The Home Depot (NYSE:HD) had its price target hoisted by stock analysts at Jefferies Financial Group from $325.00 to $374.00 in a note issued to investors on Friday, The Fly reports. The firm presently has a “buy” rating on the home improvement retailer’s stock. Jefferies Financial Group’s target price suggests a potential upside of 14.93% from the company’s current price.
Several other research firms have also commented on HD. Morgan Stanley raised their price target on The Home Depot from $320.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday. Zelman & Associates downgraded The Home Depot from a “buy” rating to a “hold” rating in a research report on Thursday, April 15th. UBS Group increased their price target on shares of The Home Depot from $305.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, April 20th. Citigroup lifted their price objective on shares of The Home Depot from $288.00 to $375.00 in a report on Tuesday, May 4th. Finally, Loop Capital increased their target price on shares of The Home Depot from $310.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, April 19th. Five research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $314.68.
NYSE HD opened at $325.42 on Friday. The company has a debt-to-equity ratio of 21.39, a current ratio of 1.36 and a quick ratio of 0.72. The stock has a market capitalization of $349.90 billion, a P/E ratio of 28.15, a PEG ratio of 2.13 and a beta of 1.03. The firm’s 50-day moving average is $319.85 and its two-hundred day moving average is $284.19. The Home Depot has a 12 month low of $226.20 and a 12 month high of $345.69.
The Home Depot (NYSE:HD) last released its quarterly earnings results on Monday, February 22nd. The home improvement retailer reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02. The business had revenue of $32.26 billion for the quarter, compared to the consensus estimate of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The business’s revenue was up 25.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.28 EPS. As a group, analysts anticipate that The Home Depot will post 11.76 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of HD. Chase Investment Counsel Corp increased its holdings in shares of The Home Depot by 2.2% in the 1st quarter. Chase Investment Counsel Corp now owns 1,419 shares of the home improvement retailer’s stock valued at $433,000 after acquiring an additional 30 shares during the period. Parkside Financial Bank & Trust increased its stake in The Home Depot by 1.3% in the first quarter. Parkside Financial Bank & Trust now owns 2,424 shares of the home improvement retailer’s stock valued at $740,000 after purchasing an additional 30 shares during the period. Wealth Enhancement & Preservation of GA LLC raised its holdings in shares of The Home Depot by 0.7% in the first quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,577 shares of the home improvement retailer’s stock valued at $1,466,000 after buying an additional 31 shares during the last quarter. Bingham Osborn & Scarborough LLC boosted its stake in shares of The Home Depot by 2.0% during the first quarter. Bingham Osborn & Scarborough LLC now owns 1,568 shares of the home improvement retailer’s stock worth $479,000 after buying an additional 31 shares during the period. Finally, Baldwin Brothers Inc. MA grew its holdings in shares of The Home Depot by 1.7% during the first quarter. Baldwin Brothers Inc. MA now owns 1,892 shares of the home improvement retailer’s stock worth $578,000 after buying an additional 32 shares during the last quarter. Institutional investors own 68.71% of the company’s stock.
The 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, building materials, lawn and garden products, and dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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