Home Depot (NYSE:HD) Rating Increased to Hold at Wall Street Zen

Home Depot (NYSE:HD) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price objective on Home Depot from $423.00 to $396.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. The Goldman Sachs Group reduced their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Jefferies Financial Group reduced their price objective on Home Depot from $454.00 to $361.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Royal Bank Of Canada cut their price target on Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 20th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $346.00 price target on shares of Home Depot in a research note on Wednesday, May 20th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $371.39.

Home Depot Trading Down 2.1%

Shares of HD opened at $310.58 on Tuesday. The stock’s 50-day moving average is $324.35 and its two-hundred day moving average is $349.17. The stock has a market cap of $309.68 billion, a PE ratio of 22.06, a P/E/G ratio of 3.66 and a beta of 1.00. Home Depot has a 12 month low of $289.10 and a 12 month high of $426.75. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion for the quarter, compared to analysts’ expectations of $41.59 billion. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts forecast that Home Depot will post 15.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Richard V. Mcphail sold 2,550 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the sale, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at $16,439,951.74. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by corporate insiders.

Institutional Trading of Home Depot

Several hedge funds and other institutional investors have recently bought and sold shares of HD. Brighton Jones LLC increased its holdings in Home Depot by 36.5% in the fourth quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after buying an additional 7,203 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Home Depot by 7.1% in the second quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after buying an additional 173 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Home Depot by 14.1% during the second quarter. Schnieders Capital Management LLC. now owns 11,587 shares of the home improvement retailer’s stock valued at $4,248,000 after purchasing an additional 1,433 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Home Depot during the second quarter valued at approximately $1,773,000. Finally, Financial Advisors Network Inc. grew its holdings in shares of Home Depot by 11.3% during the second quarter. Financial Advisors Network Inc. now owns 2,368 shares of the home improvement retailer’s stock valued at $868,000 after purchasing an additional 241 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.