Loop Capital Boosts Home Depot (NYSE:HD) Price Target to $200.00

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Home Depot (NYSE:HD) had its price objective increased by Loop Capital to $200.00 in a report issued on Wednesday, The Fly reports. The brokerage currently has a hold rating on the home improvement retailer’s stock.

Several other equities analysts have also weighed in on the company. Goldman Sachs Group started coverage on Home Depot in a research note on Thursday, July 11th. They issued a buy rating and a $235.00 target price on the stock. Gabelli lowered Home Depot from a buy rating to a hold rating in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Royal Bank of Canada increased their target price on Home Depot from $229.00 to $233.00 and gave the company an outperform rating in a research note on Tuesday, August 20th. Citigroup increased their target price on Home Depot from $218.00 to $246.00 and gave the company a buy rating in a research note on Wednesday. Finally, Credit Suisse Group set a $213.00 target price on Home Depot and gave the company a neutral rating in a research note on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Home Depot currently has a consensus rating of Buy and a consensus price target of $220.11.

NYSE:HD opened at $217.47 on Wednesday. Home Depot has a 1-year low of $158.09 and a 1-year high of $222.65. The business’s 50-day moving average price is $212.53 and its two-hundred day moving average price is $199.56. The firm has a market capitalization of $242.50 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.04 and a beta of 1.12.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.07 by $0.10. Home Depot had a negative return on equity of 1,179.69% and a net margin of 10.18%. The firm had revenue of $30.84 billion for the quarter, compared to analyst estimates of $30.98 billion. During the same quarter in the prior year, the firm posted $3.05 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts expect that Home Depot will post 10.11 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.50%. Home Depot’s dividend payout ratio (DPR) is currently 55.01%.

In other Home Depot news, CFO Carol B. Tome sold 26,334 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $189.17, for a total value of $4,981,602.78. Following the completion of the sale, the chief financial officer now directly owns 519,253 shares in the company, valued at $98,227,090.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Carol B. Tome sold 145,400 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $219.04, for a total value of $31,848,416.00. Following the completion of the sale, the chief financial officer now owns 496,374 shares of the company’s stock, valued at $108,725,760.96. The disclosure for this sale can be found here. Insiders sold 224,122 shares of company stock valued at $47,516,807 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund grew its holdings in shares of Home Depot by 8,331.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock worth $125,000 after buying an additional 21,212,570 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Home Depot by 3,457.2% during the second quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock valued at $2,005,132,000 after purchasing an additional 9,370,409 shares during the last quarter. Morgan Stanley boosted its position in Home Depot by 0.5% during the second quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock valued at $1,731,916,000 after purchasing an additional 44,258 shares during the last quarter. Clearbridge Investments LLC boosted its position in Home Depot by 2.2% during the first quarter. Clearbridge Investments LLC now owns 7,199,871 shares of the home improvement retailer’s stock valued at $1,381,583,000 after purchasing an additional 158,174 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Home Depot by 0.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock valued at $1,488,431,000 after purchasing an additional 25,410 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

See Also: Neutral Rating

The Fly

Analyst Recommendations for Home Depot (NYSE:HD)

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