Bank of America Corporation Boosts Home Depot, Inc. (The) (HD) Price Target to $190.00

Home Depot, Inc. (The) (NYSE:HD) had its price target lifted by Bank of America Corporation from $170.00 to $190.00 in a research report sent to investors on Wednesday. They currently have a buy rating on the home improvement retailer’s stock.

A number of other equities analysts have also weighed in on the stock. Vetr upgraded shares of Home Depot, Inc. (The) from a buy rating to a strong-buy rating and set a $166.59 price target for the company in a research report on Monday, August 28th. Sanford C. Bernstein reiterated a market perform rating and issued a $152.00 price target on shares of Home Depot, Inc. (The) in a research report on Wednesday, July 12th. Zacks Investment Research lowered shares of Home Depot, Inc. (The) from a buy rating to a hold rating in a research report on Wednesday, August 30th. Credit Suisse Group set a $171.00 price target on shares of Home Depot, Inc. (The) and gave the stock a buy rating in a research report on Friday, October 13th. Finally, BidaskClub lowered shares of Home Depot, Inc. (The) from a hold rating to a sell rating in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Home Depot, Inc. (The) presently has a consensus rating of Buy and an average price target of $173.18.

Shares of Home Depot, Inc. (HD) traded up $0.84 during midday trading on Wednesday, reaching $164.11. 3,554,200 shares of the company traded hands, compared to its average volume of 4,358,007. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.30 and a quick ratio of 0.48. The company has a market capitalization of $192,465.63, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. Home Depot, Inc. has a 12 month low of $122.92 and a 12 month high of $167.94.

Home Depot, Inc. (The) (NYSE:HD) last announced its earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.04. The company had revenue of $28.11 billion during the quarter, compared to analyst estimates of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.97 earnings per share. analysts predict that Home Depot, Inc. will post 7.32 EPS for the current fiscal year.

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In other Home Depot, Inc. (The) news, EVP Teresa Wynn Roseborough sold 15,000 shares of the stock in a transaction dated Monday, August 21st. The shares were 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 can be accessed through this hyperlink. Also, EVP Matt Carey sold 32,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction 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. Over the last 90 days, insiders sold 57,717 shares of company stock worth $8,916,321. Company insiders own 0.26% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Jackson Grant Investment Advisers Inc. lifted its position in shares of Home Depot, Inc. (The) by 0.4% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock valued at $241,000 after buying an additional 6 shares during the last quarter. Mascoma Wealth Management LLC lifted its position in shares of Home Depot, Inc. (The) by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares during the last quarter. Paragon Wealth Strategies LLC lifted its position in shares of Home Depot, Inc. (The) by 0.4% during the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock valued at $280,000 after buying an additional 7 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. lifted its position in shares of Home Depot, Inc. (The) by 0.3% during the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock valued at $400,000 after buying an additional 9 shares during the last quarter. Finally, Silicon Valley Capital Partners lifted its position in shares of Home Depot, Inc. (The) by 0.6% during the second quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock valued at $228,000 after buying an additional 9 shares during the last quarter. Institutional investors own 71.55% 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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