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Analysts at Goldman Sachs lifted their price objective on shares of The Home Depot (NYSE:HD) to $93.00 in a research report issued to clients and investors on Wednesday. Goldman Sachs’ price objective points to a potential upside of 16.53% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of The Home Depot from $96.00 to $97.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. Separately, 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 Friday, May 16th. They now have a $90.00 price target on the stock, up previously from $82.00. Finally, analysts at Jefferies Group cut their price target on shares of The Home Depot from $94.00 to $90.00 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. The Home Depot presently has a consensus rating of “Buy” and a consensus price target of $88.31.

The Home Depot (NYSE:HD) traded down 1.15% on Wednesday, hitting $79.81. 4,918,060 shares of the company’s stock traded hands. 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 $78.94 and a 200-day moving average of $79.2. The company has a market cap of $109.1 billion and a P/E ratio of 20.52.

The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. The company had revenue of $19.70 billion for the quarter, compared to the consensus estimate of $19.96 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that The Home Depot will post $4.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Tuesday, June 3rd.

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

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