Several other research analysts also recently commented on the stock. Guggenheim decreased their price target on shares of Home Depot from $400.00 to $350.00 and set a “na” rating on the stock in a research note on Wednesday. OTR Global downgraded shares of Home Depot to a “positive” rating in a research note on Tuesday, May 10th. Raymond James decreased their target price on shares of Home Depot from $350.00 to $340.00 and set an “outperform” rating on the stock in a research note on Wednesday. Truist Financial decreased their target price on shares of Home Depot from $405.00 to $375.00 and set a “na” rating on the stock in a research note on Wednesday. Finally, TheStreet downgraded shares of Home Depot from a “b” rating to a “c+” rating in a research note on Tuesday, February 22nd. Three analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot has an average rating of “Buy” and a consensus price target of $372.91.
Shares of HD stock traded up $2.58 during trading hours on Thursday, hitting $287.76. 5,169,337 shares of the company’s stock were exchanged, compared to its average volume of 4,989,278. The company has a market capitalization of $297.36 billion, a PE ratio of 18.27, a PEG ratio of 1.88 and a beta of 0.97. Home Depot has a 12-month low of $280.63 and a 12-month high of $420.61. The business’s 50 day simple moving average is $307.90 and its 200-day simple moving average is $351.22. The company has a current ratio of 1.01, a quick ratio of 0.24 and a debt-to-equity ratio of 35.47.
Home Depot (NYSE:HD – Get Rating) last posted its quarterly earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, topping the consensus estimate of $3.68 by $0.41. The firm had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $36.78 billion. Home Depot had a net margin of 10.87% and a return on equity of 2,082.76%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $3.86 earnings per share. Equities analysts anticipate that Home Depot will post 16.07 EPS for the current year.
In other news, EVP Hector A. Padilla sold 504 shares of the company’s stock in a transaction on Friday, March 25th. The stock was sold at an average price of $309.80, for a total transaction of $156,139.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.17% of the company’s stock.
Several large investors have recently made changes to their positions in HD. State Street Corp lifted its holdings in Home Depot by 0.4% in the first quarter. State Street Corp now owns 45,622,114 shares of the home improvement retailer’s stock valued at $13,656,067,000 after acquiring an additional 180,532 shares during the period. Geode Capital Management LLC lifted its holdings in Home Depot by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 16,921,581 shares of the home improvement retailer’s stock valued at $7,002,662,000 after acquiring an additional 701,811 shares during the period. Morgan Stanley lifted its holdings in Home Depot by 3.8% in the third quarter. Morgan Stanley now owns 11,938,903 shares of the home improvement retailer’s stock valued at $3,919,065,000 after acquiring an additional 433,190 shares during the period. Charles Schwab Investment Management Inc. increased its position in Home Depot by 14.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,729,735 shares of the home improvement retailer’s stock worth $3,211,731,000 after buying an additional 1,361,660 shares in the last quarter. Finally, Norges Bank purchased a new stake in Home Depot in the fourth quarter worth about $4,325,629,000. 70.61% of the stock is currently owned by hedge funds and other institutional investors.
Home Depot Company Profile (Get Rating)
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.
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