Home Depot, Inc. (The) (NYSE:HD) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $165.39 price target on the home improvement retailer’s stock. Vetr‘s target price would suggest a potential upside of 6.52% from the company’s current price.

A number of other research firms have also recently weighed in on HD. BMO Capital Markets set a $176.00 price target on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Barclays PLC reaffirmed an “overweight” rating and issued a $165.00 price objective (up from $150.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. UBS AG reissued a “buy” rating and set a $175.00 price target (up from $173.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Citigroup Inc. reissued a “buy” rating and set a $179.00 price target (up from $168.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Finally, Oppenheimer Holdings, Inc. set a $178.00 price target on shares of Home Depot, Inc. (The) and gave the stock a “buy” rating in a research report on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $164.72.

Shares of Home Depot, Inc. (NYSE HD) traded up 1.25% during trading on Wednesday, reaching $155.26. 3,844,857 shares of the company were exchanged. The stock’s 50 day moving average is $151.74 and its 200 day moving average is $148.97. The company has a market capitalization of $185.62 billion, a price-to-earnings ratio of 23.23 and a beta of 1.08. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.06. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. The business had revenue of $23.89 billion for the quarter, compared to analysts’ expectations of $23.74 billion. During the same period last year, the business earned $1.44 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that Home Depot, Inc. will post $7.24 earnings per share for the current year.

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In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $155.47, for a total value of $4,856,727.33. Following the completion of the transaction, the executive vice president now owns 46,294 shares in the company, valued at $7,197,328.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann Marie Campbell sold 7,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total value of $1,095,920.00. Following the completion of the transaction, the executive vice president now owns 54,091 shares of the company’s stock, valued at approximately $8,468,486.96. The disclosure for this sale can be found here. Insiders sold 128,900 shares of company stock valued at $20,167,386 in the last quarter. 0.26% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Biegel & Waller LLC purchased a new position in shares of Home Depot, Inc. (The) during the fourth quarter worth $609,000. Cypress Wealth Advisors LLC raised its stake in Home Depot, Inc. (The) by 6.9% in the fourth quarter. Cypress Wealth Advisors LLC now owns 4,285 shares of the home improvement retailer’s stock worth $575,000 after buying an additional 275 shares during the last quarter. CAMG Solamere Management LLC bought a new stake in Home Depot, Inc. (The) during the fourth quarter worth approximately $2,023,000. Bridgeworth LLC bought a new stake in Home Depot, Inc. (The) during the fourth quarter worth approximately $421,000. Finally, Worth Venture Partners LLC bought a new stake in Home Depot, Inc. (The) during the fourth quarter worth approximately $203,000. Institutional investors and hedge funds own 71.52% of the company’s stock.

Home Depot, Inc. (The) 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

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