Oppenheimer Increases Home Depot (NYSE:HD) Price Target to $400.00

Home Depot (NYSE:HD) had its target price hoisted by equities research analysts at Oppenheimer from $345.00 to $400.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the home improvement retailer’s stock. Oppenheimer’s target price suggests a potential upside of 2.05% from the company’s current price.

A number of other equities analysts have also issued reports on HD. Jefferies Financial Group initiated coverage on Home Depot in a research note on Tuesday, July 16th. They set a “buy” rating and a $426.00 price target for the company. Loop Capital boosted their price target on shares of Home Depot from $330.00 to $360.00 and gave the stock a “hold” rating in a research report on Tuesday, September 17th. Evercore ISI reduced their price objective on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Wednesday, August 14th. DA Davidson boosted their target price on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Finally, UBS Group increased their target price on shares of Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $391.88.

Home Depot Trading Up 0.5 %

NYSE:HD opened at $391.96 on Tuesday. The stock has a market cap of $388.67 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.57 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. Home Depot has a 1 year low of $274.26 and a 1 year high of $396.87. The business has a fifty day moving average of $365.62 and a 200-day moving average of $354.23.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. Home Depot’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $4.65 EPS. Equities analysts predict that Home Depot will post 15.01 earnings per share for the current year.

Institutional Investors Weigh In On Home Depot

Institutional investors have recently modified their holdings of the stock. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the 2nd quarter valued at about $25,000. Frank Rimerman Advisors LLC bought a new position in Home Depot during the fourth quarter valued at approximately $27,000. Kings Path Partners LLC acquired a new stake in Home Depot in the second quarter valued at approximately $33,000. Burkett Financial Services LLC bought a new stake in Home Depot in the fourth quarter worth approximately $38,000. Finally, A.P. Gilfoyle & Co. L.P. bought a new stake in Home Depot in the first quarter worth approximately $38,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

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.