Loop Capital Raises Home Depot (NYSE:HD) Price Target to $360.00

Home Depot (NYSE:HD) had its price objective raised by Loop Capital from $330.00 to $360.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the home improvement retailer’s stock. Loop Capital’s target price would suggest a potential downside of 5.76% from the company’s current price.

Several other analysts also recently issued reports on HD. DA Davidson lifted their price target on shares of Home Depot from $395.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Saturday, May 25th. Royal Bank of Canada lowered their target price on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Jefferies Financial Group began coverage on shares of Home Depot in a research report on Tuesday, July 16th. They issued a “buy” rating and a $426.00 price target on the stock. Finally, Stifel Nicolaus lowered their price objective on Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $389.04.

Home Depot Stock Up 0.5 %

Home Depot stock opened at $382.01 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a market capitalization of $378.81 billion, a PE ratio of 25.62, a PEG ratio of 2.57 and a beta of 1.00. The firm’s fifty day moving average is $361.89 and its 200 day moving average is $353.93. Home Depot has a 12-month low of $274.26 and a 12-month high of $396.87.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. The business had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.65 EPS. As a group, sell-side analysts predict that Home Depot will post 15.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Gilbert & Cook Inc. increased its stake in Home Depot by 3.9% in the 4th quarter. Gilbert & Cook Inc. now owns 4,256 shares of the home improvement retailer’s stock worth $1,475,000 after acquiring an additional 158 shares during the last quarter. Aveo Capital Partners LLC grew its holdings in shares of Home Depot by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 2,686 shares of the home improvement retailer’s stock worth $931,000 after purchasing an additional 122 shares in the last quarter. 9258 Wealth Management LLC increased its position in shares of Home Depot by 4.2% in the fourth quarter. 9258 Wealth Management LLC now owns 13,883 shares of the home improvement retailer’s stock worth $4,811,000 after purchasing an additional 557 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in Home Depot by 161.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 6,355 shares of the home improvement retailer’s stock valued at $2,188,000 after purchasing an additional 3,923 shares in the last quarter. Finally, TrinityPoint Wealth LLC lifted its position in Home Depot by 4.1% during the fourth quarter. TrinityPoint Wealth LLC now owns 9,840 shares of the home improvement retailer’s stock valued at $3,410,000 after purchasing an additional 387 shares during the last quarter. 70.86% of the stock is owned by 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.