Sanford C. Bernstein Has Lowered Expectations for Home Depot (NYSE:HD) Stock Price

Home Depot (NYSE:HD) had its target price cut by investment analysts at Sanford C. Bernstein from $406.00 to $362.00 in a research note issued on Wednesday,MarketScreener reports. The firm currently has a “market perform” rating on the home improvement retailer’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 8.56% from the company’s current price.

A number of other analysts have also recently commented on HD. KGI Securities cut Home Depot from an “outperform” rating to a “neutral” rating and set a $320.00 price target for the company. in a research report on Wednesday. Evercore ISI reduced their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a report on Wednesday. Wolfe Research assumed coverage on shares of Home Depot in a report on Thursday, September 18th. They set an “outperform” rating and a $497.00 price target on the stock. DA Davidson reiterated a “buy” rating and issued a $475.00 price target on shares of Home Depot in a research report on Tuesday. Finally, Wells Fargo & Company decreased their price objective on shares of Home Depot from $435.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $415.40.

Home Depot Stock Performance

Shares of NYSE HD opened at $333.44 on Wednesday. Home Depot has a 12-month low of $326.31 and a 12-month high of $439.37. The firm has a market capitalization of $331.90 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth 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. The firm has a 50 day moving average of $390.33 and a 200 day moving average of $381.80.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to analysts’ expectations 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 was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, research analysts anticipate that Home Depot will post 15.13 earnings per share for the current year.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the completion of the transaction, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 44,466 shares of company stock worth $17,859,432 in the last quarter. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HD. Second Line Capital LLC lifted its stake in shares of Home Depot by 1.3% in the 3rd quarter. Second Line Capital LLC now owns 9,349 shares of the home improvement retailer’s stock valued at $3,788,000 after purchasing an additional 117 shares during the last quarter. GM Advisory Group LLC boosted its position in Home Depot by 12.9% in the 3rd quarter. GM Advisory Group LLC now owns 8,839 shares of the home improvement retailer’s stock valued at $3,581,000 after buying an additional 1,007 shares during the period. Advisory Services Network LLC grew its stake in Home Depot by 0.7% in the third quarter. Advisory Services Network LLC now owns 57,836 shares of the home improvement retailer’s stock worth $23,434,000 after purchasing an additional 408 shares in the last quarter. San Luis Wealth Advisors LLC purchased a new position in Home Depot during the 3rd quarter valued at about $403,000. Finally, Tcfg Wealth Management LLC increased its holdings in Home Depot by 826.3% during the third quarter. Tcfg Wealth Management LLC now owns 20,554 shares of the home improvement retailer’s stock valued at $8,328,000 after buying an additional 18,335 shares during the period. 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.