Home Depot (NYSE:HD - Get Free Report) had its price objective dropped by Robert W. Baird from $430.00 to $425.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the home improvement retailer's stock. Robert W. Baird's target price points to a potential upside of 13.45% from the company's current price.
A number of other research firms have also weighed in on HD. Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price target on Home Depot from $470.00 to $410.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. DA Davidson dropped their price objective on Home Depot from $470.00 to $450.00 in a research note on Tuesday. Telsey Advisory Group restated an "outperform" rating and issued a $455.00 target price on shares of Home Depot in a report on Tuesday. Finally, Guggenheim reaffirmed a "buy" rating and issued a $450.00 target price on shares of Home Depot in a research note on Wednesday. Eight analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $427.81.
Check Out Our Latest Stock Report on Home Depot
Home Depot Price Performance
HD traded down $2.45 during midday trading on Wednesday, hitting $374.60. The stock had a trading volume of 890,760 shares, compared to its average volume of 3,545,246. Home Depot has a 1 year low of $323.77 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The business has a fifty day moving average of $358.99 and a 200 day moving average of $387.78. The company has a market cap of $372.36 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.
Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The business had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company posted $3.63 EPS. As a group, equities analysts forecast that Home Depot will post 15.13 earnings per share for the current fiscal year.
Institutional Trading of Home Depot
Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Home Depot by 0.8% in the first quarter. Vanguard Group Inc. now owns 96,484,199 shares of the home improvement retailer's stock worth $35,360,494,000 after acquiring an additional 720,447 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Home Depot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 21,957,463 shares of the home improvement retailer's stock worth $8,525,046,000 after buying an additional 257,036 shares in the last quarter. Asset Planning Services Inc. LA ADV increased its position in shares of Home Depot by 99,400.7% during the first quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock valued at $6,954,431,000 after acquiring an additional 18,956,701 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Home Depot by 6.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,415,278 shares of the home improvement retailer's stock valued at $5,282,398,000 after acquiring an additional 891,326 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Home Depot in the 4th quarter worth $5,032,910,000. 70.86% of the stock is owned by hedge funds and other institutional investors.
Home Depot Company Profile
(
Get Free Report)
The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
Further Reading
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