Home Depot (NYSE:HD) PT Raised to $360.00 at Loop Capital

Home Depot (NYSE:HD) had its price objective lifted by stock analysts at Loop Capital from $330.00 to $360.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the home improvement retailer’s stock. Loop Capital’s price target suggests a potential downside of 6.28% from the company’s previous close.

HD has been the subject of a number of other reports. Truist Financial dropped their target price on shares of Home Depot from $396.00 to $395.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Royal Bank of Canada dropped their price objective on shares of Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. DA Davidson raised their price objective on shares of Home Depot from $395.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Evercore ISI dropped 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 note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average target price of $389.04.

Home Depot Trading Up 0.2 %

NYSE HD opened at $384.13 on Tuesday. The stock has a market capitalization of $380.91 billion, a P/E ratio of 25.76, a P/E/G ratio of 2.57 and a beta of 1.00. Home Depot has a 52-week low of $274.26 and a 52-week high of $396.87. The firm has a 50-day moving average price of $363.62 and a 200 day moving average price of $354.13. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during 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%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $4.65 earnings per share. Equities research analysts expect that Home Depot will post 15.01 EPS for the current year.

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fairway Wealth LLC purchased a new stake in Home Depot during the 2nd quarter worth $25,000. Frank Rimerman Advisors LLC acquired a new position in shares of Home Depot in the 4th quarter valued at about $27,000. Kings Path Partners LLC acquired a new position in Home Depot during the 2nd quarter valued at about $33,000. Burkett Financial Services LLC acquired a new position in Home Depot during the 4th quarter valued at about $38,000. Finally, A.P. Gilfoyle & Co. L.P. acquired a new position in Home Depot during the 1st quarter valued at about $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.