Home Depot (NYSE:HD) Trading Up 0% on Analyst Upgrade

The Home Depot, Inc. (NYSE:HD)’s stock price traded up 0% on Friday after Wells Fargo & Company raised their price target on the stock from $440.00 to $450.00. Wells Fargo & Company currently has an overweight rating on the stock. Home Depot traded as high as $418.00 and last traded at $412.53. 600,181 shares were traded during trading, a decline of 79% from the average session volume of 2,875,594 shares. The stock had previously closed at $412.43.

HD has been the subject of a number of other reports. DA Davidson upped their target price on Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI increased their target price on Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Morgan Stanley increased their target price on Home Depot from $380.00 to $450.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Royal Bank of Canada increased their target price on Home Depot from $363.00 to $413.00 and gave the stock a “sector perform” rating in a report on Monday, November 11th. Finally, TD Cowen raised their price target on Home Depot from $440.00 to $460.00 and gave the company a “buy” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $431.00.

Insider Transactions at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $409.52, for a total value of $6,553,958.08. Following the transaction, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at $31,727,562. This represents a 17.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 100 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the completion of the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new position in Home Depot in the 4th quarter valued at $26,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Home Depot during the 4th quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $32,000. Legacy Investment Solutions LLC bought a new stake in shares of Home Depot during the 3rd quarter valued at $41,000. Finally, Marshall Investment Management LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $41,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.1 %

The business has a 50-day moving average price of $404.93 and a two-hundred day moving average price of $395.58. The stock has a market capitalization of $409.11 billion, a P/E ratio of 28.00, a P/E/G ratio of 4.22 and a beta of 1.05. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. During the same quarter in the prior year, the firm earned $3.81 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, analysts expect that The Home Depot, Inc. will post 15.12 EPS for the current fiscal year.

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.