Home Depot (NYSE:HD) Price Target Lowered to $425.00 at Argus

Home Depot (NYSE:HD) had its price target decreased by Argus from $450.00 to $425.00 in a report published on Thursday,MarketScreener reports. Argus currently has a buy rating on the home improvement retailer’s stock.

Other analysts have also issued reports about the stock. Telsey Advisory Group cut their target price on shares of Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Nicolaus reiterated a “hold” rating and set a $370.00 price target (down previously from $440.00) on shares of Home Depot in a report on Friday, November 14th. Bank of America reduced their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating on the stock in a report on Wednesday. Gordon Haskett decreased their price objective on shares of Home Depot from $400.00 to $345.00 in a research report on Monday, November 10th. Finally, TD Cowen lowered their target price on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a research note on Wednesday. Twenty-one equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $410.36.

Home Depot Stock Down 0.6%

Home Depot stock opened at $332.50 on Thursday. The firm has a market capitalization of $330.97 billion, a P/E ratio of 22.59, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. Home Depot has a twelve month low of $326.31 and a twelve month high of $439.37. The stock’s fifty day simple moving average is $386.94 and its 200-day simple moving average is $381.13.

Home Depot (NYSE:HD) last released its 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 company had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm 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 expect that Home Depot will post 15.13 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $2.30 per share. This represents a $9.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is currently 62.71%.

Insiders Place Their Bets

In other Home Depot 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 value of $974,445.36. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Home Depot

Several institutional investors and hedge funds have recently made changes to their positions in HD. Centerpoint Advisory Group lifted its stake in Home Depot by 0.8% in the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after buying an additional 26 shares during the last quarter. Disciplined Investors L.L.C. grew its position in shares of Home Depot by 2.3% during the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after acquiring an additional 26 shares during the last quarter. Brio Consultants LLC increased its holdings in shares of Home Depot by 4.7% in the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after acquiring an additional 26 shares during the period. Emprise Bank raised its position in Home Depot by 0.8% in the 3rd quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after purchasing an additional 26 shares during the last quarter. Finally, Stegent Equity Advisors Inc. boosted its stake in Home Depot by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock worth $408,000 after purchasing an additional 26 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

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.