Home Depot (NYSE:HD) Given New $430.00 Price Target at Telsey Advisory Group

Home Depot (NYSE:HD) had its target price cut by analysts at Telsey Advisory Group from $455.00 to $430.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the home improvement retailer’s stock. Telsey Advisory Group’s price objective points to a potential upside of 27.77% from the company’s current price.

A number of other analysts have also weighed in on the stock. KGI Securities lowered shares of Home Depot from an “outperform” rating to a “neutral” rating in a research note on Wednesday. Wells Fargo & Company restated an “overweight” rating and issued a $400.00 target price on shares of Home Depot in a research report on Wednesday. Truist Financial set a $379.00 price target on Home Depot in a research note on Tuesday. Mizuho boosted their price objective on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Home Depot in a report on Thursday, November 13th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $422.68.

Home Depot Stock Performance

Shares of NYSE HD opened at $336.55 on Wednesday. Home Depot has a 12-month low of $326.31 and a 12-month high of $439.37. The company has a market cap of $334.99 billion, a PE ratio of 22.86, a P/E/G ratio of 3.59 and a beta of 1.00. The stock has a 50 day simple moving average of $390.33 and a 200-day simple moving average of $381.80. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last announced its 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 the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities research analysts forecast that Home Depot will post 15.13 EPS for the current year.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the completion of the sale, the executive vice president directly owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward P. Decker sold 32,897 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the completion of the transaction, the chief executive officer owned 122,425 shares of the company’s stock, valued at approximately $48,629,658.50. The trade was a 21.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 44,466 shares of company stock valued at $17,859,432 over the last three months. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Home Depot

Hedge funds have recently made changes to their positions in the company. Parvin Asset Management LLC grew its holdings in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in Home Depot during the 2nd quarter worth about $28,000. Financially Speaking Inc purchased a new position in Home Depot during the 3rd quarter valued at about $31,000. Sagard Holdings Management Inc. purchased a new position in Home Depot during the 2nd quarter valued at about $29,000. Finally, Imprint Wealth LLC acquired a new position in shares of Home Depot in the 3rd quarter valued at about $34,000. Hedge funds and other 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.