Home Depot (NYSE:HD) had its target price increased by Loop Capital to $195.00 in a research note published on Friday, The Fly reports. Loop Capital currently has a hold rating on the home improvement retailer’s stock.
A number of other research firms have also recently issued reports on HD. Telsey Advisory Group reiterated a market perform rating and issued a $5.00 target price (down from $7.50) on shares of Tile Shop in a research note on Wednesday, May 1st. Wedbush set a $190.00 target price on Home Depot and gave the company a hold rating in a research note on Wednesday, May 22nd. Goldman Sachs Group upgraded Altria Group from a neutral rating to a buy rating and set a $59.00 target price on the stock in a research note on Thursday, July 11th. ValuEngine upgraded Valmont Industries from a sell rating to a hold rating in a research note on Friday, July 12th. Finally, Stifel Nicolaus set a $154.00 target price on argenx and gave the company a buy rating in a research note on Wednesday, May 22nd. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $207.78.
Shares of HD opened at $211.27 on Friday. The stock’s fifty day moving average price is $207.73. 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 $234.40 billion, a PE ratio of 21.36, a PEG ratio of 1.96 and a beta of 1.12. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.04 and a quick ratio of 0.26.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.10. The company had revenue of $26.38 billion for the quarter, compared to analysts’ expectations of $26.34 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.24%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $2.08 earnings per share. Sell-side analysts predict that Home Depot will post 10.17 EPS for the current year.
In other news, EVP Timothy A. Hourigan sold 13,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $193.30, for a total transaction of $2,512,900.00. Following the transaction, the executive vice president now directly owns 64,575 shares of the company’s stock, valued at $12,482,347.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 34,688 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $202.09, for a total value of $7,010,097.92. Following the transaction, the executive vice president now directly owns 81,982 shares in the company, valued at $16,567,742.38. The disclosure for this sale can be found here. Insiders have sold 82,522 shares of company stock worth $16,156,831 over the last three months. Corporate insiders own 0.27% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Roman Butler Fullerton & Co. grew its holdings in Home Depot by 2.5% during the second quarter. Roman Butler Fullerton & Co. now owns 12,480 shares of the home improvement retailer’s stock worth $2,595,000 after acquiring an additional 307 shares during the period. Clear Harbor Asset Management LLC grew its holdings in Home Depot by 2.5% during the second quarter. Clear Harbor Asset Management LLC now owns 3,498 shares of the home improvement retailer’s stock worth $727,000 after acquiring an additional 86 shares during the period. Cim LLC grew its holdings in Home Depot by 18.2% during the second quarter. Cim LLC now owns 1,980 shares of the home improvement retailer’s stock worth $412,000 after acquiring an additional 305 shares during the period. Roof Eidam & Maycock ADV grew its holdings in Home Depot by 3.0% during the second quarter. Roof Eidam & Maycock ADV now owns 5,187 shares of the home improvement retailer’s stock worth $1,079,000 after acquiring an additional 151 shares during the period. Finally, Murphy Capital Management Inc. grew its holdings in Home Depot by 1.7% during the second quarter. Murphy Capital Management Inc. now owns 54,510 shares of the home improvement retailer’s stock worth $11,336,000 after acquiring an additional 922 shares during the period. 69.44% of the stock is currently owned by hedge funds and other institutional investors.
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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