Home Depot (NYSE:HD) Given Outperform Rating at Telsey Advisory Group

Home Depot (NYSE:HD)‘s stock had its “outperform” rating restated by stock analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $455.00 price target on the home improvement retailer’s stock. Telsey Advisory Group’s target price points to a potential upside of 22.74% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Gordon Haskett cut Home Depot from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. HSBC upgraded shares of Home Depot from a “reduce” rating to a “hold” rating and boosted their target price for the company from $356.00 to $410.00 in a report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their target price on shares of Home Depot from $470.00 to $410.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Truist Financial lifted their price target on shares of Home Depot from $391.00 to $393.00 and gave the company a “buy” rating in a research report on Tuesday, May 6th. Finally, Robert W. Baird cut their price objective on shares of Home Depot from $440.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $427.92.

Home Depot Price Performance

Shares of Home Depot stock opened at $370.71 on Tuesday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. Home Depot has a one year low of $323.77 and a one year high of $439.37. The business’s 50 day simple moving average is $359.38 and its two-hundred day simple moving average is $387.66. The stock has a market capitalization of $368.50 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 4.03 and a beta of 1.05.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.03). Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. During the same period in the previous year, the business earned $3.63 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts forecast that Home Depot will post 15.13 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HD. Wealth Group Ltd. boosted its holdings in Home Depot by 5.0% in the fourth quarter. Wealth Group Ltd. now owns 563 shares of the home improvement retailer’s stock valued at $219,000 after purchasing an additional 27 shares in the last quarter. Tallon Kerry Patrick purchased a new stake in shares of Home Depot during the 4th quarter worth approximately $281,000. Capital & Planning LLC boosted its holdings in shares of Home Depot by 110.2% in the 4th quarter. Capital & Planning LLC now owns 1,074 shares of the home improvement retailer’s stock valued at $418,000 after buying an additional 563 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Home Depot in the 4th quarter valued at $634,000. Finally, Stillwater Capital Advisors LLC raised its stake in Home Depot by 1.0% during the 4th quarter. Stillwater Capital Advisors LLC now owns 50,798 shares of the home improvement retailer’s stock worth $19,760,000 after acquiring an additional 497 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.