Home Depot Inc (NYSE:HD) Given a $175.00 Price Target at Robert W. Baird
Home Depot Inc (NYSE:HD) has been given a $175.00 price target by analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the home improvement retailer’s stock. Robert W. Baird’s price target would indicate a potential upside of 13.44% from the company’s previous close.
Several other analysts also recently issued reports on the company. Vetr downgraded Home Depot from a “buy” rating to a “hold” rating and set a $164.09 price objective on the stock. in a report on Monday, June 19th. Barclays PLC restated an “overweight” rating and set a $165.00 price objective (up previously from $150.00) on shares of Home Depot in a report on Wednesday, May 17th. Royal Bank Of Canada restated an “outperform” rating and set a $176.00 price objective on shares of Home Depot in a report on Friday, June 16th. Citigroup Inc. restated a “buy” rating and set a $179.00 price objective (up previously from $168.00) on shares of Home Depot in a report on Wednesday, May 17th. Finally, BTIG Research boosted their price objective on Home Depot from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the stock. Home Depot currently has a consensus rating of “Buy” and an average price target of $165.12.
Shares of Home Depot (HD) opened at 154.26 on Tuesday. The stock’s 50 day moving average is $151.41 and its 200-day moving average is $149.89. Home Depot has a one year low of $119.20 and a one year high of $160.86. The stock has a market capitalization of $184.43 billion, a P/E ratio of 23.08 and a beta of 1.08.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.06. The firm had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. Home Depot had a return on equity of 194.77% and a net margin of 8.43%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.44 EPS. On average, equities research analysts expect that Home Depot will post $7.25 EPS for the current year.
In other Home Depot news, Director Wayne M. Hewett acquired 350 shares of Home Depot stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $157.11 per share, with a total value of $54,988.50. Following the completion of the transaction, the director now owns 1,400 shares of the company’s stock, valued at $219,954. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William G. Lennie sold 31,239 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $155.47, for a total value of $4,856,727.33. Following the completion of the sale, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at $7,197,328.18. The disclosure for this sale can be found here. Insiders have sold 128,900 shares of company stock valued at $20,167,386 in the last ninety days. Company insiders own 0.26% of the company’s stock.
Several large investors have recently bought and sold shares of HD. Baystate Wealth Management LLC boosted its stake in Home Depot by 155.7% in the first quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock valued at $441,000 after buying an additional 1,831 shares in the last quarter. Paragon Wealth Strategies LLC boosted its stake in Home Depot by 18.7% in the first quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock valued at $267,000 after buying an additional 286 shares in the last quarter. Norges Bank acquired a new stake in Home Depot during the fourth quarter valued at $1,502,692,000. Farmers & Merchants Investments Inc. boosted its stake in Home Depot by 5.9% in the first quarter. Farmers & Merchants Investments Inc. now owns 26,896 shares of the home improvement retailer’s stock valued at $3,949,000 after buying an additional 1,500 shares in the last quarter. Finally, McQueen Ball & Associates Inc. acquired a new stake in Home Depot during the first quarter valued at $226,000. 71.27% of the stock is owned by institutional investors.
About Home Depot
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 serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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