Credit Suisse Group Analysts Give Home Depot (NYSE:HD) a $213.00 Price Target

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Credit Suisse Group set a $213.00 price target on Home Depot (NYSE:HD) in a report published on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the home improvement retailer’s stock.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Co raised their price target on Home Depot from $215.00 to $230.00 and gave the company an outperform rating in a research report on Wednesday, August 14th. Telsey Advisory Group restated a market perform rating and issued a $192.00 price objective on shares of Home Depot in a research note on Wednesday, May 1st. Loop Capital increased their price objective on shares of Home Depot to $195.00 and gave the company a hold rating in a report on Friday, July 19th. Stifel Nicolaus increased their price objective on shares of Home Depot to $230.00 and gave the stock a buy rating in a research report on Monday, August 12th. Finally, Robert W. Baird reiterated a positive rating on shares of Home Depot in a research note on Thursday, April 25th. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $220.11.

Shares of HD stock opened at $221.02 on Tuesday. The firm has a market capitalization of $238.86 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.01 and a beta of 1.12. Home Depot has a twelve month low of $158.09 and a twelve month high of $222.65. The stock’s fifty day simple moving average is $212.40 and its 200 day simple moving average is $199.39.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $0.10. The business had revenue of $30.84 billion for the quarter, compared to the consensus estimate of $30.98 billion. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.05 EPS. On average, sell-side analysts anticipate that Home Depot will post 10.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a yield of 2.46%. Home Depot’s dividend payout ratio (DPR) is 55.01%.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 8,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the completion of the sale, the executive vice president now directly owns 13,357 shares in the company, valued at approximately $2,596,333.66. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Matt Carey sold 34,688 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $202.09, for a total value of $7,010,097.92. Following the completion of the sale, the executive vice president now owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The disclosure for this sale can be found here. Insiders have sold 69,522 shares of company stock valued at $13,643,931 in the last three months. 0.27% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Krane Funds Advisors LLC purchased a new stake in shares of Home Depot in the 2nd quarter worth $25,000. Evolution Wealth Advisors LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $31,000. MRA Associates USA LLC acquired a new stake in Home Depot in the second quarter valued at approximately $34,000. Thor Advisors LLC acquired a new stake in shares of Home Depot during the first quarter worth $32,000. Finally, Virtus ETF Advisers LLC purchased a new position in shares of Home Depot during the fourth quarter worth $32,000. 69.35% of the stock is currently owned by institutional investors and hedge funds.

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Analyst Recommendations for Home Depot (NYSE:HD)

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