Home Depot (NYSE:HD) Stock Price Expected to Rise, Mizuho Analyst Says

Home Depot (NYSE:HD) had its price objective boosted by research analysts at Mizuho from $435.00 to $440.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. Mizuho’s price target points to a potential upside of 9.14% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Home Depot from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Guggenheim boosted their price objective on shares of Home Depot from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Oppenheimer increased their target price on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. lifted their target price on Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Loop Capital raised Home Depot from a “hold” rating to a “buy” rating and upped their price target for the company from $360.00 to $460.00 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $423.74.

Home Depot Stock Down 1.3 %

Shares of NYSE:HD opened at $403.17 on Wednesday. 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 stock has a fifty day simple moving average of $396.76 and a two-hundred day simple moving average of $365.25. Home Depot has a 12-month low of $287.24 and a 12-month high of $421.56. The stock has a market capitalization of $400.46 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 2.83 and a beta of 1.01.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. The firm had revenue of $43.18 billion during the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. Home Depot’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 EPS. On average, research analysts anticipate that Home Depot will post 14.99 earnings per share for the current fiscal year.

Institutional Trading of Home Depot

Several institutional investors and hedge funds have recently modified their holdings of HD. Fisher Asset Management LLC lifted its holdings in Home Depot by 2.2% in the 3rd quarter. Fisher Asset Management LLC now owns 9,426,649 shares of the home improvement retailer’s stock worth $3,819,679,000 after purchasing an additional 205,954 shares in the last quarter. International Assets Investment Management LLC grew its stake in Home Depot by 51,250.1% during the third quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock valued at $35,575,880,000 after acquiring an additional 8,762,735 shares in the last quarter. Legal & General Group Plc increased its holdings in Home Depot by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 8,515,343 shares of the home improvement retailer’s stock valued at $2,931,328,000 after acquiring an additional 100,139 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Home Depot by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,437,805 shares of the home improvement retailer’s stock worth $2,853,143,000 after purchasing an additional 971,833 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Home Depot by 2.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,774,083 shares of the home improvement retailer’s stock valued at $1,980,883,000 after purchasing an additional 138,396 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors.

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.