Home Depot (NYSE:HD) Price Target Lowered to $414.00 at Wolfe Research

Home Depot (NYSE:HD) had its price objective cut by Wolfe Research from $423.00 to $414.00 in a research note published on Wednesday morning,MarketScreener reports. They currently have an outperform rating on the home improvement retailer’s stock.

Several other research analysts have also recently commented on the stock. Guggenheim decreased their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Truist Financial reduced their price objective on Home Depot from $379.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group set a $430.00 price objective on Home Depot in a report on Wednesday. Piper Sandler cut their target price on Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Robert W. Baird reduced their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

Home Depot Stock Performance

NYSE HD traded up $1.61 during trading hours on Wednesday, hitting $359.07. The company had a trading volume of 563,148 shares, compared to its average volume of 3,647,038. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. The firm has a market cap of $357.46 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 6.19 and a beta of 1.06. Home Depot has a fifty-two week low of $326.31 and a fifty-two week high of $426.75. The business has a fifty day simple moving average of $369.05 and a 200-day simple moving average of $379.25.

Home Depot (NYSE:HD) last released its quarterly 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). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the prior year, the company posted $3.78 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Equities analysts predict that Home Depot will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s payout ratio is currently 62.71%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Home Depot by 36.5% during the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares during the last quarter. United Bank grew its position in Home Depot by 14.9% in the first quarter. United Bank now owns 5,023 shares of the home improvement retailer’s stock worth $1,841,000 after buying an additional 653 shares during the last quarter. OneAscent Investment Solutions LLC bought a new position in shares of Home Depot in the first quarter valued at $200,000. Cookson Peirce & Co. Inc. lifted its position in shares of Home Depot by 29.3% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 719 shares of the home improvement retailer’s stock valued at $264,000 after acquiring an additional 163 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Home Depot by 23.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 93,174 shares of the home improvement retailer’s stock valued at $34,148,000 after acquiring an additional 17,956 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

About Home Depot

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.