Home Depot (NYSE:HD): Stifel Nicolaus Reconfirms “Buy” Rating Today, Has a Target of $209.0/Share

April 17, 2018 - By Henry Gaston

The Home Depot, Inc. (NYSE:HD) Logo

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.21, from 1.14 in 2017Q3. It is negative, as 51 investors sold The Home Depot, Inc. shares while 662 reduced holdings. 164 funds opened positions while 501 raised stakes. 788.59 million shares or 0.96% less from 796.24 million shares in 2017Q3 were reported.

Moreover, State Teachers Retirement has 0.89% invested in The Home Depot, Inc. (NYSE:HD) for 1.98 million shares. State Of New Jersey Common Pension Fund D accumulated 1.45M shares. Marvin And Palmer Assoc Inc has 3.28% invested in The Home Depot, Inc. (NYSE:HD). Orca Inv Limited Liability owns 9,851 shares or 1.63% of their US portfolio. Mai Capital Management owns 83,246 shares for 0.9% of their portfolio. 102,232 are held by Sumitomo Mitsui Asset Mgmt Ltd. Cypress Cap Limited Liability Co stated it has 60,251 shares. Colony Group Inc Llc holds 24,845 shares. Kbc Gru Nv has invested 0.77% in The Home Depot, Inc. (NYSE:HD). Baker Ellis Asset Mgmt Ltd Liability Corp reported 6,806 shares stake. Boston Family Office Ltd reported 18,075 shares. First Citizens Bancorporation And Trust reported 35,287 shares. Wolverine Asset Ltd Liability invested 1.29% in The Home Depot, Inc. (NYSE:HD). Lvm Cap Mngmt Limited Mi owns 2,448 shares. Coldstream Cap Mngmt holds 0.46% or 22,167 shares in its portfolio.

Since December 7, 2017, it had 2 insider purchases, and 5 insider sales for $36.57 million activity. Another trade for 41,396 shares valued at $7.58M was sold by Carey Matt. Shares for $1.19M were bought by CODINA ARMANDO M on Friday, March 2. 16,827 shares were bought by BRENNEMAN GREGORY D, worth $3.00 million. 17,660 shares valued at $3.31M were sold by Decker Edward P. on Tuesday, February 27. $7.02M worth of The Home Depot, Inc. (NYSE:HD) was sold by Campbell Ann Marie. Roseborough Teresa Wynn also sold $1.97M worth of The Home Depot, Inc. (NYSE:HD) on Thursday, December 7.

Home Depot (NYSE:HD) Rating Reaffirmed

They currently have a $209.0 price target on Home Depot (NYSE:HD). The target price by Stifel Nicolaus would suggest a potential upside of 19.27 % from the company’s last stock close price. This has been revealed in a research report on Friday, 22 December.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.21, from 1.14 in 2017Q3. It is negative, as 51 investors sold The Home Depot, Inc. shares while 662 reduced holdings. 164 funds opened positions while 501 raised stakes. 788.59 million shares or 0.96% less from 796.24 million shares in 2017Q3 were reported.

Moreover, State Teachers Retirement has 0.89% invested in The Home Depot, Inc. (NYSE:HD) for 1.98 million shares. State Of New Jersey Common Pension Fund D accumulated 1.45M shares. Marvin And Palmer Assoc Inc has 3.28% invested in The Home Depot, Inc. (NYSE:HD). Orca Inv Limited Liability owns 9,851 shares or 1.63% of their US portfolio. Mai Capital Management owns 83,246 shares for 0.9% of their portfolio. 102,232 are held by Sumitomo Mitsui Asset Mgmt Ltd. Cypress Cap Limited Liability Co stated it has 60,251 shares. Colony Group Inc Llc holds 24,845 shares. Kbc Gru Nv has invested 0.77% in The Home Depot, Inc. (NYSE:HD). Baker Ellis Asset Mgmt Ltd Liability Corp reported 6,806 shares stake. Boston Family Office Ltd reported 18,075 shares. First Citizens Bancorporation And Trust reported 35,287 shares. Wolverine Asset Ltd Liability invested 1.29% in The Home Depot, Inc. (NYSE:HD). Lvm Cap Mngmt Limited Mi owns 2,448 shares. Coldstream Cap Mngmt holds 0.46% or 22,167 shares in its portfolio.

Since December 7, 2017, it had 2 insider purchases, and 5 insider sales for $36.57 million activity. Another trade for 41,396 shares valued at $7.58M was sold by Carey Matt. Shares for $1.19M were bought by CODINA ARMANDO M on Friday, March 2. 16,827 shares were bought by BRENNEMAN GREGORY D, worth $3.00 million. 17,660 shares valued at $3.31M were sold by Decker Edward P. on Tuesday, February 27. $7.02M worth of The Home Depot, Inc. (NYSE:HD) was sold by Campbell Ann Marie. Roseborough Teresa Wynn also sold $1.97M worth of The Home Depot, Inc. (NYSE:HD) on Thursday, December 7.

The Home Depot, Inc. (NYSE:HD) Ratings Coverage

Among 21 analysts covering Home Depot (NYSE:HD), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Home Depot has $230.0 highest and $170.0 lowest target. $203.94’s average target is 16.38% above currents $175.23 stock price. Home Depot had 38 analyst reports since October 30, 2017 according to SRatingsIntel. Bank of America maintained the shares of HD in report on Wednesday, November 8 with “Buy” rating. The firm has “Outperform” rating given on Monday, December 4 by Telsey Advisory Group. Jefferies maintained the shares of HD in report on Monday, February 5 with “Buy” rating. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, January 2 report. On Friday, November 10 the stock rating was maintained by Jefferies with “Buy”. The stock of The Home Depot, Inc. (NYSE:HD) has “Buy” rating given on Thursday, December 7 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus on Wednesday, February 21 with “Buy”. Credit Suisse maintained it with “Outperform” rating and $222 target in Wednesday, January 24 report. The stock has “Buy” rating by BMO Capital Markets on Friday, December 15. The rating was maintained by Guggenheim with “Buy” on Tuesday, January 30.

The stock increased 0.46% or $0.8 during the last trading session, reaching $175.23. About 2.21M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 18.94% since April 17, 2017 and is uptrending. It has outperformed by 7.39% the S&P500.

Analysts await The Home Depot, Inc. (NYSE:HD) to report earnings on May, 15. They expect $2.08 EPS, up 24.55 % or $0.41 from last year’s $1.67 per share. HD’s profit will be $2.40 billion for 21.06 P/E if the $2.08 EPS becomes a reality. After $1.69 actual EPS reported by The Home Depot, Inc. for the previous quarter, Wall Street now forecasts 23.08 % EPS growth.

The Home Depot, Inc. operates as a home improvement retailer. The company has market cap of $201.99 billion. It operates The Home Depot stores that sell various building materials, home improvement products, and lawn and garden products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself, do-it-for-me , and professional customers. It has a 24.04 P/E ratio. The firm offers installation programs that include flooring, cabinets, countertops, water heaters, and sheds; and professional installation in various categories sold through its in-home sales programs, such as roofing, siding, windows, cabinet refacing, furnaces, and central air systems, as well as acts as a contractor to provide installation services to its DIFM clients through third-party installers.

The Home Depot, Inc. (NYSE:HD) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.