Home Depot Inc (HD) PT Set at $179.00 by Royal Bank Of Canada

Home Depot Inc (NYSE:HD) has been assigned a $179.00 price target by stock analysts at Royal Bank Of Canada in a report released on Monday. The firm currently has a “buy” rating on the home improvement retailer’s stock. Royal Bank Of Canada’s target price points to a potential upside of 7.97% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Oppenheimer Holdings, Inc. set a $178.00 target price on shares of Home Depot and gave the company a “buy” rating in a research note on Tuesday, August 15th. Jefferies Group LLC reissued a “buy” rating on shares of Home Depot in a research note on Monday, July 24th. Sanford C. Bernstein reissued a “market perform” rating and set a $152.00 target price on shares of Home Depot in a research note on Wednesday, July 12th. Wedbush reissued a “market perform” rating on shares of Home Depot in a research note on Wednesday, August 16th. Finally, Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $172.38.

Home Depot (NYSE:HD) opened at 165.78 on Monday. The firm has a market capitalization of $195.42 billion, a price-to-earnings ratio of 23.86 and a beta of 1.07. The firm’s 50-day moving average is $163.12 and its 200 day moving average is $155.63. Home Depot has a 12 month low of $119.82 and a 12 month high of $167.94.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. Home Depot had a net margin of 9.51% and a return on equity of 285.19%. Home Depot’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.97 EPS. Equities analysts predict that Home Depot will post $7.33 earnings per share for the current year.

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In related news, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the completion of the sale, the executive vice president now directly owns 33,147 shares in the company, valued at $4,984,977.33. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ann Marie Campbell sold 10,717 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the sale, the executive vice president now owns 64,810 shares of the company’s stock, valued at $9,877,044. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,717 shares of company stock valued at $8,916,321. 0.26% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of Home Depot by 0.4% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock worth $241,000 after purchasing an additional 6 shares during the period. Mascoma Wealth Management LLC boosted its holdings in shares of Home Depot by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares during the period. Paragon Wealth Strategies LLC boosted its holdings in shares of Home Depot by 0.4% during the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 7 shares during the period. Pineno Levin & Ford Asset Management Inc. boosted its holdings in shares of Home Depot by 0.3% during the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock worth $400,000 after purchasing an additional 9 shares during the period. Finally, Silicon Valley Capital Partners boosted its holdings in shares of Home Depot by 0.6% during the second quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock worth $228,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 71.52% of the company’s stock.

About Home Depot

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

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