Telsey Advisory Group Cuts Home Depot (NYSE:HD) Price Target to $410.00

Home Depot (NYSE:HD) had its target price trimmed by Telsey Advisory Group from $430.00 to $410.00 in a research report released on Wednesday, Marketbeat.com reports. The firm currently has an outperform rating on the home improvement retailer’s stock.

HD has been the topic of several other research reports. UBS Group dropped their price target on shares of Home Depot from $445.00 to $430.00 and set a “buy” rating on the stock in a research note on Friday, December 5th. Citigroup lowered their target price on Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Piper Sandler cut their target price on Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a research note on Wednesday. Guggenheim reduced their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, TD Cowen lowered their price target on Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $401.17.

Home Depot Stock Performance

HD stock opened at $359.52 on Wednesday. Home Depot has a 1 year low of $326.31 and a 1 year high of $426.75. The stock has a market capitalization of $357.90 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 13.32 and a beta of 1.06. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. The stock’s fifty day moving average is $368.34 and its two-hundred day moving average is $379.23.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research analysts predict that Home Depot will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s payout ratio is presently 62.71%.

Insider Buying and Selling

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock worth $10,471,000 after purchasing an additional 7,203 shares during the period. United Bank lifted its holdings in shares of Home Depot by 14.9% in the first quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock valued at $1,841,000 after purchasing an additional 653 shares in the last quarter. National Pension Service boosted its position in shares of Home Depot by 5.4% in the first quarter. National Pension Service now owns 1,963,349 shares of the home improvement retailer’s stock worth $719,548,000 after buying an additional 100,507 shares during the period. S Bank Fund Management Ltd acquired a new stake in shares of Home Depot in the first quarter worth $3,293,000. Finally, NFP Retirement Inc. grew its holdings in shares of Home Depot by 0.8% during the first quarter. NFP Retirement Inc. now owns 8,171 shares of the home improvement retailer’s stock valued at $2,994,000 after buying an additional 63 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Company Profile

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.