Several other brokerages also recently commented on HD. Wedbush set a $190.00 target price on Home Depot and gave the stock a “hold” rating in a research note on Wednesday, May 22nd. Evercore ISI assumed coverage on Polarityte in a report on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 price target on the stock. Bank of America set a $7.00 price target on Deutsche Bank and gave the company a “sell” rating in a report on Thursday, April 11th. Royal Bank of Canada set a €86.00 ($100.00) price target on Henkel AG & Co KGaA and gave the company a “neutral” rating in a report on Tuesday, May 7th. Finally, Morgan Stanley lowered their price target on Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $206.94.
Shares of NYSE HD opened at $218.23 on Friday. Home Depot has a 52 week low of $158.09 and a 52 week high of $218.25. The business has a 50-day moving average of $203.01. The company has a current ratio of 1.04, a quick ratio of 0.26 and a debt-to-equity ratio of 17.68. The company has a market cap of $235.51 billion, a P/E ratio of 22.07, a P/E/G ratio of 1.98 and a beta of 1.12.
Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 EPS for the quarter, topping the consensus estimate of $2.17 by $0.10. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The business had revenue of $26.38 billion during the quarter, compared to the consensus estimate of $26.34 billion. During the same quarter last year, the company earned $2.08 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts predict that Home Depot will post 10.1 EPS for the current fiscal year.
In related news, EVP Timothy A. Hourigan sold 13,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $193.30, for a total transaction of $2,512,900.00. Following the transaction, the executive vice president now directly owns 64,575 shares of the company’s stock, valued at approximately $12,482,347.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 8,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $194.38, for a total value of $1,652,230.00. Following the transaction, the executive vice president now directly owns 13,357 shares in the company, valued at $2,596,333.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,522 shares of company stock worth $16,156,831. Insiders own 0.27% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Evolution Wealth Advisors LLC purchased a new position in shares of Home Depot during the 2nd quarter valued at about $31,000. Thor Advisors LLC purchased a new position in Home Depot in the 1st quarter worth approximately $32,000. Virtus ETF Advisers LLC purchased a new position in Home Depot in the 4th quarter worth approximately $32,000. Enlightenment Research LLC purchased a new position in Home Depot in the 4th quarter worth approximately $34,000. Finally, Private Ocean LLC increased its stake in Home Depot by 53.3% in the 4th quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 72 shares during the period. 69.34% of the stock is currently owned by institutional investors.
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 décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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