Home Depot (NYSE:HD) Given Outperform Rating at Telsey Advisory Group

Home Depot (NYSE:HD)‘s stock had its “outperform” rating reaffirmed by stock analysts at Telsey Advisory Group in a note issued to investors on Tuesday,Benzinga reports. They presently have a $455.00 price target on the home improvement retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 20.04% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and lifted their target price for the stock from $356.00 to $410.00 in a report on Wednesday, February 26th. Piper Sandler reduced their target price on shares of Home Depot from $435.00 to $418.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Gordon Haskett cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Wells Fargo & Company reduced their price objective on shares of Home Depot from $445.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, May 8th. Finally, Guggenheim restated a “buy” rating and set a $450.00 target price on shares of Home Depot in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $430.32.

Home Depot Price Performance

Home Depot stock opened at $379.03 on Tuesday. Home Depot has a 52-week low of $323.77 and a 52-week high of $439.37. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 8.65. The firm’s fifty day moving average is $358.40 and its 200 day moving average is $387.85. The company has a market cap of $376.77 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.60 by ($0.04). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. During the same quarter in the previous year, the firm earned $3.63 EPS. Sell-side analysts forecast that Home Depot will post 15.13 EPS for the current fiscal year.

Institutional Trading of Home Depot

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Home Depot by 0.8% in the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer’s stock worth $35,360,494,000 after purchasing an additional 720,447 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Home Depot by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer’s stock worth $8,525,046,000 after buying an additional 257,036 shares in the last quarter. Asset Planning Services Inc. LA ADV grew its position in Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer’s stock valued at $6,954,431,000 after buying an additional 18,956,701 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Home Depot by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer’s stock valued at $5,282,398,000 after buying an additional 891,326 shares in the last quarter. Finally, Norges Bank purchased a new position in Home Depot in the fourth quarter valued at $5,032,910,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.