Home Depot, Inc. (The) (NYSE:HD) Stock Rating Upgraded by BidaskClub

Home Depot, Inc. (The) (NYSE:HD) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other research analysts have also recently issued reports on the stock. Atlantic Securities cut shares of Home Depot, Inc. (The) from an “overweight” rating to a “neutral” rating and set a $168.00 price objective for the company. in a report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and set a $178.00 price objective (up previously from $165.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. 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, May 16th. UBS AG restated a “buy” rating and set a $175.00 price objective (up previously from $173.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $152.00 price objective on shares of Home Depot, Inc. (The) in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have assigned a buy rating to the company’s stock. Home Depot, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $164.72.

Shares of Home Depot, Inc. (NYSE:HD) traded up 0.96% during midday trading on Friday, hitting $155.35. 1,205,532 shares of the company’s stock traded hands. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $160.86. The firm has a market capitalization of $185.73 billion, a price-to-earnings ratio of 23.25 and a beta of 1.08. The company has a 50 day moving average price of $151.35 and a 200 day moving average price of $149.49.

Home Depot, Inc. (The) (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. The business had revenue of $23.89 billion during the quarter, compared to the consensus estimate of $23.74 billion. Home Depot, Inc. (The) had a net margin of 8.53% and a return on equity of 158.80%. Home Depot, Inc. (The)’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 earnings per share. Equities analysts anticipate that Home Depot, Inc. will post $7.25 earnings per share for the current year.

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In other Home Depot, Inc. (The) news, EVP William G. Lennie sold 31,239 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $155.47, for a total transaction of $4,856,727.33. Following the sale, the executive vice president now directly owns 46,294 shares of the company’s stock, valued at $7,197,328.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $156.56, for a total transaction of $1,095,920.00. Following the sale, the executive vice president now directly owns 54,091 shares in the company, valued at $8,468,486.96. The disclosure for this sale can be found here. Insiders have sold 128,900 shares of company stock worth $20,167,386 over the last ninety days. Insiders own 0.26% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HD. Baystate Wealth Management LLC raised its stake in Home Depot, Inc. (The) by 155.7% in the first quarter. Baystate Wealth Management LLC now owns 3,007 shares of the home improvement retailer’s stock valued at $441,000 after buying an additional 1,831 shares during the period. Paragon Wealth Strategies LLC raised its stake in Home Depot, Inc. (The) by 18.7% in the first quarter. Paragon Wealth Strategies LLC now owns 1,818 shares of the home improvement retailer’s stock valued at $267,000 after buying an additional 286 shares during the period. Norges Bank purchased a new stake in Home Depot, Inc. (The) during the fourth quarter valued at about $1,502,692,000. Farmers & Merchants Investments Inc. raised its stake in Home Depot, Inc. (The) by 5.9% in the first quarter. Farmers & Merchants Investments Inc. now owns 26,896 shares of the home improvement retailer’s stock valued at $3,949,000 after buying an additional 1,500 shares during the period. Finally, McQueen Ball & Associates Inc. purchased a new stake in Home Depot, Inc. (The) during the first quarter valued at about $226,000. 71.52% of the stock is currently owned by hedge funds and other institutional investors.

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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