Home Depot (NYSE:HD) Rating Reiterated by Truist Financial

Home Depot (NYSE:HD)‘s stock had its “buy” rating reiterated by analysts at Truist Financial in a research note issued on Wednesday, Benzinga reports. They presently have a $417.00 target price on the home improvement retailer’s stock. Truist Financial’s price target suggests a potential upside of 25.27% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. StockNews.com cut shares of Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup lifted their target price on shares of Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Mizuho initiated coverage on shares of Home Depot in a research note on Tuesday, March 19th. They issued a “buy” rating and a $415.00 target price for the company. Bank of America lifted their target price on shares of Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Wedbush lifted their target price on shares of Home Depot from $380.00 to $410.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.96.

Home Depot Trading Up 0.0 %

HD stock opened at $332.89 on Wednesday. The company has a market capitalization of $329.90 billion, a PE ratio of 22.05, a P/E/G ratio of 2.23 and a beta of 0.98. Home Depot has a 12 month low of $274.26 and a 12 month high of $396.87. The firm’s 50-day moving average is $367.92 and its 200 day moving average is $338.97. The company has a debt-to-equity ratio of 40.94, a current ratio of 1.35 and a quick ratio of 0.40.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.05. Home Depot had a net margin of 9.92% and a return on equity of 1,452.22%. The company had revenue of $34.79 billion for the quarter, compared to analysts’ expectations of $34.64 billion. During the same period in the prior year, the business earned $3.30 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. On average, research analysts anticipate that Home Depot will post 15.37 EPS for the current year.

Insider Activity at Home Depot

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of Home Depot stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the sale, the executive vice president now owns 75,799 shares of the company’s stock, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Home Depot news, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the sale, the chief executive officer now owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total transaction of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares in the company, valued at approximately $27,950,123.26. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BCK Partners Inc. purchased a new stake in Home Depot in the 1st quarter valued at about $2,933,000. Fairfield Bush & CO. purchased a new stake in Home Depot in the 1st quarter valued at about $27,000. Ergoteles LLC purchased a new stake in Home Depot in the 1st quarter valued at about $1,554,000. Equitable Holdings Inc. raised its holdings in Home Depot by 7.4% in the 1st quarter. Equitable Holdings Inc. now owns 14,628 shares of the home improvement retailer’s stock valued at $4,379,000 after buying an additional 1,007 shares during the period. Finally, First Trust Advisors LP raised its holdings in Home Depot by 3.2% in the 1st quarter. First Trust Advisors LP now owns 791,318 shares of the home improvement retailer’s stock valued at $236,865,000 after buying an additional 24,640 shares during the period. Institutional investors and hedge funds 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.