Home Depot (NYSE:HD) Given New $400.00 Price Target at Guggenheim

Home Depot (NYSE:HD) had its price target reduced by research analysts at Guggenheim from $450.00 to $400.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the home improvement retailer’s stock. Guggenheim’s price target would indicate a potential upside of 18.47% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. The Goldman Sachs Group cut their price target on Home Depot from $444.00 to $406.00 and set a “buy” rating on the stock in a research note on Wednesday. Mizuho raised their target price on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Oppenheimer boosted their target price on Home Depot from $400.00 to $420.00 and gave the stock a “market perform” rating in a research report on Thursday, September 25th. Bank of America decreased their price objective on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Royal Bank Of Canada decreased their price target on shares of Home Depot from $401.00 to $376.00 and set a “sector perform” rating for the company in a report on Wednesday. Twenty equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $410.36.

Home Depot Price Performance

Shares of NYSE:HD traded up $3.14 during trading on Thursday, reaching $337.64. The stock had a trading volume of 758,712 shares, compared to its average volume of 3,538,091. The stock has a market capitalization of $336.08 billion, a PE ratio of 22.91, a P/E/G ratio of 3.59 and a beta of 1.00. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. Home Depot has a 52 week low of $326.31 and a 52 week high of $439.37. The business’s 50-day moving average price is $388.76 and its 200 day moving average price is $381.47.

Home Depot (NYSE:HD) last released its quarterly 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). The business had revenue of $41.35 billion for 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%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business 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 predict that Home Depot will post 15.13 earnings per share for the current year.

Insiders Place Their Bets

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of Home Depot 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 sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. The trade was a 8.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 11,569 shares of company stock worth $4,792,086. 0.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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