Home Depot, Inc. (The) (HD) Given New $180.00 Price Target at Telsey Advisory Group

Home Depot, Inc. (The) (NYSE:HD) had its target price hoisted by Telsey Advisory Group from $175.00 to $180.00 in a research report sent to investors on Wednesday morning. The brokerage currently has an outperform rating on the home improvement retailer’s stock.

A number of other brokerages have also issued reports on HD. Zacks Investment Research lowered shares of Home Depot, Inc. (The) from a buy rating to a hold rating in a report on Friday, September 8th. Oppenheimer Holdings, Inc. set a $178.00 price objective on shares of Home Depot, Inc. (The) and gave the company a buy rating in a report on Tuesday. Jefferies Group LLC reiterated a buy rating and issued a $182.00 price objective on shares of Home Depot, Inc. (The) in a report on Thursday, August 10th. Citigroup Inc. reiterated a buy rating and issued a $179.00 price objective on shares of Home Depot, Inc. (The) in a report on Wednesday, August 16th. Finally, BMO Capital Markets reiterated an outperform rating on shares of Home Depot, Inc. (The) in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $175.66.

Home Depot, Inc. (NYSE:HD) traded up $2.03 during mid-day trading on Wednesday, hitting $167.50. 4,585,424 shares of the stock were exchanged, compared to its average volume of 4,403,778. The company has a market capitalization of $197,450.00, a PE ratio of 23.34, a P/E/G ratio of 1.71 and a beta of 1.08. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.30 and a quick ratio of 0.48. Home Depot, Inc. has a 52-week low of $125.70 and a 52-week high of $168.14.

Home Depot, Inc. (The) (NYSE:HD) last posted its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot, Inc. (The) had a net margin of 8.66% and a return on equity of 217.61%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. sell-side analysts forecast that Home Depot, Inc. will post 7.34 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.13%. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 49.38%.

In other Home Depot, Inc. (The) news, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the transaction, the executive vice president now directly owns 33,147 shares in the company, valued at approximately $4,984,977.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the transaction, the executive vice president now owns 62,483 shares in the company, valued at $9,816,079.30. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. Jackson Grant Investment Advisers Inc. raised its stake in shares of Home Depot, Inc. (The) by 0.4% during the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock worth $241,000 after purchasing an additional 6 shares during the period. Mascoma Wealth Management LLC raised its stake in shares of Home Depot, Inc. (The) by 0.6% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock worth $175,000 after purchasing an additional 7 shares during the period. Paragon Wealth Strategies LLC raised its stake in shares of Home Depot, Inc. (The) by 0.4% during the 2nd quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock worth $280,000 after purchasing an additional 7 shares during the period. Pineno Levin & Ford Asset Management Inc. raised its stake in shares of Home Depot, Inc. (The) by 0.3% during the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock worth $400,000 after purchasing an additional 9 shares during the period. Finally, Silicon Valley Capital Partners raised its stake in shares of Home Depot, Inc. (The) by 0.6% during the 2nd quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock worth $228,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 71.36% of the company’s stock.

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.

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

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