Home Depot (NYSE:HD) Now Covered by Sanford C. Bernstein

Research analysts at Sanford C. Bernstein assumed coverage on shares of Home Depot (NYSE:HD) in a note issued to investors on Tuesday, Marketbeat reports. The firm set a “market perform” rating and a $451.00 price target on the home improvement retailer’s stock. Sanford C. Bernstein’s price objective points to a potential upside of 12.85% from the stock’s current price.

Several other research analysts also recently issued reports on HD. Jefferies Financial Group initiated coverage on Home Depot in a report on Tuesday, July 16th. They set a “buy” rating and a $426.00 price objective on the stock. Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and upped their price target for the company from $360.00 to $460.00 in a research note on Wednesday, October 9th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Wednesday, October 2nd. Guggenheim upped their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Oppenheimer raised their target price on shares of Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $410.67.

Home Depot Stock Down 0.5 %

NYSE HD opened at $399.64 on Tuesday. The stock’s 50 day simple moving average is $388.23 and its 200 day simple moving average is $359.43. Home Depot has a one year low of $274.26 and a one year high of $421.56. The firm has a market cap of $396.29 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.88 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. During the same period last year, the company posted $4.65 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts forecast that Home Depot will post 15.01 earnings per share for the current fiscal year.

Institutional Trading of Home Depot

Several institutional investors have recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in shares of Home Depot in the second quarter valued at about $25,000. Kings Path Partners LLC acquired a new position in shares of Home Depot during the 2nd quarter worth approximately $33,000. Livelsberger Financial Advisory bought a new position in shares of Home Depot during the third quarter worth approximately $46,000. Denver PWM LLC acquired a new stake in shares of Home Depot in the second quarter valued at approximately $40,000. Finally, Abich Financial Wealth Management LLC grew its position in Home Depot by 68.0% during the first quarter. Abich Financial Wealth Management LLC now owns 126 shares of the home improvement retailer’s stock worth $48,000 after buying an additional 51 shares in 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.