Home Depot (NYSE:HD) Upgraded at Gordon Haskett

Home Depot (NYSE:HD) was upgraded by analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has a $450.00 target price on the home improvement retailer’s stock. Gordon Haskett’s price objective would suggest a potential upside of 9.34% from the stock’s current price.

HD has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Daiwa America raised shares of Home Depot to a “hold” rating in a research note on Thursday, August 15th. Melius Research assumed coverage on shares of Home Depot in a report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $360.00 price objective on shares of Home Depot in a report on Thursday, September 12th. Finally, DA Davidson increased their target price 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus price target of $396.23.

Home Depot Price Performance

Shares of NYSE:HD opened at $411.56 on Wednesday. Home Depot has a twelve month low of $274.26 and a twelve month high of $412.97. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 11.74. The company has a market cap of $408.11 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The company’s 50 day moving average is $372.30 and its 200 day moving average is $356.14.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.59 by $0.08. The firm had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a net margin of 9.71% and a return on equity of 681.27%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.65 earnings per share. On average, sell-side analysts forecast that Home Depot will post 15.01 EPS for the current year.

Institutional Trading of Home Depot

A number of hedge funds and other institutional investors have recently modified their holdings of HD. Fairway Wealth LLC purchased a new position in Home Depot during the second quarter worth about $25,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Home Depot during the 4th quarter valued at approximately $27,000. Kings Path Partners LLC acquired a new position in Home Depot in the second quarter valued at approximately $33,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Home Depot in the first quarter worth approximately $38,000. Finally, Livelsberger Financial Advisory acquired a new stake in Home Depot during the fourth quarter worth $39,000. 70.86% of the stock is owned by institutional investors and hedge funds.

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.