Home Depot, Inc. (The) (NYSE:HD)‘s stock had its “buy” rating restated by analysts at Stifel Nicolaus in a note issued to investors on Wednesday. They currently have a $178.00 target price on the home improvement retailer’s stock. Stifel Nicolaus’ target price suggests a potential upside of 16.91% from the company’s previous close.

Several other equities research analysts have also recently commented on HD. Atlantic Securities cut 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 note on Thursday, May 11th. Oppenheimer Holdings, Inc. set a $178.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a research note on Tuesday, May 16th. UBS AG restated a “buy” rating and issued a $175.00 target price (up previously from $173.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Sanford C. Bernstein restated a “market perform” rating and issued a $152.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have issued a buy rating to the stock. Home Depot, Inc. (The) presently has a consensus rating of “Buy” and a consensus target price of $167.31.

Home Depot, Inc. (NYSE HD) traded up 1.39% during trading on Wednesday, reaching $152.25. The company had a trading volume of 6,043,346 shares. Home Depot, Inc. has a 52-week low of $119.20 and a 52-week high of $160.86. The company has a market capitalization of $182.02 billion, a PE ratio of 22.78 and a beta of 1.08. The company 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 target of some unusual options trading on Monday. Stock traders acquired 31,506 put options on the stock. This represents an increase of approximately 331% compared to the average volume of 7,312 put options.

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

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In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the company’s 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 transaction, the executive vice president now directly 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 SEC, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hudson Bay Capital Management LP raised its position in shares of Home Depot, Inc. (The) by 103.6% in the fourth quarter. Hudson Bay Capital Management LP now owns 3,000 shares of the home improvement retailer’s stock worth $402,000 after buying an additional 86,000 shares in the last quarter. RMB Capital Management LLC raised its position in shares of Home Depot, Inc. (The) by 19.3% in the fourth quarter. RMB Capital Management LLC now owns 33,545 shares of the home improvement retailer’s stock worth $4,498,000 after buying an additional 5,422 shares in the last quarter. Wealthfront Inc. raised its position in shares of Home Depot, Inc. (The) by 14.5% in the fourth quarter. Wealthfront Inc. now owns 28,725 shares of the home improvement retailer’s stock worth $3,851,000 after buying an additional 3,638 shares in the last quarter. Ibex Wealth Advisors raised its position in shares of Home Depot, Inc. (The) by 2.0% in the fourth quarter. Ibex Wealth Advisors now owns 25,363 shares of the home improvement retailer’s stock worth $3,439,000 after buying an additional 493 shares in the last quarter. Finally, Dodge & Cox purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth approximately $11,406,000. 71.27% of the stock is currently owned by hedge funds and other 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.

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

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