Home Depot (NYSE:HD) Earns Outperform Rating from Telsey Advisory Group

Home Depot (NYSE:HD)‘s stock had its “outperform” rating reiterated by equities research analysts at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They currently have a $455.00 price target on the home improvement retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 15.62% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Bank of America raised their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. HSBC upgraded Home Depot from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $356.00 to $410.00 in a report on Wednesday. Evercore ISI increased their price target on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada raised their price target on Home Depot from $363.00 to $413.00 and gave the company a “sector perform” rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus upped their price objective on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Eight research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $437.12.

Home Depot Price Performance

Shares of HD stock opened at $393.52 on Wednesday. The stock has a 50 day moving average price of $401.23 and a 200 day moving average price of $398.48. The firm has a market capitalization of $390.90 billion, a P/E ratio of 26.73, a P/E/G ratio of 4.03 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. Home Depot has a 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $3.13 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.09. The business had revenue of $39.70 billion during the quarter, compared to the consensus estimate of $39.15 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the company earned $2.82 earnings per share. As a group, sell-side analysts predict that Home Depot will post 15.13 earnings per share for the current year.

Institutional Investors Weigh In On Home Depot

Large investors have recently made changes to their positions in the stock. Synergy Asset Management LLC purchased a new stake in Home Depot during the 4th quarter valued at about $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Home Depot during the fourth quarter worth about $28,000. Navigoe LLC purchased a new stake in Home Depot in the fourth quarter valued at approximately $29,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Home Depot in the 4th quarter worth approximately $32,000. Finally, Quarry LP increased its holdings in Home Depot by 220.0% in the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 66 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.