Home Depot, Inc. (The) (NYSE:HD) Stock Rating Lowered by Vetr Inc.
Home Depot, Inc. (The) (NYSE:HD) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They presently have a $159.21 price target on the home improvement retailer’s stock. Vetr‘s target price suggests a potential upside of 3.82% from the stock’s current price.
Several other research firms have also commented on HD. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a research report on Tuesday, April 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $158.00 target price on shares of Home Depot, Inc. (The) in a report on Tuesday, May 2nd. Credit Suisse Group set a $163.00 target price on Home Depot, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, May 2nd. BTIG Research lifted their target price on Home Depot, Inc. (The) from $155.00 to $175.00 and gave the company a “buy” rating in a report on Friday, May 5th. Finally, Atlantic Securities lowered Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 target price for the company. in a report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $164.48.
Home Depot, Inc. (NYSE:HD) opened at 153.35 on Monday. Home Depot, Inc. has a 12-month low of $119.20 and a 12-month high of $160.86. The company’s 50-day moving average price is $151.74 and its 200-day moving average price is $148.97. The stock has a market cap of $183.34 billion, a PE ratio of 22.95 and a beta of 1.08.
Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, beating the consensus estimate of $1.61 by $0.06. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. During the same quarter last year, the firm earned $1.44 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities analysts expect that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.
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In other news, EVP Ann Marie Campbell sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the sale, the executive vice president now owns 54,091 shares of the company’s stock, valued at approximately $8,468,486.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wayne M. Hewett purchased 350 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average cost of $157.11 per share, for a total transaction of $54,988.50. Following the purchase, the director now directly owns 1,400 shares in the company, valued at $219,954. The disclosure for this purchase can be found here. Insiders have sold a total of 128,900 shares of company stock worth $20,167,386 in the last three months. Corporate insiders own 0.26% of the company’s stock.
Large investors have recently made changes to their positions in the company. American Beacon Advisors Inc. bought a new stake in Home Depot, Inc. (The) during the first quarter worth about $100,000. Advantage Investment Management LLC bought a new stake in Home Depot, Inc. (The) during the fourth quarter worth about $103,000. Riggs Asset Managment Co. Inc. raised its stake in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the last quarter. CT Financial Advisors LLC raised its stake in Home Depot, Inc. (The) by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. bought a new stake in Home Depot, Inc. (The) during the fourth quarter worth about $131,000. 71.52% of the stock is currently owned by institutional investors and hedge funds.
About Home Depot, Inc. (The)
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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