Vetr lowered shares of Home Depot, Inc. (The) (NYSE:HD) from a strong-buy rating to a buy rating in a report issued on Wednesday morning. They currently have $164.18 price target on the home improvement retailer’s stock.

Several other brokerages have also recently weighed in on HD. Royal Bank Of Canada reaffirmed an outperform rating and set a $176.00 price objective on shares of Home Depot, Inc. (The) in a research note on Friday, June 16th. Robert W. Baird set a $175.00 price objective on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a research note on Wednesday, May 17th. Zacks Investment Research raised shares of Home Depot, Inc. (The) from a hold rating to a buy rating and set a $170.00 price objective on the stock in a research note on Tuesday, April 25th. Atlantic Securities lowered shares of Home Depot, Inc. (The) from an overweight rating to a neutral rating and set a $168.00 target price on the stock. in a research report on Thursday, May 11th. Finally, BMO Capital Markets set a $176.00 target price on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $164.68.

Shares of Home Depot, Inc. (NYSE HD) opened at 148.08 on Wednesday. The stock’s 50 day moving average price is $152.29 and its 200-day moving average price is $148.52. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86. The company has a market cap of $177.04 billion, a PE ratio of 22.16 and a beta of 1.09.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share 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 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 company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 earnings per share. On average, equities research analysts forecast that Home Depot, Inc. will post $7.24 earnings per share for the current year.

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In related news, Director Wayne M. Hewett acquired 350 shares of the stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $157.11 per share, with a total value of $54,988.50. Following the completion of the transaction, the director now directly owns 1,400 shares of the company’s stock, valued at $219,954. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 7,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the sale, the executive vice president now directly owns 54,091 shares of the company’s stock, valued at approximately $8,468,486.96. 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. 0.26% of the stock is owned by insiders.

Several large investors have recently modified their holdings of HD. Flinton Capital Management LLC acquired a new position in Home Depot, Inc. (The) during the fourth quarter worth $42,218,000. Cpcm LLC acquired a new position in Home Depot, Inc. (The) during the fourth quarter worth $1,589,000. Sand Hill Global Advisors LLC increased its position in Home Depot, Inc. (The) by 35.2% in the fourth quarter. Sand Hill Global Advisors LLC now owns 2,522 shares of the home improvement retailer’s stock worth $338,000 after buying an additional 656 shares during the period. Parallel Advisors LLC acquired a new position in Home Depot, Inc. (The) during the fourth quarter worth $1,637,000. Finally, Menta Capital LLC increased its position in Home Depot, Inc. (The) by 77.3% in the fourth quarter. Menta Capital LLC now owns 36,691 shares of the home improvement retailer’s stock worth $4,920,000 after buying an additional 16,000 shares during the period. 71.44% of the stock is owned by institutional investors.

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.

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

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