Home Depot's (HD) Market Perform Rating Reaffirmed at Sanford C. Bernstein

Home Depot (NYSE:HD - Get Free Report)'s stock had its "market perform" rating restated by research analysts at Sanford C. Bernstein in a report issued on Wednesday, Marketbeat reports. They presently have a $398.00 price target on the home improvement retailer's stock, up from their prior price target of $380.00. Sanford C. Bernstein's price target would suggest a potential upside of 9.59% from the company's previous close.

Several other equities analysts have also recently commented on HD. Wedbush reissued an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their target price on Home Depot from $470.00 to $410.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. DA Davidson cut their price target on Home Depot from $470.00 to $450.00 in a report on Tuesday, May 20th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $455.00 price target on shares of Home Depot in a research report on Tuesday, May 20th. Finally, Hsbc Global Res raised Home Depot from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $426.77.

Home Depot Trading Down 0.8%

Shares of HD traded down $2.96 during midday trading on Wednesday, hitting $363.17. 3,114,029 shares of the stock were exchanged, compared to its average volume of 3,431,641. 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 firm has a market cap of $361.00 billion, a P/E ratio of 24.67, a P/E/G ratio of 4.03 and a beta of 1.05. Home Depot has a 52-week low of $323.77 and a 52-week high of $439.37. The stock has a fifty day simple moving average of $359.90 and a 200 day simple moving average of $387.19.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm had revenue of $39.86 billion for the quarter, compared to analysts' expectations of $39.24 billion. During the same quarter last year, the business earned $3.63 earnings per share. The business's revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Home Depot will post 15.13 EPS for the current fiscal year.

Institutional Trading of Home Depot

A number of large investors have recently bought and sold shares of the business. MBL Wealth LLC raised its holdings in shares of Home Depot by 5.3% in the first quarter. MBL Wealth LLC now owns 5,498 shares of the home improvement retailer's stock valued at $2,015,000 after buying an additional 276 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Home Depot by 61.1% during the first quarter. Acadian Asset Management LLC now owns 187,366 shares of the home improvement retailer's stock worth $68,659,000 after purchasing an additional 71,073 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Home Depot by 14.0% during the first quarter. Geneos Wealth Management Inc. now owns 25,078 shares of the home improvement retailer's stock worth $9,191,000 after purchasing an additional 3,088 shares during the period. Acorns Advisers LLC increased its stake in Home Depot by 27.5% in the 1st quarter. Acorns Advisers LLC now owns 1,492 shares of the home improvement retailer's stock valued at $547,000 after buying an additional 322 shares during the period. Finally, Blue Rock Wealth Management LLC raised its position in Home Depot by 35.6% during the 1st quarter. Blue Rock Wealth Management LLC now owns 1,090 shares of the home improvement retailer's stock worth $399,000 after buying an additional 286 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company's stock.

About Home Depot

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.