Home Depot (NYSE:HD) had its price objective hoisted by investment analysts at Morgan Stanley from $185.00 to $175.00 in a research note issued on Thursday. The firm presently has an “overweight” rating on the home improvement retailer’s stock. Morgan Stanley’s price objective indicates a potential downside of 3.85% from the company’s current price.

Several other research analysts also recently commented on the company. Bank of America reaffirmed a “buy” rating and issued a $170.00 price target on shares of Home Depot in a research report on Tuesday, September 5th. Vetr raised 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 downgraded 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 Home Depot and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, BidaskClub downgraded 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 assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $181.67.

Home Depot (HD) traded up $1.20 on Thursday, reaching $182.00. The company had a trading volume of 5,484,256 shares, compared to its average volume of 4,459,042. Home Depot has a 12-month low of $128.75 and a 12-month high of $186.31. 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 cap of $213,522.92, a price-to-earnings ratio of 25.40, a P/E/G ratio of 1.85 and a beta of 1.11.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $24.53 billion. During the same period in the previous year, the company earned $1.60 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. research analysts expect that Home Depot will post 7.38 EPS for the current year.

Home Depot announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Large investors have recently made changes to their positions in the business. American Beacon Advisors Inc. acquired a new position in Home Depot in the first quarter worth $100,000. Jacobi Capital Management LLC boosted its stake in Home Depot by 16.4% in the second 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 in the last quarter. Burt Wealth Advisors boosted its stake in Home Depot by 83.5% in the third quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after purchasing an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in Home Depot by 63.4% in the third 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 in the last quarter. Finally, Empire Life Investments Inc. boosted its stake in Home Depot by 233.4% in the third 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 in the last quarter. 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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