Share on StockTwits

The Home Depot (NYSE:HD) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 10,540,243 shares, a drop of 37.1% from the March 31st total of 16,752,334 shares, Analyst Ratings News reports. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 7,460,716 shares, the short-interest ratio is currently 1.4 days.

A number of analysts have recently weighed in on HD shares. Analysts at BMO Capital Markets upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating in a research note on Thursday. They now have a $90.00 price target on the stock, up previously from $82.00. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $88.11.

The Home Depot (NYSE:HD) opened at 77.05 on Friday. The Home Depot has a 1-year low of $72.21 and a 1-year high of $83.20. The stock has a 50-day moving average of $78.45 and a 200-day moving average of $78.93. The company has a market cap of $106.4 billion and a P/E ratio of 20.50.

The Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.02. The company had revenue of $17.70 billion for the quarter, compared to the consensus estimate of $17.92 billion. Analysts expect that The Home Depot will post $4.43 EPS for the current fiscal year.

The Home Depot, Inc (NYSE:HD) is a home improvement retailer.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.