Home Depot (NYSE:HD) PT Raised to $425.00 at UBS Group

Home Depot (NYSE:HD) had its price objective upped by stock analysts at UBS Group from $400.00 to $425.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the home improvement retailer’s stock. UBS Group’s price objective would indicate a potential upside of 18.61% from the stock’s current price.

A number of other brokerages have also issued reports on HD. DA Davidson upgraded Home Depot from a “neutral” rating to a “buy” rating and increased their target price for the company from $352.00 to $395.00 in a research report on Wednesday, June 26th. Wells Fargo & Company decreased their target price on Home Depot from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Thursday, May 9th. Citigroup decreased their target price on Home Depot from $415.00 to $395.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Jefferies Financial Group initiated coverage on Home Depot in a research report on Tuesday, July 16th. They set a “buy” rating and a $426.00 target price on the stock. Finally, Raymond James reissued a “market perform” rating on shares of Home Depot in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $384.00.

Home Depot Trading Down 0.5 %

Home Depot stock opened at $358.31 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. Home Depot has a 12 month low of $274.26 and a 12 month high of $396.87. The stock’s 50 day simple moving average is $350.04 and its two-hundred day simple moving average is $353.21. The firm has a market cap of $355.31 billion, a PE ratio of 24.15, a P/E/G ratio of 2.48 and a beta of 0.98.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter in the prior year, the firm posted $4.65 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. Analysts anticipate that Home Depot will post 15.28 earnings per share for the current year.

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors raised its position in shares of Home Depot by 7.2% during the 4th quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock worth $5,117,016,000 after acquiring an additional 992,444 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Home Depot by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after buying an additional 347,614 shares during the period. Norges Bank acquired a new position in Home Depot during the fourth quarter worth approximately $4,311,070,000. Fisher Asset Management LLC increased its position in Home Depot by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock worth $3,050,363,000 after buying an additional 195,670 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Home Depot by 1.2% in the second quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock valued at $2,931,328,000 after purchasing an additional 100,139 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

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.