Home Depot (NYSE:HD – Get Rating) had its target price decreased by investment analysts at Evercore ISI to $360.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. Evercore ISI’s target price would suggest a potential upside of 20.06% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. UBS Group lowered their target price on shares of Home Depot from $470.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday, February 23rd. Wedbush lowered their target price on shares of Home Depot from $340.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, May 18th. Jefferies Financial Group lowered their target price on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Wednesday, May 18th. Gordon Haskett lowered shares of Home Depot from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Finally, Telsey Advisory Group decreased their price objective on shares of Home Depot from $425.00 to $375.00 and set an “outperform” rating on the stock in a report on Wednesday, February 23rd. Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $373.95.

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NYSE:HD traded up $2.33 during trading hours on Thursday, hitting $299.86. 4,156,307 shares of the company traded hands, compared to its average volume of 4,865,408. The stock has a market capitalization of $308.18 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 1.81 and a beta of 0.97. Home Depot has a twelve month low of $279.59 and a twelve month high of $420.61. The firm has a 50-day moving average of $300.89 and a 200 day moving average of $343.52. The company has a current ratio of 1.11, a quick ratio of 0.28 and a debt-to-equity ratio of 35.47.

Home Depot (NYSE:HD – Get Rating) last released its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating the consensus estimate of $3.67 by $0.42. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.16%. The firm had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $36.78 billion. During the same period in the prior year, the company earned $3.86 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that Home Depot will post 16.47 earnings per share for the current fiscal year.

In other Home Depot news, Director Becker Caryn Seidman purchased 1,500 shares of the firm’s stock in a transaction dated Monday, May 23rd. The stock was bought at an average cost of $287.73 per share, with a total value of $431,595.00. Following the purchase, the director now directly owns 1,500 shares of the company’s stock, valued at $431,595. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ann Marie Campbell sold 11,293 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $288.03, for a total transaction of $3,252,722.79. Following the transaction, the executive vice president now directly owns 51,175 shares of the company’s stock, valued at $14,739,935.25. The disclosure for this sale can be found here. Insiders sold a total of 11,933 shares of company stock worth $3,448,197 over the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Trilogy Capital Inc. boosted its stake in shares of Home Depot by 4.0% in the fourth quarter. Trilogy Capital Inc. now owns 732 shares of the home improvement retailer’s stock worth $304,000 after acquiring an additional 28 shares during the period. Smith Anglin Financial LLC boosted its stake in shares of Home Depot by 1.1% in the fourth quarter. Smith Anglin Financial LLC now owns 2,574 shares of the home improvement retailer’s stock worth $1,068,000 after acquiring an additional 28 shares during the period. Palisades Hudson Asset Management L.P. boosted its stake in shares of Home Depot by 1.1% in the fourth quarter. Palisades Hudson Asset Management L.P. now owns 2,518 shares of the home improvement retailer’s stock worth $1,045,000 after acquiring an additional 28 shares during the period. Klingman & Associates LLC boosted its stake in shares of Home Depot by 0.6% in the fourth quarter. Klingman & Associates LLC now owns 4,640 shares of the home improvement retailer’s stock worth $1,926,000 after acquiring an additional 29 shares during the period. Finally, Lenox Wealth Advisors LLC boosted its stake in shares of Home Depot by 2.8% in the fourth quarter. Lenox Wealth Advisors LLC now owns 1,118 shares of the home improvement retailer’s stock worth $464,000 after acquiring an additional 30 shares during the period. 70.61% of the stock is owned by institutional investors.

About Home Depot (Get Rating)

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 décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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