Home Depot (NYSE:HD) PT Set at $213.00 by Credit Suisse Group

Credit Suisse Group set a $213.00 price target on Home Depot (NYSE:HD) in a research report released on Tuesday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the home improvement retailer’s stock.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada reduced their price objective on shares of Home Depot from $223.00 to $217.00 and set a buy rating for the company in a research report on Tuesday, May 7th. Robert W. Baird reiterated a positive rating on shares of Home Depot in a report on Thursday, April 25th. Goldman Sachs Group began coverage on shares of Home Depot in a report on Thursday, July 11th. They issued a buy rating and a $235.00 target price for the company. Zacks Investment Research upgraded shares of Home Depot from a sell rating to a hold rating in a report on Thursday, May 23rd. Finally, Telsey Advisory Group reiterated a market perform rating and issued a $192.00 target price on shares of Home Depot in a report on Wednesday, May 1st. Eleven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $220.11.

NYSE:HD opened at $217.47 on Tuesday. Home Depot has a twelve month low of $158.09 and a twelve month high of $222.65. The company has a 50-day moving average of $212.53 and a 200-day moving average of $199.56. The firm has a market cap of $242.50 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.04 and a beta of 1.12.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.07 by $0.10. Home Depot had a net margin of 10.18% and a negative return on equity of 1,179.69%. The company had revenue of $30.84 billion during the quarter, compared to analyst estimates of $30.98 billion. During the same quarter last year, the firm posted $3.05 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts forecast that Home Depot will post 10.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be issued a dividend of $1.36 per share. This represents a $5.44 annualized dividend and a dividend yield of 2.50%. Home Depot’s dividend payout ratio is currently 55.01%.

In related news, EVP William G. Lennie sold 9,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $220.05, for a total transaction of $2,024,460.00. Following the completion of the sale, the executive vice president now directly owns 84,123 shares in the company, valued at $18,511,266.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Carol B. Tome sold 26,334 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $189.17, for a total transaction of $4,981,602.78. Following the sale, the chief financial officer now owns 519,253 shares of the company’s stock, valued at $98,227,090.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 224,122 shares of company stock valued at $47,516,807. 0.27% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Perella Weinberg Partners Capital Management LP bought a new stake in Home Depot during the fourth quarter worth approximately $5,216,000. CAPROCK Group Inc. increased its stake in Home Depot by 5.9% during the fourth quarter. CAPROCK Group Inc. now owns 13,218 shares of the home improvement retailer’s stock worth $2,271,000 after acquiring an additional 741 shares during the last quarter. Private Vista LLC increased its stake in Home Depot by 8.3% during the fourth quarter. Private Vista LLC now owns 1,997 shares of the home improvement retailer’s stock worth $343,000 after acquiring an additional 153 shares during the last quarter. Ledyard National Bank increased its stake in Home Depot by 3.8% during the fourth quarter. Ledyard National Bank now owns 49,956 shares of the home improvement retailer’s stock worth $8,584,000 after acquiring an additional 1,808 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Home Depot by 6.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 152,387 shares of the home improvement retailer’s stock worth $26,183,000 after acquiring an additional 8,593 shares during the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Analyst Recommendations for Home Depot (NYSE:HD)

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