The Home Depot (HD) Given a $187.00 Price Target by Loop Capital Analysts

Loop Capital set a $187.00 price objective on The Home Depot (NYSE:HD) in a research report released on Tuesday morning. The brokerage currently has a hold rating on the home improvement retailer’s stock.

Several other equities analysts also recently weighed in on HD. Wells Fargo set a $205.00 target price on The Home Depot and gave the company a buy rating in a research report on Tuesday. Credit Suisse Group set a $222.00 target price on The Home Depot and gave the company a buy rating in a research report on Monday. Bank of America set a $215.00 target price on The Home Depot and gave the company a buy rating in a research report on Tuesday. Zacks Investment Research downgraded The Home Depot from a hold rating to a sell rating in a research report on Tuesday, April 24th. Finally, BMO Capital Markets boosted their target price on The Home Depot from $191.00 to $213.00 and gave the company an outperform rating in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $195.95.

Shares of HD opened at $187.98 on Tuesday. The company has a market cap of $223.13 billion, a PE ratio of 25.20, a PEG ratio of 1.42 and a beta of 1.14. The Home Depot has a 1 year low of $185.20 and a 1 year high of $191.00. The company has a debt-to-equity ratio of 16.69, a quick ratio of 0.38 and a current ratio of 1.17.

The Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.03. The firm had revenue of $24.95 billion for the quarter, compared to the consensus estimate of $25.17 billion. The Home Depot had a return on equity of 306.73% and a net margin of 8.55%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. equities analysts forecast that The Home Depot will post 9.44 EPS for the current fiscal year.

In other The Home Depot news, CEO Craig A. Menear sold 113,687 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $183.79, for a total value of $20,894,533.73. Following the completion of the sale, the chief executive officer now directly owns 237,957 shares in the company, valued at approximately $43,734,117.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Armando M. Codina bought 6,650 shares of the stock in a transaction on Friday, March 2nd. The stock was purchased at an average price of $178.66 per share, with a total value of $1,188,089.00. Following the completion of the acquisition, the director now directly owns 42,300 shares in the company, valued at approximately $7,557,318. The disclosure for this purchase can be found here. Insiders sold a total of 169,027 shares of company stock valued at $31,220,882 over the last quarter. Company insiders own 0.25% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Chip Wealth Management Inc. purchased a new stake in shares of The Home Depot during the 1st quarter worth $1,401,000. Assetmark Inc. lifted its stake in shares of The Home Depot by 7.3% during the 1st quarter. Assetmark Inc. now owns 228,888 shares of the home improvement retailer’s stock worth $40,797,000 after purchasing an additional 15,518 shares during the last quarter. WealthPLAN Partners LLC lifted its stake in shares of The Home Depot by 106.1% during the 1st quarter. WealthPLAN Partners LLC now owns 5,471 shares of the home improvement retailer’s stock worth $975,000 after purchasing an additional 2,817 shares during the last quarter. Rainier Group Investment Advisory LLC lifted its stake in shares of The Home Depot by 35.3% during the 1st quarter. Rainier Group Investment Advisory LLC now owns 5,368 shares of the home improvement retailer’s stock worth $957,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Kiwi Wealth Investments Limited Partnership lifted its stake in shares of The Home Depot by 30.5% during the 1st quarter. Kiwi Wealth Investments Limited Partnership now owns 105,392 shares of the home improvement retailer’s stock worth $18,785,000 after purchasing an additional 24,628 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.

About The Home Depot

Warning: file_get_contents(https://ca.finance.yahoo.com/quote/HD/profile?p=HD): failed to open stream: HTTP request failed! HTTP/1.0 504 Connection Timed Out
in /home/thecerbatgem/public_html/download.php on line 7

Analyst Recommendations for The Home Depot (NYSE:HD)

Receive News & Ratings for The Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit