BidaskClub downgraded shares of Home Depot, Inc. (The) (NYSE:HD) from a hold rating to a sell rating in a report released on Thursday.

Several other brokerages have also recently weighed in on HD. Vetr cut shares of Home Depot, Inc. (The) from a buy rating to a hold rating and set a $164.09 price target for the company. in a research note on Monday, June 19th. UBS AG reaffirmed a buy rating and set a $175.00 price target (up from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Citigroup Inc. reaffirmed a buy rating and set a $179.00 price target (up from $168.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Oppenheimer Holdings, Inc. set a $178.00 price target on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a research note on Tuesday, May 16th. Finally, Barclays PLC reaffirmed an overweight rating and set a $165.00 price target (up from $150.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $164.68.

Shares of Home Depot, Inc. (NYSE:HD) traded up 1.07% on Thursday, reaching $149.67. 1,641,065 shares of the company were exchanged. The stock has a 50 day moving average price of $152.29 and a 200-day moving average price of $148.52. The stock has a market capitalization of $178.94 billion, a P/E ratio of 22.40 and a beta of 1.09. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $1.44 EPS. On average, equities analysts expect that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.

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In other news, CEO Craig A. Menear sold 90,661 shares of Home Depot, Inc. (The) stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the completion of the sale, the chief executive officer now owns 240,090 shares of the company’s stock, valued at $37,643,711.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William G. Lennie sold 31,239 shares of Home Depot, Inc. (The) stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the sale, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at approximately $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 three months. Insiders own 0.26% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in Home Depot, Inc. (The) during the fourth quarter worth $1,502,692,000. Boston Partners purchased a new stake in Home Depot, Inc. (The) during the first quarter worth $326,895,000. Harbour Capital Advisors LLC increased its stake in 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 in the last quarter. Schwab Charles Investment Management Inc. increased its stake in 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 in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Home Depot, Inc. (The) during the fourth quarter worth $139,356,000. 71.48% of the stock is owned by institutional investors.

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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