Home Depot (NYSE:HD) Given "Outperform" Rating at Telsey Advisory Group

Home Depot (NYSE:HD - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $455.00 target price on the home improvement retailer's stock. Telsey Advisory Group's price objective suggests a potential upside of 22.72% from the company's current price.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada lowered their price target on shares of Home Depot from $424.00 to $399.00 and set a "sector perform" rating on the stock in a report on Thursday, May 15th. Wells Fargo & Company cut their price target on shares of Home Depot from $445.00 to $420.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Piper Sandler reduced their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Guggenheim reiterated a "buy" rating and issued a $450.00 price objective on shares of Home Depot in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group dropped their price objective on Home Depot from $461.00 to $456.00 in a research note on Tuesday, May 20th. Seven research 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, Home Depot has a consensus rating of "Moderate Buy" and a consensus price target of $426.77.

Home Depot Stock Performance

Shares of NYSE:HD traded down $1.10 during trading on Monday, hitting $370.75. 2,561,402 shares of the company were exchanged, compared to its average volume of 3,431,295. Home Depot has a 52-week low of $326.31 and a 52-week high of $439.37. The stock has a 50 day moving average of $364.63 and a 200 day moving average of $376.86. The company has a debt-to-equity ratio of 5.95, a current ratio of 1.09 and a quick ratio of 0.28. The company has a market cap of $368.87 billion, a PE ratio of 25.19, a P/E/G ratio of 3.55 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last issued 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). Home Depot had a return on equity of 242.51% and a net margin of 8.98%. The company had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same period last year, the company posted $3.63 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts predict that Home Depot will post 15.13 EPS for the current year.

Insider Buying and Selling at Home Depot

In related news, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $369.28, for a total transaction of $1,996,327.68. Following the completion of the sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This represents a 23.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Fahim Siddiqui sold 2,600 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the transaction, the executive vice president owned 7,951 shares in the company, valued at approximately $2,919,130.14. The trade was a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Institutional Trading of Home Depot

Several hedge funds and other institutional investors have recently bought and sold shares of HD. McLean Asset Management Corp raised its holdings in Home Depot by 2.0% during the 2nd quarter. McLean Asset Management Corp now owns 2,645 shares of the home improvement retailer's stock valued at $984,000 after buying an additional 53 shares during the last quarter. Sage Capital Advisors llc increased its position in shares of Home Depot by 1.9% in the second quarter. Sage Capital Advisors llc now owns 20,008 shares of the home improvement retailer's stock valued at $7,336,000 after acquiring an additional 366 shares during the period. Fiduciary Financial Group LLC raised its stake in shares of Home Depot by 3.6% during the second quarter. Fiduciary Financial Group LLC now owns 1,855 shares of the home improvement retailer's stock valued at $692,000 after acquiring an additional 65 shares during the last quarter. HBW Advisory Services LLC boosted its holdings in shares of Home Depot by 13.8% during the second quarter. HBW Advisory Services LLC now owns 5,361 shares of the home improvement retailer's stock worth $1,965,000 after purchasing an additional 651 shares during the period. Finally, Helen Stephens Group LLC boosted its holdings in shares of Home Depot by 5.9% during the second quarter. Helen Stephens Group LLC now owns 713 shares of the home improvement retailer's stock worth $261,000 after purchasing an additional 40 shares during the period. Institutional investors own 70.86% of the company's stock.

Home Depot Company Profile

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.