Home Depot Inc (NYSE:HD) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 9,553,141 shares, a decline of 31.5% from the December 31st total of 13,942,495 shares, ARN reports. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 8,657,052 shares, the short-interest ratio is currently 1.1 days.

HD has been the subject of several research analyst reports. Telsey Advisory Group lifted their target price on shares of Home Depot from $133.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, December 7th. Deutsche Bank upgraded shares of Home Depot from a “hold” rating to a “buy” rating and lifted their target price for the company from $122.76 to $135.00 in a research report on Monday, January 25th. They noted that the move was a valuation call. Vetr lowered shares of Home Depot from a “hold” rating to a “sell” rating and set a $120.31 target price for the company. in a research report on Friday, October 23rd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Home Depot in a research report on Thursday, January 21st. Finally, Credit Suisse lifted their target price on shares of Home Depot from $134.53 to $135.00 and gave the company an “outperform” rating in a research report on Monday, December 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. Home Depot currently has an average rating of “Buy” and an average target price of $136.15.

Several institutional investors have made changes to their positions in HD. Renaissance Investment Group raised its position in shares of Home Depot by 0.9% in the fourth quarter. Renaissance Investment Group now owns 70,728 shares of the home improvement retailer’s stock valued at $9,354,000 after buying an additional 645 shares during the period. EQIS Capital Management raised its position in shares of Home Depot by 79.4% in the fourth quarter. EQIS Capital Management now owns 4,739 shares of the home improvement retailer’s stock valued at $627,000 after buying an additional 2,098 shares during the period. Bath Savings Trust Company raised its position in shares of Home Depot by 1.0% in the fourth quarter. Bath Savings Trust Company now owns 6,828 shares of the home improvement retailer’s stock valued at $903,000 after buying an additional 70 shares during the period. Detwiler Fenton Investment Management acquired a new position in shares of Home Depot during the fourth quarter valued at approximately $312,000. Finally, Lawrence B. Cohen raised its position in shares of Home Depot by 0.3% in the fourth quarter. Lawrence B. Cohen now owns 1,760 shares of the home improvement retailer’s stock valued at $233,000 after buying an additional 5 shares during the period.

Home Depot (NYSE:HD) opened at 126.51 on Tuesday. The company has a market cap of $160.40 billion and a PE ratio of 23.74. Home Depot has a 52 week low of $92.17 and a 52 week high of $135.47. The company has a 50-day moving average of $127.02 and a 200-day moving average of $122.45.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 17th. The home improvement retailer reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.04. The company earned $21.80 billion during the quarter, compared to analysts’ expectations of $21.77 billion. During the same quarter in the previous year, the company earned $1.11 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities analysts expect that Home Depot will post $5.34 EPS for the current 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. The Home Depot stores serve three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers. As of December 31, 2014, the Company had 2,269 The Home Depot stores, which included 1,977 stores in the United States, including the Commonwealth of Puerto Rico and the territories of the United States Virgin Islands and Guam; 181 stores in Canada, and 111 stores in Mexico.

12 Month Chart for NYSE:HD

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