Wedbush Reaffirms “Neutral” Rating for Home Depot, Inc. (The) (HD)

Wedbush restated their neutral rating on shares of Home Depot, Inc. (The) (NYSE:HD) in a research note released on Friday. The brokerage currently has a $145.00 price target on the home improvement retailer’s stock.

Other research analysts have also recently issued reports about the company. Macquarie reaffirmed a buy rating on shares of Home Depot, Inc. (The) in a research report on Tuesday, November 1st. Jefferies Group LLC reaffirmed a buy rating and set a $149.00 price objective (down from $158.00) on shares of Home Depot, Inc. (The) in a research report on Sunday, December 4th. Argus reaffirmed a buy rating and set a $154.00 price objective on shares of Home Depot, Inc. (The) in a research report on Saturday, November 19th. Bank of America Corporation reaffirmed a buy rating and set a $128.72 price objective (up from $127.67) on shares of Home Depot, Inc. (The) in a research report on Tuesday, November 15th. Finally, Citigroup Inc. reaffirmed a buy rating on shares of Home Depot, Inc. (The) in a research report on Wednesday, December 28th. Eight investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Home Depot, Inc. (The) presently has an average rating of Buy and an average price target of $145.62.

Analyst Recommendations for Home Depot, Inc. (The) (NYSE:HD)

Home Depot, Inc. (NYSE:HD) opened at 141.36 on Friday. The company has a market capitalization of $172.20 billion, a P/E ratio of 22.95 and a beta of 1.09. Home Depot, Inc. has a 1-year low of $118.75 and a 1-year high of $141.37. The company has a 50-day moving average of $136.64 and a 200-day moving average of $131.81.

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In related news, Director Mark C. Vadon bought 15,000 shares of the stock in a transaction that occurred on Tuesday, November 29th. The stock was acquired at an average cost of $129.87 per share, with a total value of $1,948,050.00. Following the transaction, the director now directly owns 31,095 shares in the company, valued at $4,038,307.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Holifield sold 15,606 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $128.39, for a total value of $2,003,654.34. Following the transaction, the executive vice president now directly owns 39,499 shares of the company’s stock, valued at $5,071,276.61. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Glassman Wealth Services raised its position in shares of Home Depot, Inc. (The) by 8.0% in the second quarter. Glassman Wealth Services now owns 1,008 shares of the home improvement retailer’s stock valued at $129,000 after buying an additional 75 shares in the last quarter. Edge Wealth Management LLC raised its position in shares of Home Depot, Inc. (The) by 0.3% in the third quarter. Edge Wealth Management LLC now owns 1,068 shares of the home improvement retailer’s stock valued at $137,000 after buying an additional 3 shares in the last quarter. Cable Hill Partners LLC raised its position in shares of Home Depot, Inc. (The) by 10.4% in the third quarter. Cable Hill Partners LLC now owns 1,116 shares of the home improvement retailer’s stock valued at $145,000 after buying an additional 105 shares in the last quarter. Nelson Roberts Investment Advisors LLC raised its position in shares of Home Depot, Inc. (The) by 60.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 1,210 shares of the home improvement retailer’s stock valued at $155,000 after buying an additional 455 shares in the last quarter. Finally, Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in shares of Home Depot, Inc. (The) by 14,902.0% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 161,722 shares of the home improvement retailer’s stock valued at $162,000 after buying an additional 160,644 shares in the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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