Home Depot (NYSE:HD) had its price objective increased by stock analysts at Stifel Nicolaus from $209.00 to $230.00 in a report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the home improvement retailer’s stock. Stifel Nicolaus’ price objective points to a potential upside of 11.99% from the company’s previous close.
Several other research analysts have also recently issued reports on HD. Piper Jaffray Companies reaffirmed a “hold” rating and set a $164.00 price objective on shares of Home Depot in a research report on Sunday, October 1st. Gordon Haskett initiated coverage on Home Depot in a research report on Tuesday, October 3rd. They set a “buy” rating and a $189.00 price objective for the company. Credit Suisse Group set a $171.00 price objective on Home Depot and gave the stock a “buy” rating in a research report on Friday, October 13th. Robert W. Baird set a $175.00 price objective on Home Depot and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Royal Bank of Canada set a $179.00 price objective on Home Depot and gave the stock a “buy” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot has a consensus rating of “Buy” and an average target price of $187.76.
Home Depot (HD) traded down $0.85 during trading hours on Thursday, hitting $205.37. The stock had a trading volume of 3,537,498 shares, compared to its average volume of 4,650,000. The firm has a market cap of $239,820.00, a PE ratio of 28.48, a P/E/G ratio of 1.90 and a beta of 1.11. Home Depot has a twelve month low of $136.33 and a twelve month high of $207.10. 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 announced that its board has authorized a share repurchase program on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.
In other Home Depot news, EVP Matt Carey sold 41,396 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of HD. Moloney Securities Asset Management LLC raised its stake in shares of Home Depot by 12.7% during the 4th quarter. Moloney Securities Asset Management LLC now owns 5,367 shares of the home improvement retailer’s stock worth $1,017,000 after buying an additional 605 shares in the last quarter. Financial & Investment Management Group Ltd. purchased a new position in shares of Home Depot during the 4th quarter worth approximately $220,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Home Depot by 21.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 963,185 shares of the home improvement retailer’s stock worth $182,555,000 after buying an additional 166,845 shares in the last quarter. Courier Capital LLC raised its stake in shares of Home Depot by 8.6% during the 4th quarter. Courier Capital LLC now owns 10,225 shares of the home improvement retailer’s stock worth $1,938,000 after buying an additional 811 shares in the last quarter. Finally, Hanson & Doremus Investment Management raised its stake in shares of Home Depot by 82.8% during the 4th quarter. Hanson & Doremus Investment Management now owns 883 shares of the home improvement retailer’s stock worth $167,000 after buying an additional 400 shares in the last quarter. 70.14% of the stock is owned by institutional investors.
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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.
