Home Depot (NYSE:HD – Earn Ratings) The target price was cut by equities research analysts at JPMorgan Chase & Company from $335.00 to $311.00 in a research report issued on Tuesday, The Flea reports. JPMorgan Chase & Co. The target price indicates a potential upside of 1.21% from the company’s current price.

Several other brokerages have also issued reports on HD. Raymond James cut their price target on shares of Home Depot from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 18th. Evercore ISI decreased their price target on shares of Home Depot to $360.00 in a research note on Thursday, June 9th. MKM Partners initiated coverage on shares of Home Depot in a research note on Thursday, June 23rd. They set a “neutral” rating and a $285.00 price target on the stock. OTR Global downgraded shares of Home Depot to a “positive” rating in a research note on Tuesday, May 10th. Finally, Jefferies Financial Group reduced their price target on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, May 18th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $366.00.

Home Depot price performance

NYSE HD opened at $307.27 on Tuesday. The company’s 50-day moving average is $290.98, and its two-hundred-day moving average is $309.85. Home Depot has a 12 month low of $264.51 and a 12 month high of $420.61. The stock has a market capitalization of $315.80 billion, a P/E ratio of 19.75, a PEG ratio of 1.71 and a beta of 0.99.

Home Depot (NYSE:HD – Get Rating ) last released its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.42. The company had revenue of $38.91 billion for the quarter, compared to analysts’ expectations of $36.78 billion. Home Depot had a net margin of 10.83% and a negative return on equity of 21,952.60%. Home Depot’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted 3.86 earnings per share. As a group, analysts anticipate that Home Depot will post 16.43 EPS for the current year.

Internal movement

In other news, EVP Ann Marie Campbell sold 11,293 shares of the stock in a transaction that occurred on Tuesday, May 24th. The stock traded at an average price of $288.03, for a total value of $3,252,722.79. Following the completion of the sale, the executive vice president now directly owns 51,175 shares of the company’s stock, valued at $14,739,935.25. The transaction is disclosed in a filing with the Securities and Exchange Commission at this hyperlink. In related news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction dated Thursday, May 19th. The stock traded at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the sale, the executive vice president now owns 11,230 shares in the company, valued at approximately $3,248,052.90. The transaction was disclosed in a filing with the SEC on the SEC’s website. Also, EVP Ann Marie Campbell sold 11,293 shares of Home Depot stock in a transaction dated Tuesday, May 24th. The stock traded at an average price of $288.03, for a total value of $3,252,722.79. Following the sale, the executive vice president now owns 51,175 shares of the company’s stock, valued at approximately $14,739,935.25. A description of this sale can be found here. Corporate insiders are reported to own 0.17% of the company’s stock.

Home Depot Institutional Marketing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HD. Norges Bank acquired a new stake in Home Depot during the 4th quarter worth approximately $4,325,629,000. Renaissance Technologies LLC acquired a new stake in Home Depot during the 1st quarter worth about $563,524,000. Parnassus Investments LLC acquired a new stake in Home Depot during the 1st quarter. Charles Schwab Investment Management Inc. raised its stake in Home Depot by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after purchasing an additional 1,361,660 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Home Depot by 21.1% during the 4th quarter. Jennison Associates LLC now owns 4,823,391 shares of the home improvement retailer’s stock valued at $2,001,755,000 after buying an additional 840,033 shares during the last quarter. Hedge funds and other institutional investors own 70.61 percent of the company.

About Home Depot

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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 decorative products, as well as utility maintenance, repair and operation products. Tables, furnaces and central air systems, and windows.

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