UBS Group Issues Pessimistic Forecast for Home Depot (NYSE:HD) Stock Price

Home Depot (NYSE:HD) had its price objective decreased by stock analysts at UBS Group from $475.00 to $445.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the home improvement retailer’s stock. UBS Group’s price objective would suggest a potential upside of 32.63% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Evercore ISI decreased their price target on Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a report on Wednesday. DZ Bank reiterated a “sell” rating on shares of Home Depot in a research report on Tuesday. The Goldman Sachs Group lowered their target price on shares of Home Depot from $444.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday. Telsey Advisory Group dropped their target price on Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, HSBC reduced their price target on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a report on Wednesday. Nineteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $416.54.

Home Depot Stock Down 0.3%

Shares of Home Depot stock traded down $0.95 during 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 market cap of $333.98 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. Home Depot has a 1-year low of $326.31 and a 1-year high of $439.37. The company has a 50-day simple moving average of $390.33 and a two-hundred day simple moving average of $381.80.

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

Insiders Place Their Bets

In other news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president owned 16,057 shares of the company’s stock, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,466 shares of company stock valued at $17,859,432 in the last 90 days. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HD. Norges Bank purchased a new position in Home Depot during the second quarter worth approximately $4,885,603,000. Laurel Wealth Advisors LLC raised its stake in Home Depot by 36,207.5% during the second quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock worth $3,694,552,000 after purchasing an additional 10,049,029 shares during the period. Nuveen LLC purchased a new stake in shares of Home Depot in the 1st quarter valued at approximately $2,076,592,000. Valeo Financial Advisors LLC increased its holdings in shares of Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after buying an additional 4,510,944 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Home Depot by 60.8% during the 3rd quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock valued at $4,109,878,000 after buying an additional 3,836,051 shares during the period. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.