Home Depot (NYSE:HD) had its price objective hoisted by research analysts at BTIG Research to $215.00 in a report released on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. BTIG Research’s price target would suggest a potential upside of 18.92% from the stock’s previous close.

Several other research firms have also commented on HD. Citigroup boosted their price target on Home Depot to $213.00 and gave the stock a “buy” rating in a research report on Thursday. Moffett Nathanson began coverage on Home Depot in a research report on Monday. They issued a “buy” rating for the company. Telsey Advisory Group boosted their price target on Home Depot from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday. Robert W. Baird reissued an “outperform” rating and issued a $195.00 price target on shares of Home Depot in a research report on Thursday, November 30th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $183.00 target price (up from $175.00) on shares of Home Depot in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Home Depot currently has a consensus rating of “Buy” and a consensus price target of $180.86.

Shares of Home Depot (HD) opened at $180.80 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. The firm has a market capitalization 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. Home Depot has a 1 year low of $128.75 and a 1 year high of $186.31.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.03. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. Home Depot’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 EPS. equities research analysts predict that Home Depot will post 7.38 earnings per share for the current 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.

A number of institutional investors have recently bought and sold shares of the business. Jackson Grant Investment Advisers Inc. raised its holdings in Home Depot by 0.4% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock worth $241,000 after purchasing an additional 6 shares during the period. Mascoma Wealth Management LLC raised its holdings in Home Depot by 0.6% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares during the period. Paragon Wealth Strategies LLC raised its holdings in Home Depot by 0.4% in the 2nd quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 7 shares during the period. Pineno Levin & Ford Asset Management Inc. raised its holdings in Home Depot by 0.3% in the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock worth $400,000 after purchasing an additional 9 shares during the period. Finally, Silicon Valley Capital Partners raised its holdings in Home Depot by 0.6% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock worth $228,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds 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.

The Fly

Analyst Recommendations for Home Depot (NYSE:HD)

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