Home Depot (NYSE:HD) Price Target Lowered to $363.00 at Royal Bank of Canada

Home Depot (NYSE:HD) had its price target lowered by Royal Bank of Canada from $377.00 to $363.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a sector perform rating on the home improvement retailer’s stock.

Several other equities analysts also recently commented on HD. Telsey Advisory Group reiterated a market perform rating and set a $360.00 price target on shares of Home Depot in a report on Tuesday. Evercore ISI lowered their target price on shares of Home Depot from $415.00 to $400.00 and set an outperform rating on the stock in a research note on Wednesday. Truist Financial cut their target price on shares of Home Depot from $396.00 to $395.00 and set a buy rating for the company in a research report on Wednesday. StockNews.com cut shares of Home Depot from a buy rating to a hold rating in a report on Saturday, May 25th. Finally, Stifel Nicolaus dropped their price objective on Home Depot from $380.00 to $375.00 and set a hold rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $384.00.

Home Depot Trading Up 1.6 %

Shares of NYSE:HD opened at $355.55 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.42 and a debt-to-equity ratio of 23.11. The stock has a market capitalization of $352.57 billion, a PE ratio of 23.85, a P/E/G ratio of 2.48 and a beta of 0.98. Home Depot has a 1 year low of $274.26 and a 1 year high of $396.87. The firm has a fifty day moving average price of $349.46 and a 200 day moving average price of $353.16.

Home Depot (NYSE:HD) last announced its quarterly earnings results 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 company had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. Home Depot had a return on equity of 1,056.67% and a net margin of 9.79%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.65 earnings per share. Analysts expect that Home Depot will post 15.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Home Depot

Several large investors have recently modified their holdings of HD. Capital Research Global Investors grew its position in Home Depot by 7.2% in the fourth quarter. Capital Research Global Investors now owns 14,765,587 shares of the home improvement retailer’s stock valued at $5,117,016,000 after acquiring an additional 992,444 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Home Depot by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,217,777 shares of the home improvement retailer’s stock worth $4,540,197,000 after purchasing an additional 347,614 shares during the last quarter. Norges Bank acquired a new stake in shares of Home Depot during the 4th quarter worth about $4,311,070,000. Fisher Asset Management LLC lifted its holdings in Home Depot by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 8,802,085 shares of the home improvement retailer’s stock valued at $3,050,363,000 after purchasing an additional 195,670 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Home Depot by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock valued at $2,853,143,000 after buying an additional 971,833 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

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.