Home Depot, Inc. (The) (NYSE:HD)‘s stock had its “buy” rating restated by research analysts at Citigroup Inc. in a report issued on Wednesday. They presently have a $179.00 target price on the home improvement retailer’s stock. Citigroup Inc.’s price objective points to a potential upside of 19.20% from the stock’s previous close.

A number of other equities analysts also recently issued reports on HD. Vetr downgraded Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $153.61 price target for the company. in a research note on Monday, April 24th. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research note on Tuesday, April 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $158.00 price target on shares of Home Depot, Inc. (The) in a research note on Tuesday, May 2nd. Credit Suisse Group set a $163.00 price target on Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Finally, BTIG Research lifted their price target on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, May 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Home Depot, Inc. (The) currently has a consensus rating of “Buy” and a consensus target price of $165.43.

Shares of Home Depot, Inc. (NYSE HD) opened at 152.1525 on Wednesday. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86. The company’s 50-day moving average price is $151.38 and its 200 day moving average price is $149.98. The company has a market cap of $181.91 billion, a price-to-earnings ratio of 22.7671 and a beta of 1.08. Home Depot, Inc. (The) also was the target of some unusual options trading on Monday. Stock traders purchased 31,506 put options on the company. This represents an increase of approximately 331% compared to the typical volume of 7,312 put options.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.04. The business had revenue of $28.11 billion during the quarter, compared to the consensus estimate of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.97 EPS. Equities analysts predict that Home Depot, Inc. will post $7.25 earnings per share for the current year.

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In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the sale, the executive vice president now owns 46,294 shares of the company’s stock, valued at approximately $7,197,328.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

A number of large investors have recently modified their holdings of HD. Norges Bank acquired a new stake in shares of Home Depot, Inc. (The) during the fourth quarter worth about $1,502,692,000. Janus Henderson Group PLC boosted its stake in shares of Home Depot, Inc. (The) by 2,013.2% in the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after buying an additional 3,162,631 shares during the last quarter. Boston Partners acquired a new stake in shares of Home Depot, Inc. (The) during the first quarter worth about $326,895,000. Harbour Capital Advisors LLC boosted its stake in shares of Home Depot, Inc. (The) by 15,121.1% in the second quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after buying an additional 1,852,784 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Home Depot, Inc. (The) by 43.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after buying an additional 1,734,963 shares during the last quarter. 71.27% of the stock is currently owned by institutional investors and hedge funds.

About Home Depot, Inc. (The)

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.

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

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