rd quarter. Empirical Finance LLC now owns 2,814 shares of the home improvement retailer’s stock worth $653,000 after acquiring an additional 47 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake in Home Depot by 1.6% in the second quarter. Lindbrook Capital LLC now owns 3,056 shares of the home improvement retailer’s stock valued at $635,000 after purchasing an additional 49 shares during the period. 70.11% of the stock is currently owned by institutional investors and hedge funds.

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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The Fly

Analyst Recommendations for Home Depot (NYSE:HD)

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