Home Depot, Inc. (The) (NYSE:HD) received a $171.00 price objective from stock analysts at Credit Suisse Group in a research report issued on Friday. The firm currently has a “buy” rating on the home improvement retailer’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 3.89% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Gordon Haskett began coverage on Home Depot, Inc. (The) in a research note on Tuesday, October 3rd. They issued a “buy” rating and a $189.00 price target on the stock. Piper Jaffray Companies reissued a “hold” rating and issued a $164.00 price target on shares of Home Depot, Inc. (The) in a research note on Sunday, October 1st. Zacks Investment Research cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada reissued a “buy” rating and issued a $179.00 price target on shares of Home Depot, Inc. (The) in a research note on Monday, September 18th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Home Depot, Inc. (The) in a research note on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $172.38.

Home Depot, Inc. (NYSE:HD) opened at 164.59 on Friday. The firm has a 50-day moving average of $158.93 and a 200-day moving average of $153.90. The stock has a market capitalization of $194.02 billion, a price-to-earnings ratio of 23.69 and a beta of 1.07. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $166.63.

Home Depot, Inc. (The) (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to analysts’ expectations of $27.84 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. Home Depot, Inc. (The)’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $1.97 EPS. Equities research analysts forecast that Home Depot, Inc. will post $7.33 earnings per share for the current fiscal year.

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In related news, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the sale, the executive vice president now directly owns 33,147 shares in the company, valued at approximately $4,984,977.33. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,717 shares of company stock valued at $8,916,321. Corporate insiders own 0.26% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. American Beacon Advisors Inc. acquired a new stake in Home Depot, Inc. (The) in the 1st quarter worth approximately $100,000. Jacobi Capital Management LLC lifted its holdings in Home Depot, Inc. (The) by 16.4% in the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in Home Depot, Inc. (The) by 114.1% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after purchasing an additional 397 shares during the last quarter. Glassman Wealth Services lifted its holdings in Home Depot, Inc. (The) by 38.3% in the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after purchasing an additional 300 shares during the last quarter. Finally, St. Johns Investment Management Company LLC lifted its holdings in Home Depot, Inc. (The) by 81.8% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after purchasing an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 71.38% of the company’s stock.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

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