Home Depot (NYSE:HD) Price Target Lowered to $353.00 at BNP Paribas Exane

Home Depot (NYSE:HD) had its price target reduced by BNP Paribas Exane from $391.00 to $353.00 in a report issued on Wednesday morning,MarketScreener reports. They currently have a neutral rating on the home improvement retailer’s stock.

HD has been the subject of several other research reports. Gordon Haskett reduced their price objective on shares of Home Depot from $400.00 to $345.00 in a report on Monday, November 10th. UBS Group dropped their price target on shares of Home Depot from $475.00 to $445.00 and set a “buy” rating on the stock in a research report on Wednesday. Telsey Advisory Group decreased their price objective on shares of Home Depot from $455.00 to $430.00 and set an “outperform” rating for the company in a report on Wednesday. Sanford C. Bernstein dropped their target price on Home Depot from $406.00 to $362.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, HSBC cut their target price on Home Depot from $445.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday. Twenty equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $410.36.

Home Depot Stock Performance

HD stock traded up $2.44 on Wednesday, reaching $336.94. The company’s stock had a trading volume of 817,608 shares, compared to its average volume of 3,539,643. Home Depot has a 52 week low of $326.31 and a 52 week 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 0.34. The company has a market capitalization of $335.38 billion, a P/E ratio of 22.93, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The firm has a fifty day moving average of $388.76 and a two-hundred day moving average of $381.47.

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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the previous year, the firm earned $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. As a group, analysts predict that Home Depot will post 15.13 EPS for the current fiscal year.

Insider Transactions at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $413.23, for a total transaction of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares in the company, valued at approximately $6,635,234.11. The trade was a 25.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the sale, the executive vice president owned 24,235 shares in the company, valued at $9,941,924.05. This represents a 13.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,569 shares of company stock worth $4,792,086 in the last three months. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Parvin Asset Management LLC lifted its position in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $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 $28,000. Sagard Holdings Management Inc. acquired a new stake in shares of Home Depot during the second quarter worth $29,000. Financially Speaking Inc acquired a new position in shares of Home Depot during the 3rd quarter worth about $31,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Home Depot in the second quarter valued at approximately $32,000. Institutional investors and hedge funds 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.