Daiwa Capital Markets Boosts Home Depot (NYSE:HD) Price Target to $360.00

Home Depot (NYSE:HD) had its price target upped by research analysts at Daiwa Capital Markets from $348.00 to $360.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the home improvement retailer’s stock. Daiwa Capital Markets’ target price would suggest a potential upside of 0.94% from the stock’s current price.

A number of other equities analysts also recently issued reports on HD. Weiss Ratings reiterated a “hold (c+)” rating on shares of Home Depot in a research note on Monday, December 8th. Guggenheim cut their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Wall Street Zen downgraded Home Depot from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Wells Fargo & Company lowered their price target on Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Finally, Wolfe Research cut their price objective on shares of Home Depot from $423.00 to $414.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot currently has a consensus rating of “Moderate Buy” and an average target price of $402.07.

Home Depot Stock Performance

Shares of HD stock opened at $356.65 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The firm has a fifty day simple moving average of $366.47 and a two-hundred day simple moving average of $379.04. Home Depot has a 12 month low of $326.31 and a 12 month high of $426.75. The firm has a market capitalization of $355.04 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 13.14 and a beta of 1.06.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $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 EPS for the current fiscal year.

Insider Transactions at Home Depot

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

Hedge Funds Weigh In On Home Depot

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parvin Asset Management LLC increased its holdings in Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the last quarter. Legend Financial Advisors Inc. bought a new position in Home Depot during the second quarter worth about $28,000. Financially Speaking Inc purchased a new position in shares of Home Depot in the third quarter worth about $31,000. Sagard Holdings Management Inc. bought a new stake in shares of Home Depot in the second quarter valued at approximately $29,000. Finally, Imprint Wealth LLC bought a new stake in shares of Home Depot in the third quarter valued at approximately $34,000. 70.86% of the stock is owned by institutional investors.

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.