Mizuho Boosts Home Depot (NYSE:HD) Price Target to $450.00

Home Depot (NYSE:HD) had its price objective raised by Mizuho from $435.00 to $450.00 in a research note published on Wednesday,Benzinga reports. Mizuho currently has an outperform rating on the home improvement retailer’s stock.

Other research analysts have also issued research reports about the stock. Morgan Stanley raised their price objective on shares of Home Depot from $415.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday. DA Davidson restated a “buy” rating and set a $450.00 price target on shares of Home Depot in a report on Tuesday. Stifel Nicolaus raised their price target on shares of Home Depot from $425.00 to $432.00 and gave the stock a “buy” rating in a report on Monday. Robert W. Baird raised their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Truist Financial raised their price target on shares of Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Home Depot has a consensus rating of “Moderate Buy” and an average target price of $432.52.

Home Depot Stock Down 1.3%

Shares of NYSE HD opened at $402.0330 on Wednesday. The company has a 50 day simple moving average of $372.65 and a 200 day simple moving average of $371.64. The firm has a market cap of $399.99 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 3.87 and a beta of 1.00. Home Depot has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. On average, research analysts forecast that Home Depot will post 15.13 EPS for the current year.

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the completion of the sale, the executive vice president owned 17,367 shares in the company, valued at $6,413,285.76. The trade was a 23.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Home Depot

Hedge funds have recently modified their holdings of the stock. Legend Financial Advisors Inc. acquired a new stake in Home Depot in the 2nd quarter valued at $28,000. Navigoe LLC acquired a new stake in Home Depot in the 4th quarter valued at $29,000. Sagard Holdings Management Inc. acquired a new stake in Home Depot in the 2nd quarter valued at $29,000. Abound Financial LLC bought a new position in Home Depot in the 1st quarter valued at about $31,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Home Depot in the 2nd quarter valued at about $32,000. Institutional investors own 70.86% of the company’s stock.

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.