Home Depot (NYSE:HD) had its price target increased by SunTrust Banks from $167.00 to $175.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has a “hold” rating on the home improvement retailer’s stock. SunTrust Banks’ target price points to a potential downside of 3.21% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Moffett Nathanson assumed coverage on Home Depot in a report on Monday. They set a “buy” rating for the company. Citigroup raised their price target on Home Depot to $213.00 and gave the company a “buy” rating in a report on Thursday. BTIG Research raised their price target on Home Depot to $215.00 and gave the company a “buy” rating in a report on Thursday. Sanford C. Bernstein restated a “market perform” rating and set a $170.00 price target (up previously from $162.00) on shares of Home Depot in a report on Thursday. Finally, Telsey Advisory Group raised their price target on Home Depot from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $180.86.

Home Depot (NYSE HD) opened at $180.80 on Thursday. 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 12 month low of $128.75 and a 12 month high of $186.31. The company has a market capitalization of $213,522.92, a PE ratio of 25.40, a PEG ratio of 1.85 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. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 earnings per share. research analysts expect that Home Depot will post 7.38 EPS for the current fiscal year.

Home Depot announced that its board has authorized a stock buyback plan on Wednesday, December 6th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Institutional investors and hedge funds have recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new stake in shares of Home Depot during the 1st quarter valued at approximately $100,000. Jacobi Capital Management LLC raised its holdings in Home Depot by 16.4% in 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 last quarter. Burt Wealth Advisors raised its holdings in Home Depot by 83.5% in 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 last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of 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 buying an additional 340 shares during the period. Finally, Empire Life Investments Inc. grew its stake in shares of 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 buying 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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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.

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