The Home Depot, Inc. (NYSE:HD) Receives $402.10 Average Price Target from Analysts

The Home Depot, Inc. (NYSE:HD) has been given a consensus recommendation of “Moderate Buy” by the thirty-four analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $402.10.

A number of research firms recently weighed in on HD. Evercore ISI decreased their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. JPMorgan Chase & Co. decreased their price target on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Citigroup lowered their price objective 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. The Goldman Sachs Group reissued a “buy” rating and set a $413.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. Finally, Daiwa Capital Markets upped their target price on Home Depot from $348.00 to $360.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 16th.

Insider Activity at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the sale, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the transaction, the executive vice president directly owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,963 shares of company stock valued at $1,748,845 over the last three months. 0.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Home Depot

A number of hedge funds have recently made changes to their positions in the business. Parvin Asset Management LLC boosted its position in Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the period. Legend Financial Advisors Inc. bought a new stake in shares of Home Depot in the 2nd quarter valued at about $28,000. Sagard Holdings Management Inc. bought a new stake in shares of Home Depot in the 2nd quarter valued at about $29,000. Financially Speaking Inc purchased a new stake in Home Depot during the 3rd quarter valued at about $31,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Home Depot during the 2nd quarter worth approximately $32,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot Stock Performance

Shares of HD opened at $344.06 on Tuesday. Home Depot has a 52-week low of $326.31 and a 52-week high of $426.75. The stock’s 50-day simple moving average is $357.98 and its 200 day simple moving average is $377.49. 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 has a market capitalization of $342.52 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 12.82 and a beta of 1.08.

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

Home Depot Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, December 4th. Home Depot’s dividend payout ratio is 62.71%.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.