Bank of America downgraded shares of Home Depot (NYSE:HD) from a buy rating to a neutral rating in a research report released on Friday morning, MarketBeat.com reports. The firm currently has $195.00 price objective on the home improvement retailer’s stock, down from their previous price objective of $219.00.

HD has been the topic of a number of other research reports. Wells Fargo & Co reiterated a buy rating and set a $230.00 price target on shares of Home Depot in a report on Sunday, September 16th. Zacks Investment Research upgraded shares of Home Depot from a hold rating to a buy rating and set a $228.00 target price on the stock in a report on Friday, October 5th. Credit Suisse Group restated a neutral rating and issued a $204.00 target price (down previously from $222.00) on shares of Home Depot in a report on Wednesday, October 17th. UBS Group dropped their target price on shares of Home Depot from $225.00 to $220.00 and set a buy rating on the stock in a report on Wednesday, November 14th. Finally, Royal Bank of Canada dropped their target price on shares of Home Depot from $218.00 to $208.00 and set an outperform rating on the stock in a report on Monday, November 12th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $204.16.

Shares of HD opened at $177.02 on Friday. The stock has a market capitalization of $202.54 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.36 and a beta of 1.26. The company has a debt-to-equity ratio of 17.68, a quick ratio of 0.28 and a current ratio of 1.09. Home Depot has a fifty-two week low of $166.06 and a fifty-two week high of $215.43.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.24. Home Depot had a net margin of 10.00% and a return on equity of 664.88%. The business had revenue of $26.30 billion for the quarter, compared to analysts’ expectations of $26.23 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts predict that Home Depot will post 9.79 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 29th will be given a $1.03 dividend. The ex-dividend date is Wednesday, November 28th. This represents a $4.12 annualized dividend and a yield of 2.33%. Home Depot’s payout ratio is presently 55.23%.

In other Home Depot news, Director Manuel Kadre purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, November 14th. The shares were acquired at an average cost of $177.48 per share, for a total transaction of $354,960.00. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at $354,960. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Craig A. Menear sold 117,327 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the completion of the transaction, the chief executive officer now owns 264,970 shares in the company, valued at $47,805,887.40. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HD. Viridian Ria LLC grew 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 valued at $465,000 after acquiring an additional 255 shares in the last quarter. Nadler Financial Group Inc. grew 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 valued at $496,000 after acquiring an additional 264 shares in the last quarter. Eagle Capital Management LLC grew its stake in Home Depot by 1.4% during the third quarter. Eagle Capital Management LLC now owns 19,839 shares of the home improvement retailer’s stock valued at $4,110,000 after acquiring an additional 265 shares in the last quarter. Exencial Wealth Advisors LLC grew 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 valued at $856,000 after acquiring an additional 266 shares in the last quarter. Finally, Bingham Osborn & Scarborough LLC grew 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 valued at $529,000 after acquiring an additional 273 shares in the last quarter. Institutional investors and hedge funds own 69.52% of the company’s stock.

About Home Depot

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 d├ęcor 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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