Home Depot (NYSE:HD) Given New $330.00 Price Target at Gordon Haskett

Home Depot (NYSE:HD) had its price target increased by stock analysts at Gordon Haskett from $320.00 to $330.00 in a report issued on Friday,MarketScreener reports. Gordon Haskett’s price target indicates a potential upside of 0.50% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Jefferies Financial Group cut their price target on Home Depot from $361.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. Citigroup cut their price target on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Truist Financial cut their price target on Home Depot from $394.00 to $369.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. UBS Group cut their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, DA Davidson cut their price target on Home Depot from $445.00 to $377.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Stock Up 0.7%

Shares of HD stock traded up $2.36 during trading hours on Friday, reaching $328.37. 3,648,080 shares of the company’s stock were exchanged, compared to its average volume of 5,082,888. The company has a market cap of $327.42 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 3.76 and a beta of 0.97. The company has a current ratio of 1.04, a quick ratio of 0.28 and a debt-to-equity ratio of 3.23. The stock’s 50 day moving average is $322.44 and its 200-day moving average is $347.04. Home Depot has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.02. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm had revenue of $41.77 billion for the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the prior year, the firm earned $3.56 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts predict that Home Depot will post 15.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HD. Parvin Asset Management LLC lifted its stake in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares in the last quarter. Advocate Investing Services LLC purchased a new position in Home Depot in the 4th quarter worth approximately $25,000. Key Capital Management INC purchased a new position in Home Depot in the 4th quarter worth approximately $28,000. Cache Advisors LLC purchased a new position in Home Depot in the 1st quarter worth approximately $27,000. Finally, Imprint Wealth LLC purchased a new position in Home Depot in the 3rd quarter worth approximately $34,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

About Home Depot

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.