Home Depot (NYSE:HD) Upgraded at KGI Securities

Home Depot (NYSE:HD) was upgraded by research analysts at KGI Securities to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. Barclays lifted their target price on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Guggenheim restated a “buy” rating and set a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Wedbush reiterated an “outperform” rating and issued a $440.00 target price on shares of Home Depot in a research note on Wednesday, February 26th. Stifel Nicolaus upped their price target on shares of Home Depot from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Finally, Mizuho raised their price target on shares of Home Depot from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $436.50.

Home Depot Stock Down 2.1 %

Shares of HD opened at $381.55 on Monday. The firm has a market capitalization of $379.02 billion, a P/E ratio of 25.92, a P/E/G ratio of 4.03 and a beta of 1.05. Home Depot has a 12-month low of $323.77 and a 12-month high of $439.37. The firm has a fifty day moving average price of $401.00 and a 200-day moving average price of $399.71. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

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

Institutional Investors Weigh In On Home Depot

Several large investors have recently bought and sold shares of HD. SYM FINANCIAL Corp increased its holdings in Home Depot by 17.8% in the third quarter. SYM FINANCIAL Corp now owns 1,917 shares of the home improvement retailer’s stock valued at $777,000 after buying an additional 289 shares during the last quarter. Wealth Group Ltd. acquired a new position in shares of Home Depot in the 3rd quarter valued at $217,000. Swedbank AB grew its position in shares of Home Depot by 17.1% in the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock valued at $368,542,000 after buying an additional 132,967 shares during the last quarter. Impax Asset Management Group plc raised its stake in Home Depot by 81.8% during the 3rd quarter. Impax Asset Management Group plc now owns 9,558 shares of the home improvement retailer’s stock worth $3,873,000 after acquiring an additional 4,300 shares in the last quarter. Finally, Amalgamated Bank lifted its position in Home Depot by 2.4% in the third quarter. Amalgamated Bank now owns 215,374 shares of the home improvement retailer’s stock valued at $87,270,000 after acquiring an additional 5,043 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

About Home Depot

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.