Home Depot (NYSE:HD) Price target raised to $350.00

Home Depot (NYSE:HD- Get a rating) saw its price target raised by Raymond James stock research analysts from $340.00 to $350.00 in a report on Wednesday, Fly reports. Raymond James’ price target would point to a potential upside of 6.91% from the company’s previous close.

Several other stock analysts have also recently released reports on the stock. StockNews.com moved Home Depot shares from a “hold” rating to a “buy” rating in a Monday, Aug. 8, report. Evercore ISI cut its price target on Home Depot stock to $360.00 in a Thursday, June 9 research note. Piper Sandler raised her price target on Home Depot shares from $310.00 to $321.00 and gave the company a “neutral” rating in a Wednesday, May 18 research note. MKM Partners began covering Home Depot stocks in a research note on Thursday, June 23. They set a “neutral” rating and a price target of $285.00 on the stock. Finally, Jefferies Financial Group cut its price target on Home Depot stock from $420.00 to $400.00 and set a “buy” rating on the stock in a Wednesday, May 18 research note. . Four research analysts gave the stock a hold rating and eighteen gave the company’s stock a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $365.55.

Home Depot stock performance

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Shares of HD opened at $327.38 on Wednesday. The Home Depot has a 1-year low of $264.51 and a 1-year high of $420.61. The company has a market cap of $336.47 billion, a price-to-earnings ratio of 20.79, a growth price-to-earnings ratio of 1.74, and a beta of 0.99. The company has a fifty-day moving average of $292.33 and a 200-day moving average of $308.25.

Home Depot (NYSE:HD- Get a rating) last announced its quarterly results on Tuesday, August 16. The home improvement retailer reported earnings per share (EPS) of $5.05 for the quarter, beating the consensus estimate of $4.95 by $0.10. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. The company posted revenue of $43.79 billion in the quarter, versus a consensus estimate of $43.33 billion. In the same quarter a year earlier, the company posted earnings per share of $4.53. The company’s revenue for the quarter increased by 6.5% compared to the same quarter last year. Analysts predict Home Depot will post EPS of 16.42 for the current year.

Insider Buying and Selling at The Home Depot

In related news, EVP Hector A. Padille sold 136 shares of the company in a transaction that took place on Thursday, May 19. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares of the company, valued at approximately $3,248,052.90. The sale was disclosed in an SEC filing, available at this link. In related news, the director BeckerCaryn Seidman bought 1,500 shares of the company in a trade on Monday, May 23. The shares were purchased at an average price of $287.73 per share, with a total value of $431,595.00. Following completion of the transaction, the director now directly owns 1,500 shares of the company, valued at $431,595. The transaction was disclosed in a legal filing with the SEC, available at the SEC website. Additionally, Executive Vice President Hector A. Padilla sold 136 shares of the company in a transaction that took place on Thursday, May 19. The stock was sold at an average price of $289.23, for a total value of $39,335.28. Following the sale, the executive vice president now directly owns 11,230 shares of the company, valued at approximately $3,248,052.90. Disclosure of this sale can be found here. Insiders of the company own 0.17% of the shares of the company.

Institutional entries and exits

A number of large investors have recently changed their holdings to HD. Independent Wealth Network Inc. increased its stake in Home Depot by 1.2% during the fourth quarter. Independent Wealth Network Inc. now owns 2,455 shares of the home improvement retailer worth $1,019,000 after acquiring 30 more shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Home Depot by 531.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,554 shares of the home improvement retailer worth $637,000 after acquiring 1,308 additional shares in the last quarter. Sax Wealth Advisors LLC acquired a new position in Home Depot during the fourth quarter worth $382,000. WealthCare Investment Partners LLC acquired a new position in Home Depot during the fourth quarter worth $279,000. Finally, Hamilton Capital LLC increased its stake in Home Depot by 166.4% during the fourth quarter. Hamilton Capital LLC now owns 2,078 shares of the home improvement retailer worth $862,000 after acquiring 1,298 additional shares in the last quarter. 70.61% of the shares are currently held by institutional investors and hedge funds.

Home Depot Company Profile

(Get a rating)

The Home Depot, Inc. operates as a home improvement retailer. It operates Home Depot stores that sell a variety of building materials, home improvement products, lawn and garden products, and decorating products, as well as facility maintenance, repair and operation products. countertops, furnaces and central air conditioning systems, and windows.

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