Home Depot (NYSE:HD) Price Target Raised to $360.00

Home Depot (NYSE:HD) had its price objective lifted by investment analysts at Daiwa Capital Markets from $348.00 to $360.00 in a report released on Tuesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the home improvement retailer’s stock. Daiwa Capital Markets’ price objective would indicate a potential upside of 0.98% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Truist Financial dropped their price target on shares of Home Depot from $379.00 to $375.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Citigroup dropped their price objective on shares of Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Home Depot in a research report on Monday, December 8th. Argus lowered their target price on shares of Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Finally, Oppenheimer cut their price objective on Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research report on Friday, December 5th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $401.57.

Home Depot Stock Performance

NYSE:HD opened at $356.50 on Tuesday. Home Depot has a twelve month low of $326.31 and a twelve month high of $426.75. The firm has a market cap of $354.90 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 13.40 and a beta of 1.06. The company has a 50-day moving average of $367.69 and a 200-day moving average of $379.30. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts forecast that Home Depot will post 15.13 earnings per share for the current fiscal year.

Insider Activity

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. This represents a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president owned 12,320 shares in the company, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

A number of hedge funds have recently added to or reduced their stakes in the stock. Mainstay Capital Management LLC ADV purchased a new stake in shares of Home Depot during the second quarter worth about $263,000. WealthPlan Investment Management LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $1,149,000. Tower View Wealth Management LLC boosted its stake in Home Depot by 4.3% during the second quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after buying an additional 671 shares during the period. Ransom Advisory Ltd purchased a new position in shares of Home Depot during the 1st quarter worth about $3,851,000. Finally, Shell Asset Management Co. boosted its position in shares of Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock valued at $17,663,000 after buying an additional 15,002 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.