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

Telsey Advisory Group reissued their outperform rating on shares of Home Depot (NYSE:HD) in a report issued on Thursday morning,Benzinga reports. They currently have a $455.00 target price on the home improvement retailer’s stock.

Several other analysts also recently weighed in on the stock. DA Davidson boosted their price target on shares of Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Mizuho upped their price objective on shares of Home Depot from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Evercore ISI upped their price objective on shares of Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Wells Fargo & Company upped their price objective on shares of Home Depot from $440.00 to $450.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Truist Financial upped their price objective on shares of Home Depot from $465.00 to $467.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average target price of $433.44.

Home Depot Stock Down 0.2 %

Shares of NYSE:HD opened at $394.63 on Thursday. Home Depot has a 52-week low of $323.77 and a 52-week high of $439.37. The firm has a fifty day moving average of $402.77 and a 200 day moving average of $397.00. The firm has a market capitalization of $392.01 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 4.12 and a beta of 1.05. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13.

Institutional Investors Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently bought and sold shares of HD. POM Investment Strategies LLC increased its stake in shares of Home Depot by 1.1% in the 4th quarter. POM Investment Strategies LLC now owns 2,117 shares of the home improvement retailer’s stock valued at $824,000 after purchasing an additional 24 shares in the last quarter. Center for Financial Planning Inc. increased its stake in shares of Home Depot by 0.5% in the 4th quarter. Center for Financial Planning Inc. now owns 4,653 shares of the home improvement retailer’s stock valued at $1,810,000 after purchasing an additional 24 shares in the last quarter. Insight Inv LLC increased its stake in shares of Home Depot by 2.0% in the 3rd quarter. Insight Inv LLC now owns 1,246 shares of the home improvement retailer’s stock valued at $505,000 after purchasing an additional 25 shares in the last quarter. Marino Stram & Associates LLC increased its stake in Home Depot by 2.3% during the 4th quarter. Marino Stram & Associates LLC now owns 1,108 shares of the home improvement retailer’s stock worth $431,000 after buying an additional 25 shares in the last quarter. Finally, Live Oak Private Wealth LLC increased its stake in Home Depot by 0.5% during the 4th quarter. Live Oak Private Wealth LLC now owns 4,915 shares of the home improvement retailer’s stock worth $1,912,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors 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.