Home Depot’s (HD) “Outperform” Rating Reiterated at Telsey Advisory Group

Home Depot (NYSE:HD)‘s stock had its “outperform” rating reiterated by equities research analysts at Telsey Advisory Group in a research note issued to 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 suggests a potential upside of 20.04% from the company’s previous close.

Several other research analysts have also recently weighed in on HD. Royal Bank of Canada decreased their price target on Home Depot from $431.00 to $424.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 26th. Morgan Stanley decreased their target price on Home Depot from $450.00 to $410.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Gordon Haskett cut shares of Home Depot from a “buy” rating to a “hold” rating in a report on Friday, April 4th. KGI Securities upgraded shares of Home Depot to a “strong-buy” rating in a report on Monday, March 3rd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $430.32.

Home Depot Stock Down 0.5%

NYSE:HD opened at $379.03 on Tuesday. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. The firm has a market cap of $376.77 billion, a P/E ratio of 25.75, a P/E/G ratio of 4.03 and a beta of 1.05. Home Depot has a fifty-two week low of $323.77 and a fifty-two week high of $439.37. The firm has a 50-day simple moving average of $358.40 and a two-hundred day simple moving average of $387.85.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.60 by ($0.04). Home Depot had a net margin of 9.45% and a return on equity of 452.60%. During the same quarter in the prior year, the company posted $3.63 EPS. Analysts predict that Home Depot will post 15.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. K.J. Harrison & Partners Inc boosted its position in shares of Home Depot by 65.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 9,100 shares of the home improvement retailer’s stock worth $3,535,000 after acquiring an additional 3,590 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Home Depot by 19.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 23,758 shares of the home improvement retailer’s stock worth $9,242,000 after purchasing an additional 3,873 shares in the last quarter. Disciplined Investors L.L.C. bought a new position in shares of Home Depot during the 4th quarter valued at about $409,000. JPL Wealth Management LLC purchased a new position in shares of Home Depot during the fourth quarter valued at about $3,193,000. Finally, Umpqua Bank increased its holdings in shares of Home Depot by 26.5% in the fourth quarter. Umpqua Bank now owns 6,173 shares of the home improvement retailer’s stock worth $2,425,000 after purchasing an additional 1,294 shares during the last quarter. 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.