Home Depot, Inc. (The) (NYSE:HD)‘s stock had its “outperform” rating reiterated by equities research analysts at Robert W. Baird in a note issued to investors on Thursday. They currently have a $150.00 target price on the home improvement retailer’s stock. Robert W. Baird’s price target suggests a potential upside of 5.49% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. Macquarie reissued a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, November 1st. Piper Jaffray Companies cut Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $152.00 to $121.00 in a research note on Monday, October 31st. Zacks Investment Research raised Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research note on Tuesday, January 17th. Jefferies Group LLC reissued a “buy” rating and set a $149.00 target price (down previously from $158.00) on shares of Home Depot, Inc. (The) in a research note on Sunday, December 4th. Finally, Wedbush reissued a “neutral” rating and set a $145.00 target price on shares of Home Depot, Inc. (The) in a research note on Friday, February 10th. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $145.79.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

Shares of Home Depot, Inc. (NYSE:HD) traded down 0.46% during midday trading on Thursday, hitting $141.54. The company’s stock had a trading volume of 4,558,874 shares. Home Depot, Inc. has a 12-month low of $118.75 and a 12-month high of $142.99. The firm has a 50-day moving average of $136.84 and a 200 day moving average of $131.88. The firm has a market cap of $172.42 billion, a price-to-earnings ratio of 22.98 and a beta of 1.09.

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In related news, EVP Edward P. Decker sold 20,000 shares of Home Depot, Inc. (The) stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $130.80, for a total value of $2,616,000.00. Following the completion of the transaction, the executive vice president now directly owns 63,878 shares in the company, valued at $8,355,242.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark C. Vadon bought 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The stock was bought at an average price of $129.87 per share, with a total value of $1,948,050.00. Following the completion of the acquisition, the director now owns 31,095 shares of the company’s stock, valued at approximately $4,038,307.65. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors increased its stake in shares of Home Depot, Inc. (The) by 0.4% in the second quarter. Capital World Investors now owns 86,279,401 shares of the home improvement retailer’s stock worth $11,017,017,000 after buying an additional 332,206 shares during the period. State Street Corp increased its stake in shares of Home Depot, Inc. (The) by 3.4% in the fourth quarter. State Street Corp now owns 55,351,612 shares of the home improvement retailer’s stock worth $7,421,539,000 after buying an additional 1,843,830 shares during the period. Cohen & Steers Inc. increased its stake in shares of Home Depot, Inc. (The) by 37,680.1% in the second quarter. Cohen & Steers Inc. now owns 35,400,000 shares of the home improvement retailer’s stock worth $32,480,000 after buying an additional 35,306,300 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Home Depot, Inc. (The) by 1.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 33,849,590 shares of the home improvement retailer’s stock worth $4,355,765,000 after buying an additional 338,536 shares during the period. Finally, BlackRock Fund Advisors increased its stake in shares of Home Depot, Inc. (The) by 2.7% in the third quarter. BlackRock Fund Advisors now owns 17,214,514 shares of the home improvement retailer’s stock worth $2,215,164,000 after buying an additional 453,490 shares during the period. Hedge funds and other institutional investors own 71.53% of the company’s stock.

Home Depot, Inc. (The) Company Profile

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 serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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