Home Depot (NYSE:HD) Receives Outperform Rating from Telsey Advisory Group

Home Depot (NYSE:HD)‘s stock had its “outperform” rating reissued by investment analysts at Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They presently have a $455.00 price objective on the home improvement retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 18.24% from the company’s current price.

HD has been the subject of a number of other reports. Evercore ISI raised their price objective on shares of Home Depot from $420.00 to $430.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays raised their price objective on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $450.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Stifel Nicolaus lifted their target price on shares of Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Bank of America lifted their target price on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Trading Down 2.5 %

Shares of HD opened at $384.82 on Thursday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a 50 day simple moving average of $402.13 and a 200-day simple moving average of $397.24. Home Depot has a 1-year low of $323.77 and a 1-year high of $439.37. The stock has a market cap of $382.26 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05.

Institutional Investors Weigh In On Home Depot

Hedge funds have recently bought and sold shares of the business. Synergy Asset Management LLC bought a new stake in shares of Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in Home Depot during the 4th quarter valued at $28,000. Navigoe LLC bought a new position in Home Depot during the 4th quarter valued at $29,000. Bradley & Co. Private Wealth Management LLC bought a new position in Home Depot during the 4th quarter valued at $32,000. Finally, Quarry LP boosted its stake in Home Depot by 220.0% during the 4th quarter. Quarry LP now owns 96 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Company Profile

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.