Home Depot (NYSE:HD) had its price objective boosted by equities researchers at Telsey Advisory Group from $180.00 to $190.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the home improvement retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 2.76% from the stock’s current price.

Several other research analysts also recently commented on the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of Home Depot in a research note on Thursday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $183.00 price objective (up previously from $175.00) on shares of Home Depot in a research note on Wednesday, November 29th. Atlantic Securities raised Home Depot from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $174.16 to $174.95 in a research note on Tuesday, November 28th. Citigroup lifted their target price on Home Depot from $179.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, SunTrust Banks lifted their target price on Home Depot to $167.00 and gave the company a “hold” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $177.22.

Home Depot (HD) traded up $4.48 during midday trading on Monday, hitting $184.90. The stock had a trading volume of 6,192,508 shares, compared to its average volume of 4,440,484. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. Home Depot has a 1 year low of $128.68 and a 1 year high of $186.31. The company has a market capitalization of $215,920.00, a P/E ratio of 25.06, a P/E/G ratio of 1.83 and a beta of 1.11.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping the consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. During the same quarter last year, the company earned $1.60 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. analysts forecast that Home Depot will post 7.38 EPS for the current fiscal year.

In other Home Depot news, EVP Matt Carey sold 32,000 shares of Home Depot 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 sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. American Beacon Advisors Inc. purchased a new position in shares of Home Depot in the 1st quarter worth approximately $100,000. Jacobi Capital Management LLC boosted its holdings in shares of Home Depot 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 period. Burt Wealth Advisors boosted its holdings in shares of Home Depot by 83.5% in the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after purchasing an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Home Depot by 63.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock worth $145,000 after purchasing an additional 340 shares during the period. Finally, Empire Life Investments Inc. boosted its holdings in shares of Home Depot by 233.4% in the 3rd quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock worth $157,000 after purchasing an additional 670 shares during the period. 70.37% of the stock is currently owned by institutional investors and hedge funds.

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About Home Depot

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 (NYSE:HD)

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