Home Depot (NYSE:HD)‘s stock had its “outperform” rating reissued by stock analysts at Telsey Advisory Group in a research report issued on Friday. They currently have a $220.00 price objective on the home improvement retailer’s stock, up from their previous price objective of $190.00. Telsey Advisory Group’s target price would suggest a potential upside of 10.93% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Robert W. Baird reaffirmed an “outperform” rating and issued a $195.00 target price on shares of Home Depot in a research report on Thursday, November 30th. SunTrust Banks upped their target price on Home Depot from $167.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, December 7th. Bank of America upped their target price on Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Gordon Haskett began coverage on Home Depot in a research report on Tuesday, October 3rd. They issued a “buy” rating and a $189.00 target price for the company. Finally, Zacks Investment Research downgraded Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Home Depot has an average rating of “Buy” and an average target price of $184.39.

Shares of Home Depot (NYSE:HD) opened at $198.33 on Friday. Home Depot has a 1 year low of $134.60 and a 1 year high of $200.24. The company has a debt-to-equity ratio of 9.54, a quick ratio of 0.39 and a current ratio of 1.23. The stock has a market capitalization of $231,600.00, a PE ratio of 27.51, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ 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 the consensus estimate of $24.53 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. equities research analysts forecast that Home Depot will post 7.39 EPS for the current year.

Home Depot declared that its board has approved a stock buyback program on Wednesday, December 6th that allows the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

In related news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the transaction, the executive vice president now owns 29,559 shares in the company, valued at $5,410,183.77. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jacobi Capital Management LLC raised its position in shares of Home Depot by 16.4% during the 2nd 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 during the period. Burt Wealth Advisors raised its position in shares of Home Depot by 83.5% during the 3rd quarter. Burt Wealth Advisors now owns 870 shares of the home improvement retailer’s stock worth $142,000 after purchasing an additional 396 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in shares of Home Depot by 63.4% during the 3rd 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 during the period. Empire Life Investments Inc. raised its position in shares of Home Depot by 233.4% during the 3rd 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 during the period. Finally, CMH Wealth Management LLC acquired a new stake in shares of Home Depot during the 4th quarter worth approximately $197,000. Hedge funds and other institutional investors own 70.18% 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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