Home Depot, Inc. (The) (NYSE:HD) had its price target upped by Telsey Advisory Group from $175.00 to $180.00 in a report released on Wednesday, Marketbeat.com reports. The brokerage currently has an outperform rating on the home improvement retailer’s stock.

Several other equities analysts also recently issued reports on HD. Jefferies Group LLC restated a buy rating and set a $182.00 price objective on shares of Home Depot, Inc. (The) in a report on Thursday, August 10th. Stifel Nicolaus reiterated a buy rating and issued a $178.00 price target on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. Wedbush reiterated a market perform rating on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. Citigroup Inc. reaffirmed a buy rating and set a $179.00 price objective on shares of Home Depot, Inc. (The) in a research note on Wednesday, August 16th. Finally, Bank of America Corporation set a $180.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $175.66.

Shares of Home Depot, Inc. (HD) opened at $167.74 on Wednesday. The firm has a market cap of $197,734.94, a PE ratio of 23.30, a P/E/G ratio of 1.70 and a beta of 1.08. Home Depot, Inc. has a one year low of $127.41 and a one year high of $168.43. The company has a quick ratio of 0.48, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.81 by $0.03. Home Depot, Inc. (The) had a net margin of 8.66% and a return on equity of 238.88%. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. During the same period in the prior year, the firm posted $1.60 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. analysts anticipate that Home Depot, Inc. will post 7.37 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a dividend of $0.89 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 annualized dividend and a yield of 2.12%. Home Depot, Inc. (The)’s dividend payout ratio is 49.44%.

In related news, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the sale, the executive vice president now owns 62,483 shares in the company, valued at approximately $9,816,079.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the completion of the sale, the executive vice president now owns 33,147 shares of the company’s stock, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in HD. Janus Henderson Group PLC increased its holdings in Home Depot, Inc. (The) by 2,013.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after purchasing an additional 3,162,631 shares in the last quarter. Boston Partners bought a new position in Home Depot, Inc. (The) during the 1st quarter worth about $326,895,000. Capital International Investors increased its holdings in Home Depot, Inc. (The) by 132.5% during the 3rd quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock worth $534,520,000 after purchasing an additional 1,862,134 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in Home Depot, Inc. (The) by 15,121.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after purchasing an additional 1,852,784 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Home Depot, Inc. (The) by 43.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after purchasing an additional 1,734,963 shares in the last quarter. Hedge funds and other institutional investors own 71.36% of the company’s stock.

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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