Home Depot (NYSE:HD) Price Target Lowered to $330.00 at Gordon Haskett

Home Depot (NYSE:HD) had its price objective trimmed by Gordon Haskett from $395.00 to $330.00 in a research report report published on Friday,MarketScreener reports.

Several other analysts have also recently weighed in on the company. Wolfe Research raised their price target on Home Depot from $413.00 to $414.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. TD Cowen restated a “buy” rating on shares of Home Depot in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a research note on Friday, March 27th. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a research report on Wednesday, February 25th. Finally, The Goldman Sachs Group cut their price target on shares of Home Depot from $413.00 to $409.00 in a research note on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and a consensus target price of $410.86.

Home Depot Stock Down 1.6%

Shares of NYSE:HD opened at $317.43 on Friday. The firm has a fifty day moving average price of $339.65 and a two-hundred day moving average price of $357.57. The company has a market cap of $316.17 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 3.72 and a beta of 1.00. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.06 and a quick ratio of 0.26. Home Depot has a one year low of $310.40 and a one year high of $426.75.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.20. The company had revenue of $38.20 billion for the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. Analysts anticipate that Home Depot will post 15.03 EPS for the current fiscal year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were paid a $2.33 dividend. This is an increase from Home Depot’s previous quarterly dividend of $2.30. This represents a $9.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 12th. Home Depot’s payout ratio is currently 65.50%.

Insider Buying and Selling

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of Home Depot stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by insiders.

Hedge Funds Weigh In On Home Depot

Institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in shares of Home Depot by 36.5% in the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after acquiring an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Home Depot by 7.1% during the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after purchasing an additional 173 shares during the period. Schnieders Capital Management LLC. grew its holdings in shares of Home Depot by 14.1% in the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock worth $4,248,000 after purchasing an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Home Depot in the second quarter worth approximately $1,773,000. Finally, Financial Advisors Network Inc. increased its stake in shares of Home Depot by 11.3% in the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock worth $868,000 after buying an additional 241 shares during the period. Institutional investors own 70.86% of the company’s stock.

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.