Tuesday, May 28, 2024

Home Depot Inc (HD) Lifted to Buy at Vetr Inc.

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Home Depot Inc (NYSE:HD) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Wednesday, MarketBeat reports. The brokerage currently has a $130.17 target price on the home improvement retailer’s stock. Vetr‘s price objective suggests a potential upside of 5.15% from the stock’s previous close.

A number of hedge funds have bought and sold shares of HD. Wedbush Securities Inc. raised its stake in Home Depot by 12.6% in the fourth quarter. Wedbush Securities Inc. now owns 17,078 shares of the home improvement retailer’s stock valued at $2,259,000 after buying an additional 1,913 shares during the last quarter. IFC Holdings Incorporated FL raised its stake in Home Depot by 163.6% in the fourth quarter. IFC Holdings Incorporated FL now owns 59,149 shares of the home improvement retailer’s stock valued at $7,833,000 after buying an additional 36,708 shares during the last quarter. Leisure Capital Management raised its stake in Home Depot by 0.8% in the fourth quarter. Leisure Capital Management now owns 20,633 shares of the home improvement retailer’s stock valued at $2,729,000 after buying an additional 167 shares during the last quarter. Penobscot Investment Management Company Inc. raised its stake in Home Depot by 179.6% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 10,235 shares of the home improvement retailer’s stock valued at $1,354,000 after buying an additional 6,575 shares during the last quarter. Finally, Community Bank N.A. raised its stake in Home Depot by 11.5% in the fourth quarter. Community Bank N.A. now owns 7,223 shares of the home improvement retailer’s stock valued at $955,000 after buying an additional 743 shares during the last quarter.

A number of other equities analysts also recently weighed in on the company. Telsey Advisory Group boosted their target price on Home Depot from $133.00 to $148.00 and gave the stock an “outperform” rating in a research note on Monday, December 7th. Deutsche Bank upgraded Home Depot from a “hold” rating to a “buy” rating and boosted their target price for the stock from $122.76 to $135.00 in a research note on Monday, January 25th. They noted that the move was a valuation call. JPMorgan Chase & Co. restated a “buy” rating on shares of Home Depot in a research note on Thursday, January 21st. Credit Suisse boosted their target price on Home Depot from $134.53 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, December 7th. Finally, Robert W. Baird restated an “outperform” rating and issued a $150.00 target price (up previously from $140.00) on shares of Home Depot in a research note on Monday, December 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $136.19.

Shares of Home Depot (NYSE:HD) traded down 1.18% during midday trading on Wednesday, hitting $123.79. The company’s stock had a trading volume of 7,485,657 shares. The firm has a market cap of $156.95 billion and a P/E ratio of 23.23. Home Depot has a 52-week low of $92.17 and a 52-week high of $135.47. The stock’s 50 day moving average is $126.59 and its 200-day moving average is $122.54.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 17th. The home improvement retailer reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.04. During the same quarter in the previous year, the firm earned $1.11 EPS. The business earned $21.80 billion during the quarter, compared to analysts’ expectations of $21.77 billion. Home Depot’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts predict that Home Depot will post $5.34 EPS for the current fiscal year.

The Home Depot, Inc (NYSE:HD) is a home improvement retailer. The Home Depot stores sell an assortment of building materials, home improvement products and lawn and garden products and provide services. The Home Depot stores average approximately 104,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area.

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