Stock Analysis:The Home Depot Inc (NYSE:HD) Price Target Upgraded
In a comprehensive report released by Nomura on Wednesday, 9 December, The Home Depot Inc (NYSE:HD) had its target price boosted to $140.00. The firm presently has a solid Neutral rating on shares.
From a total of 22 analysts covering The Home Depot Inc. (NYSE:HD) stock, 18 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 64% of the ratings are positive. The highest target price is $154 while the lowest target price is $115. The mean of all analyst targets is $139 with a 4.06% above today’s ($131.68) stock price. The Home Depot Inc. was the topic of 28 analyst reports since August 19, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on December 7 with “Outperform” rating. RBC Capital Markets maintained shares with “Outperform” rating and $140 target share price in a report from a November 18. Cantor Fitzgerald maintained HD stock in a recent report from November 18 with “Hold” rating. Vetr downgraded the rating on August 29. Vetr has a “Buy” rating and a $121.59 price target on shares. Finally, Argus Research maintained the stock with “Buy” rating in a report issued on a November 18.
Approximately 3.13 million shares of stock traded hands. Home Depot Inc (NYSE:HD) has risen 23.57% since May 6, 2015 and is uptrending. It has outperformed by 24.37% the S&P500.
The overall sentiment of institutions has increased to 1.13 in Q2 2015. Its up 0.19, from 0.94 in 2015Q2. The ratio improved, as 47 institutions have sold all the shares of Home Depot Inc that they owned while 580 funds have taken shares off the table. 118 funds have purchased shares for the first time while 589 added to their positions. These institutions now hold 914.52 million shares or 0.14% less than the 915.83 million shares they owned in 2015Q2.
The Fund Two Creeks Capital Management Lp currently is holding shares equating to 25.37% of its total portfolio in Home Depot Inc representing a total of 2.17 million shares. Another fund,Glade Brook Capital Partners Llc, is holding a total of 362,604 shares equating to 14.69% of their holdings. Additionally, Gabalex Capital Management Llc has a 275,000 share stake in Home Depot Inc which represents 12.36% of their total portfolio. The Fund, Crystal Rock Capital Management, based out of Illinois, has also built up a stake in the stock, which represents a total of 9.11% of their total portfolio. Finally Tyvor Capital Llc, a fund which is based in the state of Illinois reported a total holdings of 234,035 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 4, 2015, shareholders of Home Depot Inc have witnessed 0 insider purchases, and a total of 1 insider sale equating to a net activity of approximately $730,800 . Roseborough Teresa Wynn sold 6,000 shares worth approximately $730,800. Carey Matt sold 53,456 shares worth approximately $5.96M. Hewett Wayne M. bought 350 shares worth approximately $39,788. Holifield Mark sold 24,912 shares worth approximately $2.89M. The company insider Crow Timothy M sold 40,000 shares worth $4.67M.
The Home Depot, Inc. is a home improvement retailer. The company has a market cap of $169.54 billion. The Home Depot stores sell an assortment of building materials, home improvement products and lawn and garden products and provide services. It has 24.64 P/E ratio. The Home Depot stores average approximately 104,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area.
According to Zacks Investment Research, “Home Depot is the one of world’s largest home improvement retailer. The company offers a level of service unprecedented among warehouse-style retailers. Home Depot stores cater to do-it-yourselfers, as well as home improvement, construction and building maintenance professionals. The Home Depot currently operates in the USA, Canada, Chile, Puerto Rico, and Argentina. The company also operates EXPO Design Centers across the U.S. and Villager’s Hardware in New Jersey.” Get a free copy of the Zacks research report on Home Depot Inc (HD).