Home Depot (NYSE:HD)‘s stock had its “buy” rating reiterated by investment analysts at Oppenheimer in a report issued on Thursday.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Robert W. Baird set a $175.00 price target on Home Depot and gave the company a “buy” rating in a research note on Sunday, September 10th. Royal Bank Of Canada set a $179.00 price target on Home Depot and gave the company a “buy” rating in a research note on Monday, October 30th. Credit Suisse Group set a $171.00 price target on Home Depot and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, Bank of America boosted their price objective on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two 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 issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $181.67.

Home Depot (NYSE HD) traded down $2.05 during trading hours on Thursday, reaching $180.80. The company’s stock had a trading volume of 6,892,400 shares, compared to its average volume of 4,459,042. The stock has a market cap of $213,000.00, a PE ratio of 25.40, a PEG ratio of 1.85 and a beta of 1.11. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot has a 52 week low of $128.75 and a 52 week high of $186.31.

Home Depot (NYSE:HD) last announced its earnings results 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. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. During the same quarter in the prior year, the business earned $1.60 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. sell-side analysts forecast that Home Depot will post 7.38 EPS for the current year.

Home Depot announced that its Board of Directors has approved a stock repurchase program 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HD. ING Groep NV grew its stake in Home Depot by 47.0% in the 1st quarter. ING Groep NV now owns 291,115 shares of the home improvement retailer’s stock valued at $42,744,000 after acquiring an additional 93,107 shares during the last quarter. State Treasurer State of Michigan lifted its holdings in shares of Home Depot by 8.7% during the 1st quarter. State Treasurer State of Michigan now owns 1,470,028 shares of the home improvement retailer’s stock worth $215,844,000 after acquiring an additional 117,400 shares during the period. Grimes & Company Inc. raised its holdings in Home Depot by 40.3% in the first quarter. Grimes & Company Inc. now owns 7,106 shares of the home improvement retailer’s stock valued at $1,043,000 after buying an additional 2,041 shares during the period. Alpha Cubed Investments LLC raised its holdings in Home Depot by 2.2% in the first quarter. Alpha Cubed Investments LLC now owns 5,563 shares of the home improvement retailer’s stock valued at $817,000 after buying an additional 118 shares during the period. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in Home Depot in the first quarter valued at approximately $265,000. 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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