Home Depot (NYSE:HD) Stock Rating Upgraded by Telsey Advisory Group

Home Depot (NYSE:HD) was upgraded by research analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a $455.00 price objective on the home improvement retailer’s stock, up from their previous price objective of $360.00. Telsey Advisory Group’s price objective points to a potential upside of 12.10% from the stock’s previous close.

HD has been the topic of a number of other research reports. Daiwa America raised Home Depot to a “hold” rating in a report on Thursday, August 15th. Gordon Haskett raised shares of Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. Stifel Nicolaus decreased their price objective on shares of Home Depot from $380.00 to $375.00 and set a “hold” rating for the company in a report on Wednesday, August 14th. Oppenheimer lifted their target price on shares of Home Depot from $345.00 to $400.00 and gave the stock a “market perform” rating in a report on Tuesday, September 24th. Finally, Truist Financial upped their price target on shares of Home Depot from $455.00 to $459.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $420.04.

Home Depot Stock Up 1.6 %

HD opened at $405.90 on Friday. The company has a market capitalization of $403.18 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.69 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. Home Depot has a fifty-two week low of $286.79 and a fifty-two week high of $421.56. The business has a 50-day moving average of $395.19 and a 200-day moving average of $363.84.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $4.65 earnings per share. Equities research analysts forecast that Home Depot will post 15.01 EPS for the current fiscal year.

Institutional Trading of Home Depot

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its position in Home Depot by 51,250.1% in the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after buying an additional 8,762,735 shares in the last quarter. Wulff Hansen & CO. raised its stake in shares of Home Depot by 33,540.9% in the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock valued at $509,081,000 after acquiring an additional 1,474,459 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after acquiring an additional 971,833 shares in the last quarter. Swedbank AB bought a new stake in Home Depot during the 1st quarter worth approximately $301,364,000. Finally, Sarasin & Partners LLP increased its holdings in Home Depot by 95.2% during the 2nd quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer’s stock valued at $392,411,000 after purchasing an additional 556,053 shares in the last quarter. Institutional investors and hedge funds 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.