Home Depot (NYSE:HD) Given New $195.00 Price Target at Loop Capital

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Home Depot (NYSE:HD) had its price objective raised by Loop Capital to $195.00 in a report published on Friday, The Fly reports. They currently have a hold rating on the home improvement retailer’s stock.

Other research analysts also recently issued reports about the company. Wells Fargo & Co reissued a hold rating and issued a $70.00 price objective on shares of Church & Dwight in a research note on Thursday, May 2nd. Wedbush set a $190.00 price objective on Home Depot and gave the company a hold rating in a research note on Wednesday, May 22nd. Zacks Investment Research raised Investors Real Estate Trust Reit from a sell rating to a hold rating in a research note on Thursday, May 23rd. Bank of America set a $7.00 price objective on Deutsche Bank and gave the company a sell rating in a research note on Thursday, April 11th. Finally, Robert W. Baird raised their price objective on Facebook from $195.00 to $215.00 and gave the company an outperform rating in a research note on Thursday, April 25th. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $207.78.

Shares of Home Depot stock opened at $211.27 on Friday. The firm has a market cap of $234.40 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The company has a current ratio of 1.04, a quick ratio of 0.26 and a debt-to-equity ratio of 17.68. Home Depot has a 52-week low of $158.09 and a 52-week high of $219.30. The firm’s 50-day moving average price is $207.73.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.10. The business had revenue of $26.38 billion during the quarter, compared to analyst estimates of $26.34 billion. Home Depot had a return on equity of 1,441.05% and a net margin of 10.24%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.08 EPS. On average, equities research analysts predict that Home Depot will post 10.17 EPS for the current year.

In other Home Depot news, CFO Carol B. Tome sold 26,334 shares of Home Depot stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $189.17, for a total value of $4,981,602.78. Following the transaction, the chief financial officer now directly owns 519,253 shares of the company’s stock, valued at approximately $98,227,090.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy A. Hourigan sold 13,000 shares of Home Depot stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $193.30, for a total value of $2,512,900.00. Following the completion of the transaction, the executive vice president now directly owns 64,575 shares in the company, valued at $12,482,347.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,522 shares of company stock worth $16,156,831. Company insiders own 0.27% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of HD. Oregon Public Employees Retirement Fund increased its position in Home Depot by 8,331.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock worth $125,000 after buying an additional 21,212,570 shares during the period. Thoroughbred Financial Services LLC increased its position in shares of Home Depot by 21,191.0% during the second quarter. Thoroughbred Financial Services LLC now owns 3,534,097 shares of the home improvement retailer’s stock valued at $353,410,000 after purchasing an additional 3,517,498 shares during the period. AMF Pensionsforsakring AB bought a new stake in shares of Home Depot during the second quarter valued at approximately $197,884,000. Boston Partners bought a new stake in shares of Home Depot during the fourth quarter valued at approximately $147,976,000. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Home Depot by 226.3% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 604,165 shares of the home improvement retailer’s stock valued at $90,808,000 after purchasing an additional 419,034 shares during the period. 69.44% of the stock is currently owned by institutional investors.

Home Depot Company Profile

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 provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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