Home Depot (NYSE:HD) Price Target Cut to $445.00 by Analysts at UBS Group

Home Depot (NYSE:HD) had its price target decreased by equities research analysts at UBS Group from $475.00 to $445.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. UBS Group’s target price indicates a potential upside of 32.63% from the company’s current price.

Other equities analysts have also issued research reports about the stock. KGI Securities lowered shares of Home Depot from an “outperform” rating to a “neutral” rating and set a $320.00 target price for the company. in a research report on Wednesday. Wolfe Research started coverage on shares of Home Depot in a research note on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target on the stock. Mizuho lifted their target price on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Bank of America decreased their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $475.00 price objective on shares of Home Depot in a research note on Tuesday. Nineteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and an average price target of $416.54.

Home Depot Price Performance

Shares of NYSE HD traded down $0.95 during mid-day trading on Wednesday, reaching $335.53. The company’s stock had a trading volume of 1,685,299 shares, compared to its average volume of 3,522,352. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. Home Depot has a 52 week low of $326.31 and a 52 week high of $439.37. The stock has a fifty day moving average of $390.33 and a two-hundred day moving average of $381.80. The firm has a market capitalization of $333.98 billion, a PE ratio of 22.81, a P/E/G ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The business had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same period in the prior year, the firm posted $3.78 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts anticipate that Home Depot will post 15.13 EPS for the current fiscal year.

Insider Activity

In other news, EVP William D. Bastek sold 3,783 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $9,941,924.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Edward P. Decker sold 32,897 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $397.22, for a total value of $13,067,346.34. Following the transaction, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 44,466 shares of company stock valued at $17,859,432. 0.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Parvin Asset Management LLC increased its position in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the period. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot in the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. bought a new position in Home Depot in the second quarter worth approximately $29,000. Financially Speaking Inc purchased a new position in Home Depot during the 3rd quarter worth $31,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Home Depot during the 2nd quarter valued at $32,000. 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.