Home Depot logoStock analysts at StockNews.com began coverage on shares of Home Depot (NYSE:HD – Get Rating) in a report released on Thursday. The firm sets a “hold” rating on the home improvement retailer’s stock.

Other equities research analysts have also recently issued research reports about the stock. Raymond James cut shares of Home Depot from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 16th. Cowen dropped their target price on shares of Home Depot from $379.00 to $360.00 and set an “outperform” rating for the company in a research report on Wednesday, February 22nd. Evercore ISI dropped their target price on shares of Home Depot from $370.00 to $340.00 and set an “outperform” rating for the company in a research report on Wednesday, February 22nd. Piper Sandler dropped their target price on shares of Home Depot from $320.00 to $300.00 in a research report on Wednesday, February 15th. Finally, DA Davidson dropped their target price on shares of Home Depot from $334.00 to $306.00 and set a “neutral” rating for the company in a research report on Wednesday, February 22nd. Thirteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $331.45.

Home Depot Price Performance

HD stock opened at $287.97 on Thursday. The company has a debt-to-equity ratio of 26.86, a quick ratio of 0.33 and a current ratio of 1.41. Home Depot has a 52 week low of $264.51 and a 52 week high of $347.25. The firm’s fifty day moving average is $311.86 and its 200 day moving average is $303.84. The firm has a market cap of $294.80 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.61 and a beta of 0.93.

Want More Great Investment Ideas?

Home Depot (NYSE:HD – Get Rating) last announced its quarterly earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.04. The business had revenue of $35.83 billion during the quarter, compared to analysts’ expectations of $36 billion. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.21 EPS. Research analysts predict that Home Depot will post 15.85 earnings per share for the current year.

Institutional Trading of Home Depot

A number of institutional investors and hedge funds have recently bought and sold shares of HD. Teamwork Financial Advisors LLC boosted its stake in shares of Home Depot by 1.4% in the 4th quarter. Teamwork Financial Advisors LLC now owns 2,309 shares of the home improvement retailer’s stock valued at $729,000 after buying an additional 31 shares during the period. Retirement Planning Co of New England Inc. lifted its stake in Home Depot by 0.5% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 5,769 shares of the home improvement retailer’s stock worth $1,822,000 after purchasing an additional 31 shares during the last quarter. Summit Asset Management LLC lifted its stake in Home Depot by 0.9% during the fourth quarter. Summit Asset Management LLC now owns 3,491 shares of the home improvement retailer’s stock worth $1,103,000 after purchasing an additional 31 shares during the last quarter. Insight Wealth Strategies LLC lifted its stake in Home Depot by 0.6% during the fourth quarter. Insight Wealth Strategies LLC now owns 5,794 shares of the home improvement retailer’s stock worth $1,830,000 after purchasing an additional 32 shares during the last quarter. Finally, Monterey Private Wealth Inc. lifted its stake in Home Depot by 2.2% during the fourth quarter. Monterey Private Wealth Inc. now owns 1,495 shares of the home improvement retailer’s stock worth $472,000 after purchasing an additional 32 shares during the last quarter. 68.31% of the stock is currently owned by institutional investors.

About Home Depot

(Get Rating)

The Home Depot, Inc. engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: US, Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

Featured Articles

Analyst Recommendations for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Home Depot and related companies with MarketBeat.com’s FREE daily email newsletter.

By Chiki