Home Depot (NYSE:HD) PT Raised to $387.00

Home Depot (NYSE:HD - Get Free Report) had its price objective hoisted by Truist Financial from $356.00 to $387.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a "buy" rating on the home improvement retailer's stock. Truist Financial's target price indicates a potential upside of 10.55% from the company's previous close.

HD has been the topic of several other research reports. Guggenheim dropped their target price on Home Depot from $360.00 to $340.00 and set a "buy" rating on the stock in a report on Wednesday, November 15th. Morgan Stanley dropped their target price on Home Depot from $350.00 to $335.00 and set an "overweight" rating on the stock in a report on Wednesday, November 15th. Stifel Nicolaus upped their target price on Home Depot from $306.00 to $355.00 and gave the stock a "hold" rating in a report on Wednesday. StockNews.com lowered Home Depot from a "buy" rating to a "hold" rating in a report on Sunday, October 15th. Finally, Oppenheimer reiterated an "outperform" rating and set a $360.00 target price on shares of Home Depot in a report on Wednesday, November 15th. Twelve research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $343.00.

Home Depot Stock Up 0.4 %

Shares of HD stock traded up $1.40 on Thursday, hitting $350.06. 455,869 shares of the stock were exchanged, compared to its average volume of 3,644,504. The company has a current ratio of 1.30, a quick ratio of 0.33 and a debt-to-equity ratio of 28.37. The firm has a market capitalization of $348.40 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 2.62 and a beta of 0.94. The business has a 50-day moving average of $307.38 and a 200 day moving average of $312.43. Home Depot has a fifty-two week low of $274.26 and a fifty-two week high of $354.92.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $3.81 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.06. The company had revenue of $37.71 billion during the quarter, compared to analysts' expectations of $37.59 billion. Home Depot had a return on equity of 1,339.65% and a net margin of 10.22%. Home Depot's revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.24 earnings per share. Equities analysts anticipate that Home Depot will post 15.05 EPS for the current year.

Insider Buying and Selling

In related news, EVP William D. Bastek sold 1,612 shares of the company's stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $313.90, for a total transaction of $506,006.80. Following the completion of the sale, the executive vice president now owns 17,966 shares of the company's stock, valued at $5,639,527.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Kimberly R. Scardino sold 1,375 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $306.51, for a total value of $421,451.25. Following the completion of the transaction, the chief accounting officer now owns 6,744 shares of the company's stock, valued at $2,067,103.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 1,612 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $313.90, for a total transaction of $506,006.80. Following the completion of the transaction, the executive vice president now directly owns 17,966 shares of the company's stock, valued at approximately $5,639,527.40. The disclosure for this sale can be found here. Insiders sold 3,114 shares of company stock valued at $966,456 over the last quarter. 0.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. VisionPoint Advisory Group LLC bought a new position in Home Depot in the 2nd quarter valued at approximately $26,000. Fairfield Bush & CO. bought a new position in Home Depot in the 1st quarter valued at approximately $27,000. KB Financial Partners LLC bought a new position in Home Depot in the 1st quarter valued at approximately $28,000. Studio Investment Management LLC bought a new position in Home Depot in the 4th quarter valued at approximately $32,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Home Depot in the 1st quarter valued at approximately $37,000. Institutional investors own 68.34% of the company's stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.