Home Depot, Inc. (The) (NYSE:HD) has been assigned a $180.00 target price by research analysts at Bank of America Corporation in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. Bank of America Corporation’s price target would suggest a potential upside of 18.23% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Vetr cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price objective on the stock. in a research note on Monday, June 19th. Barclays PLC reissued an “overweight” rating and issued a $165.00 price objective (up from $150.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $176.00 price objective on shares of Home Depot, Inc. (The) in a research note on Friday, June 16th. Citigroup Inc. reissued a “buy” rating and issued a $179.00 price objective (up from $168.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Finally, BTIG Research increased their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Home Depot, Inc. (The) presently has an average rating of “Buy” and a consensus price target of $167.31.

Home Depot, Inc. (NYSE:HD) traded up 1.39% during trading on Wednesday, reaching $152.25. 6,040,786 shares of the company were exchanged. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86. The firm has a market capitalization of $182.02 billion, a PE ratio of 22.78 and a beta of 1.08. The stock has a 50 day moving average price of $151.38 and a 200 day moving average price of $149.98. Home Depot, Inc. (The) also was the recipient of some unusual options trading activity on Monday. Stock investors bought 31,506 put options on the company. This is an increase of 331% compared to the typical daily volume of 7,312 put options.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.97 EPS. On average, analysts expect that Home Depot, Inc. will post $7.25 EPS for the current fiscal year.

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In related news, EVP William G. Lennie sold 31,239 shares of the firm’s 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 transaction, the executive vice president now owns 46,294 shares in the company, valued at $7,197,328.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.26% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Beacon Advisors Inc. acquired a new position in Home Depot, Inc. (The) during the first quarter valued at approximately $100,000. Jacobi Capital Management LLC raised its position in Home Depot, Inc. (The) by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock valued at $109,000 after buying an additional 397 shares during the last quarter. CT Financial Advisors LLC raised its position in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares during the last quarter. Finally, University of Texas Investment Managment Co. acquired a new position in Home Depot, Inc. (The) during the first quarter valued at approximately $132,000. Hedge funds and other institutional investors own 71.27% 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 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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