Home Depot (NYSE:HD) had its target price upped by BTIG Research to $215.00 in a research report released on Thursday morning, The Fly reports. The firm currently has a buy rating on the home improvement retailer’s stock.

Several other analysts have also commented on the stock. Bank of America restated a buy rating and set a $170.00 price target on shares of Home Depot in a research report on Tuesday, September 5th. Vetr upgraded shares of 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 lowered shares of 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 shares of Home Depot and gave the company a buy rating in a research report on Friday, October 13th. Finally, BidaskClub lowered shares of Home Depot from a hold rating to a sell rating in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $182.06.

Home Depot (NYSE:HD) traded up $1.41 during trading hours on Thursday, hitting $183.41. 5,064,555 shares of the stock were exchanged, compared to its average volume of 5,343,533. The firm has a market capitalization of $214,176.86, a price-to-earnings ratio of 25.47, a P/E/G ratio of 1.86 and a beta of 1.11. Home Depot has a 1 year low of $131.10 and a 1 year high of $186.31. 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 released its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to analyst estimates of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. equities research analysts forecast that Home Depot will post 7.37 EPS for the current fiscal year.

Home Depot announced that its Board of Directors has initiated a stock buyback 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a $0.89 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.94%. Home Depot’s dividend payout ratio (DPR) is 49.44%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Beacon Advisors Inc. purchased a new position in shares of Home Depot in the first quarter worth about $100,000. Jacobi Capital Management LLC lifted its stake in shares of 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 buying an additional 101 shares in the last quarter. Burt Wealth Advisors lifted its stake in shares of 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 buying an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of 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 buying an additional 340 shares in the last quarter. Finally, Empire Life Investments Inc. lifted its stake in shares of 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 buying an additional 670 shares in the last quarter. Institutional investors and hedge funds 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.

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