Home Depot (NYSE:HD) Stock Price Expected to Rise, Mizuho Analyst Says

Home Depot (NYSE:HD) had its target price increased by equities research analysts at Mizuho from $435.00 to $440.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the home improvement retailer’s stock. Mizuho’s target price suggests a potential upside of 9.14% from the stock’s previous close.

HD has been the subject of several other reports. Evercore ISI decreased their target price on Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. UBS Group raised their price target on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley lifted their price target on shares of Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on Home Depot from $377.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Stifel Nicolaus raised their target price on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $423.74.

Home Depot Stock Down 1.3 %

HD stock opened at $403.17 on Wednesday. The stock’s 50 day moving average is $396.76 and its 200-day moving average is $365.25. Home Depot has a twelve month low of $287.24 and a twelve month high of $421.56. The firm has a market capitalization of $400.46 billion, a PE ratio of 27.13, a P/E/G ratio of 2.83 and a beta of 1.01. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to the consensus estimate of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.65 EPS. Sell-side analysts expect that Home Depot will post 14.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HD. Fairway Wealth LLC purchased a new position in shares of Home Depot in the 2nd quarter valued at approximately $25,000. Kings Path Partners LLC bought a new position in Home Depot in the second quarter worth $33,000. Denver PWM LLC purchased a new position in Home Depot during the second quarter valued at $40,000. Livelsberger Financial Advisory bought a new stake in shares of Home Depot during the 3rd quarter valued at $46,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Home Depot in the 2nd quarter worth about $47,000. 70.86% of the stock is currently owned by institutional investors.

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.