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Shares of The Home Depot (NYSE:HD) hit a new 52-week high during trading on Wednesday after Jefferies Group raised their price target on the stock from $90.00 to $95.00, AnalystRatingsNetwork reports. Jefferies Group currently has a buy rating on the stock. The Home Depot traded as high as $83.39 and last traded at $83.19, with a volume of 2,006,708 shares trading hands. The stock had previously closed at $82.92.

HD has been the subject of a number of other recent research reports. Analysts at Wolfe Research upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Separately, analysts at Morgan Stanley initiated coverage on shares of The Home Depot in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $90.00 price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of The Home Depot to $93.00 in a research note on Wednesday, June 11th. 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 an average rating of “Buy” and a consensus price target of $88.50.

The stock has a 50-day moving average of $80.7 and a 200-day moving average of $79.33. The company has a market cap of $113.8 billion and a P/E ratio of 21.08. The Home Depot also saw some unusual options trading on Monday. Stock traders acquired 9,035 call options on the company. This is an increase of approximately 122% compared to the typical volume of 4,063 call options.

The Home Depot (NYSE:HD) last posted its quarterly earnings results 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 last year, the company posted $0.83 earnings per share. The Home Depot’s revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that The Home Depot will post $4.41 earnings per share for the current fiscal year.

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

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