Home Depot (NYSE:HD)‘s stock had its “buy” rating reissued by equities research analysts at Citigroup in a report issued on Thursday. They presently have a $213.00 price target on the home improvement retailer’s stock. Citigroup’s price target indicates a potential upside of 17.03% from the company’s current price.

Other equities analysts have also issued reports about the company. Barclays set a $165.00 price target on Home Depot and gave the company a “buy” rating in a research note on Wednesday, August 16th. BTIG Research reaffirmed a “buy” rating and set a $175.00 price target on shares of Home Depot in a research note on Tuesday, August 15th. Credit Suisse Group set a $171.00 price target on Home Depot and gave the company a “buy” rating in a research note on Tuesday, August 15th. Robert W. Baird set a $175.00 price target on Home Depot and gave the company a “buy” rating in a research note on Tuesday, August 15th. Finally, Oppenheimer set a $178.00 price target on Home Depot and gave the company a “buy” rating in a research note on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $181.67.

Shares of Home Depot (HD) traded up $1.20 during mid-day trading on Thursday, reaching $182.00. The company had a trading volume of 5,484,611 shares, compared to its average volume of 4,463,388. Home Depot has a 1-year low of $131.10 and a 1-year high of $186.31. The company has a market cap of $213,000.00, 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 debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping 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 business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. During the same period in the prior year, the company posted $1.60 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. sell-side analysts forecast that Home Depot will post 7.38 EPS for the current fiscal year.

Home Depot announced that its board has initiated a share buyback plan 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 plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in shares of Home Depot by 2,013.2% during the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after acquiring an additional 3,162,631 shares in the last quarter. Capital International Investors raised its holdings in shares of Home Depot by 132.5% during the third quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock worth $534,520,000 after acquiring an additional 1,862,134 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of Home Depot by 15,121.1% during the second quarter. Harbour Capital Advisors LLC now owns 1,865,037 shares of the home improvement retailer’s stock worth $12,158,000 after acquiring an additional 1,852,784 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Home Depot by 43.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 5,731,806 shares of the home improvement retailer’s stock worth $841,602,000 after acquiring an additional 1,734,963 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Home Depot by 8,118.8% during the third quarter. Stifel Financial Corp now owns 1,174,227 shares of the home improvement retailer’s stock worth $191,976,000 after acquiring an additional 1,159,940 shares in the last quarter. 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.

Analyst Recommendations for Home Depot (NYSE:HD)

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