Home Depot (NYSE:HD) had its price target lifted by stock analysts at Goldman Sachs Group to $246.00 in a research report issued on Tuesday, The Fly reports. The firm presently has a “buy” rating on the home improvement retailer’s stock. Goldman Sachs Group’s price objective points to a potential upside of 11.36% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other equities research analysts have also commented on the company. Wells Fargo & Co reiterated a “buy” rating and issued a $260.00 price target on shares of Home Depot in a research report on Tuesday. KeyCorp reiterated a “hold” rating on shares of Home Depot in a research report on Wednesday, August 21st. ValuEngine lowered Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus upped their price target on Home Depot to $230.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Credit Suisse Group upped their price target on Home Depot from $213.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $236.96.
NYSE HD opened at $220.90 on Tuesday. The business’s 50-day moving average price is $233.39 and its two-hundred day moving average price is $216.27. Home Depot has a 12 month low of $158.09 and a 12 month high of $239.31. The firm has a market capitalization of $259.87 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 2.36 and a beta of 1.04.
Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 EPS for the quarter, meeting analysts’ consensus estimates of $2.53. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The firm had revenue of $27.22 billion for the quarter, compared to analyst estimates of $27.51 billion. During the same quarter in the previous year, the company posted $2.51 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, analysts forecast that Home Depot will post 10.12 earnings per share for the current year.
In related news, EVP Edward P. Decker sold 22,908 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 87,343 shares in the company, valued at approximately $19,839,962.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Valmark Advisers Inc. boosted its holdings in Home Depot by 5.7% in the third quarter. Valmark Advisers Inc. now owns 3,464 shares of the home improvement retailer’s stock worth $804,000 after acquiring an additional 187 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Home Depot by 2.0% in the third quarter. Cetera Investment Advisers now owns 16,354 shares of the home improvement retailer’s stock worth $3,793,000 after acquiring an additional 322 shares in the last quarter. Financial Architects Inc boosted its holdings in Home Depot by 138.7% in the third quarter. Financial Architects Inc now owns 3,442 shares of the home improvement retailer’s stock worth $799,000 after acquiring an additional 2,000 shares in the last quarter. WT Wealth Management bought a new position in Home Depot in the third quarter worth approximately $480,000. Finally, First Allied Advisory Services Inc. boosted its holdings in Home Depot by 3.1% in the third quarter. First Allied Advisory Services Inc. now owns 40,445 shares of the home improvement retailer’s stock worth $9,360,000 after acquiring an additional 1,201 shares in the last quarter. Institutional investors own 70.11% of the company’s stock.
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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