Home Depot (NYSE:HD) had its target price upped by research analysts at Deutsche Bank from $176.00 to $200.00 in a report issued on Thursday. The firm presently has a “buy” rating on the home improvement retailer’s stock. Deutsche Bank’s price target suggests a potential upside of 9.89% from the stock’s current price.

Several other research analysts also recently commented on the company. Bank of America reissued a “buy” rating and issued a $170.00 price objective on shares of Home Depot in a research note on Tuesday, September 5th. Vetr raised Home Depot from a “buy” rating to a “strong-buy” rating and set a $166.59 price objective for the company in a research note on Monday, August 28th. Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Credit Suisse Group set a $171.00 price objective on Home Depot and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, BidaskClub downgraded Home Depot from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Two equities research 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’s stock. The company currently has an average rating of “Buy” and an average target price of $181.60.

Shares of Home Depot (HD) traded up $1.20 during trading hours on Thursday, hitting $182.00. The stock had a trading volume of 5,424,673 shares, compared to its average volume of 4,459,042. Home Depot has a 52-week low of $128.75 and a 52-week high of $186.31. The stock has a market cap of $213,522.92, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $24.53 billion. During the same quarter last year, the firm posted $1.60 EPS. The business’s revenue was up 8.1% on a year-over-year basis. analysts forecast that Home Depot will post 7.38 earnings per share for the current year.

Home Depot announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional investors and hedge funds have recently modified their holdings of the business. Cohen & Steers Inc. increased its holdings in shares of Home Depot by 37,680.1% in the second quarter. Cohen & Steers Inc. now owns 35,400,000 shares of the home improvement retailer’s stock valued at $32,480,000 after purchasing an additional 35,306,300 shares during the period. Norges Bank purchased a new stake in shares of Home Depot in the fourth quarter valued at approximately $1,499,915,000. Jennison Associates LLC boosted its stake in shares of Home Depot by 273.5% in the fourth quarter. Jennison Associates LLC now owns 4,393,726 shares of the home improvement retailer’s stock valued at $581,070,000 after buying an additional 3,217,223 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Home Depot by 2,013.2% in the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock valued at $509,247,000 after buying an additional 3,162,631 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Home Depot in the second quarter valued at approximately $337,042,000. 70.37% of the stock is 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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