Home Depot, Inc. (The) (HD) PT Set at $185.00 by Robert W. Baird

Home Depot, Inc. (The) (NYSE:HD) received a $185.00 price target from analysts at Robert W. Baird in a report released on Tuesday. The brokerage currently has a “buy” rating on the home improvement retailer’s stock. Robert W. Baird’s price objective indicates a potential upside of 11.88% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other research analysts also recently issued reports on the company. Bank of America Corporation restated a “buy” rating and set a $170.00 price objective on shares of Home Depot, Inc. (The) in a research report on Tuesday, September 5th. Vetr upgraded Home Depot, Inc. (The) from a “buy” rating to a “strong-buy” rating and set a $166.59 price objective for the company in a research report on Monday, August 28th. Zacks Investment Research downgraded Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Credit Suisse Group AG set a $171.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, BidaskClub downgraded Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $173.58.

Home Depot, Inc. (NYSE:HD) traded up $1.24 during mid-day trading on Tuesday, hitting $165.35. 7,189,200 shares of the stock were exchanged, compared to its average volume of 4,370,916. Home Depot, Inc. has a 52 week low of $122.92 and a 52 week high of $167.94. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.48 and a current ratio of 1.30. The firm has a market cap of $194,920.00, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.04. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.53 billion. During the same period last year, the firm earned $1.60 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. equities research analysts expect that Home Depot, Inc. will post 7.32 earnings per share for the current year.

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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 transaction of $5,027,200.00. Following the completion of the sale, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the sale, the executive vice president now directly owns 64,810 shares of the company’s stock, valued at $9,877,044. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,717 shares of company stock valued at $8,916,321. 0.26% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. American Beacon Advisors Inc. acquired a new position in Home Depot, Inc. (The) in the 1st quarter worth $100,000. Jacobi Capital Management LLC lifted its holdings in Home Depot, Inc. (The) by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after buying an additional 101 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in Home Depot, Inc. (The) by 114.1% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares in the last quarter. Burt Wealth Advisors lifted its holdings in Home Depot, Inc. (The) by 83.5% in the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after buying an additional 396 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in Home Depot, Inc. (The) by 63.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after buying an additional 340 shares in the last quarter. 71.36% of the stock is owned by hedge funds and other 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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