Home Depot (NYSE:HD) Earns “Buy” Rating from Guggenheim

Home Depot (NYSE:HD)‘s stock had its “buy” rating reissued by research analysts at Guggenheim in a research report issued to clients and investors on Monday, MarketBeat reports. They currently have a $425.00 price target on the home improvement retailer’s stock. Guggenheim’s price target would suggest a potential upside of 28.12% from the company’s current price.

A number of other research analysts also recently issued reports on HD. The Goldman Sachs Group decreased their price target on shares of Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Wolfe Research lowered shares of Home Depot from an “outperform” rating to a “peer perform” rating in a report on Tuesday, June 23rd. Bank of America initiated coverage on shares of Home Depot in a research report on Tuesday, May 5th. They set a “buy” rating and a $374.00 price objective for the company. Finally, Telsey Advisory Group lowered their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, May 20th. Eighteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $371.71.

Home Depot Price Performance

HD stock opened at $331.73 on Monday. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. The firm has a market capitalization of $330.77 billion, a P/E ratio of 23.56, a P/E/G ratio of 3.84 and a beta of 0.95. The business’s 50-day moving average is $327.81 and its two-hundred day moving average is $345.04. Home Depot has a 1 year low of $289.10 and a 1 year high of $426.75.

Home Depot (NYSE:HD) last announced 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. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The business had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. During the same period in the previous year, the company posted $3.56 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts anticipate that Home Depot will post 15.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Home Depot

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Curio Wealth LLC boosted its holdings in shares of Home Depot by 13.5% in the 4th quarter. Curio Wealth LLC now owns 218 shares of the home improvement retailer’s stock worth $76,000 after buying an additional 26 shares during the last quarter. Westfuller Advisors LLC increased its holdings in Home Depot by 2.1% during the fourth quarter. Westfuller Advisors LLC now owns 1,325 shares of the home improvement retailer’s stock worth $456,000 after buying an additional 27 shares during the last quarter. Darwin Wealth Management LLC increased its holdings in Home Depot by 0.5% during the fourth quarter. Darwin Wealth Management LLC now owns 4,949 shares of the home improvement retailer’s stock worth $1,703,000 after buying an additional 27 shares during the last quarter. Alesco Advisors LLC raised its position in Home Depot by 3.2% in the fourth quarter. Alesco Advisors LLC now owns 866 shares of the home improvement retailer’s stock worth $298,000 after acquiring an additional 27 shares during the period. Finally, Canandaigua National Trust Co of Florida raised its position in Home Depot by 1.3% in the fourth quarter. Canandaigua National Trust Co of Florida now owns 2,178 shares of the home improvement retailer’s stock worth $749,000 after acquiring an additional 27 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

About Home Depot

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.