Telsey Advisory Group Reiterates "Outperform" Rating for Home Depot (NYSE:HD)

Home Depot (NYSE:HD - Get Free Report)'s stock had its "outperform" rating reiterated by Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They currently have a $455.00 price target on the home improvement retailer's stock. Telsey Advisory Group's target price suggests a potential upside of 18.24% from the company's previous close.

A number of other equities analysts also recently commented on the stock. Barclays upped their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. TD Cowen increased their price objective on shares of Home Depot from $440.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Royal Bank of Canada increased their price objective on shares of Home Depot from $363.00 to $413.00 and gave the company a "sector perform" rating in a research note on Monday, November 11th. Truist Financial increased 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. Finally, Stifel Nicolaus increased their price objective on shares of Home Depot from $375.00 to $400.00 and gave the company a "hold" rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-one have assigned a buy rating to the company's 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 Trading Down 2.5 %

HD stock traded down $9.82 during mid-day trading on Thursday, reaching $384.82. The company had a trading volume of 4,835,905 shares, compared to its average volume of 3,012,217. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The company has a market capitalization of $382.26 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05. The firm has a 50 day moving average of $402.77 and a 200 day moving average of $397.00. Home Depot has a 12 month low of $323.77 and a 12 month high of $439.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Putney Financial Group LLC purchased a new position in shares of Home Depot in the fourth quarter worth $180,000. Aurdan Capital Management LLC purchased a new position in shares of Home Depot during the fourth quarter worth $676,000. Perennial Advisors LLC purchased a new position in shares of Home Depot during the fourth quarter worth $5,609,000. Vermillion Wealth Management Inc. purchased a new position in shares of Home Depot during the fourth quarter worth $132,000. Finally, AlphaCore Capital LLC raised its holdings in shares of Home Depot by 3.4% during the fourth quarter. AlphaCore Capital LLC now owns 8,447 shares of the home improvement retailer's stock worth $3,286,000 after purchasing an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

About Home Depot

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.