Home Depot (NYSE:HD) has been assigned a $170.00 price target by Sanford C. Bernstein in a research report issued on Thursday. The firm presently has a “hold” rating on the home improvement retailer’s stock. Sanford C. Bernstein’s target price points to a potential downside of 7.16% from the company’s current price.

HD has been the topic of a number of other reports. Bank of America reissued a “buy” rating and set a $170.00 price target on shares of Home Depot in a research report on Tuesday, September 5th. Vetr raised shares of Home Depot from a “buy” rating to a “strong-buy” rating and set a $166.59 price target on the stock in a research report on Monday, August 28th. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Credit Suisse Group set a $171.00 price target on shares of Home Depot and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, BidaskClub lowered shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $181.67.

Shares of Home Depot (NYSE:HD) traded up $1.12 during midday trading on Thursday, reaching $183.12. 412,900 shares of the company traded hands, compared to its average volume of 4,463,394. The company has a market capitalization of $211,129.03, a price-to-earnings ratio of 25.11, a PEG ratio of 1.84 and a beta of 1.11. Home Depot has a fifty-two week low of $131.10 and a fifty-two week high of $186.31. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. Home Depot’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 earnings per share. equities analysts anticipate that Home Depot will post 7.37 EPS for the current year.

Home Depot declared that its board has authorized a stock repurchase program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in shares. This repurchase authorization allows the home improvement retailer to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of HD. American Beacon Advisors Inc. bought a new stake in shares of Home Depot in the 1st quarter worth approximately $100,000. Jacobi Capital Management LLC lifted its stake in Home Depot by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after acquiring an additional 101 shares during the period. Burt Wealth Advisors lifted its stake in Home Depot by 83.5% during the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock valued at $142,000 after acquiring an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its stake in Home Depot by 63.4% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 876 shares of the home improvement retailer’s stock valued at $145,000 after acquiring an additional 340 shares during the period. Finally, Empire Life Investments Inc. lifted its stake in Home Depot by 233.4% during the 3rd quarter. Empire Life Investments Inc. now owns 957 shares of the home improvement retailer’s stock valued at $157,000 after acquiring an additional 670 shares during the period. Hedge funds and other institutional investors own 70.37% of the company’s stock.

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Home Depot 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 (NYSE:HD)

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