Piper Jaffray Companies restated their hold rating on shares of Home Depot (NYSE:HD) in a research report report published on Thursday morning. They currently have a $203.00 target price on the home improvement retailer’s stock.

Several other research analysts have also recently weighed in on HD. Wells Fargo & Co set a $205.00 price target on Home Depot and gave the company a buy rating in a research report on Tuesday, May 15th. ValuEngine upgraded Home Depot from a hold rating to a buy rating in a research report on Monday, July 2nd. UBS Group lifted their price target on Home Depot from $212.00 to $225.00 and gave the company a buy rating in a research report on Wednesday, June 20th. Loop Capital set a $187.00 price target on Home Depot and gave the company a hold rating in a research report on Tuesday, May 15th. Finally, Zacks Investment Research upgraded Home Depot from a sell rating to a hold rating in a research report on Wednesday, May 16th. One analyst has rated the stock with a sell rating, seven have issued 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 an average rating of Buy and an average target price of $203.35.

HD stock traded up $0.21 during trading on Thursday, hitting $195.60. 266,803 shares of the company traded hands, compared to its average volume of 4,718,297. The company has a current ratio of 1.17, a quick ratio of 0.37 and a debt-to-equity ratio of 14.37. The stock has a market cap of $226.44 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.50 and a beta of 1.14. Home Depot has a 1 year low of $146.89 and a 1 year high of $207.60.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.21. The company had revenue of $30.46 billion during the quarter, compared to analysts’ expectations of $30.04 billion. Home Depot had a return on equity of 399.15% and a net margin of 8.85%. Home Depot’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share. research analysts predict that Home Depot will post 9.46 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.11%. Home Depot’s dividend payout ratio (DPR) is presently 55.23%.

In other Home Depot news, Director Stephanie Linnartz acquired 1,000 shares of the business’s stock in a transaction dated Friday, June 1st. The stock was acquired at an average cost of $187.57 per share, for a total transaction of $187,570.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Viridian Ria LLC boosted its stake in Home Depot by 12.1% during the second quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after buying an additional 255 shares during the last quarter. Nadler Financial Group Inc. boosted its stake in Home Depot by 11.6% during the second quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock worth $496,000 after buying an additional 264 shares during the last quarter. Exencial Wealth Advisors LLC boosted its stake in Home Depot by 6.5% during the second quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock worth $856,000 after buying an additional 266 shares during the last quarter. Bingham Osborn & Scarborough LLC boosted its stake in Home Depot by 11.2% during the second quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock worth $529,000 after buying an additional 273 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its stake in Home Depot by 4.6% during the first quarter. First Mercantile Trust Co. now owns 6,216 shares of the home improvement retailer’s stock worth $1,108,000 after buying an additional 274 shares during the last quarter. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Analyst Recommendations for Home Depot (NYSE:HD)

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