Home Depot (NYSE:HD) Given “Buy” Rating at Guggenheim

Home Depot (NYSE:HD)‘s stock had its “buy” rating restated by Guggenheim in a report released on Monday,Benzinga reports. They currently have a $425.00 price target on the home improvement retailer’s stock. Guggenheim’s price objective indicates a potential upside of 25.29% from the stock’s current price.

Other analysts also recently issued research reports about the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $346.00 price target on shares of Home Depot in a research report on Wednesday, May 20th. Royal Bank Of Canada decreased their price objective on shares of Home Depot from $377.00 to $340.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 20th. Argus lowered their target price on shares of Home Depot from $425.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Citigroup dropped their target price on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Finally, UBS Group cut their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” 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 assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $371.71.

Home Depot Trading Up 0.1%

Shares of HD stock opened at $339.22 on Monday. The company has a market capitalization of $338.24 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 3.91 and a beta of 0.95. Home Depot has a 52-week low of $289.10 and a 52-week high of $426.75. The business’s fifty day moving average is $326.96 and its 200 day moving average is $345.22. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, topping the consensus estimate of $3.41 by $0.02. The business had revenue of $41.77 billion during 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 revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.56 earnings per share. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts anticipate that Home Depot will post 15.01 EPS for the current fiscal year.

Institutional Trading of Home Depot

A number of hedge funds have recently bought and sold shares of HD. Parvin Asset Management LLC grew its holdings in shares of Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after purchasing an additional 33 shares during the last quarter. Advocate Investing Services LLC bought a new stake in Home Depot in the fourth quarter worth $25,000. Key Capital Management INC purchased a new stake in Home Depot during the fourth quarter valued at about $28,000. Cache Advisors LLC bought a new position in shares of Home Depot during the first quarter valued at about $27,000. Finally, Imprint Wealth LLC purchased a new position in shares of Home Depot in the third quarter worth about $34,000. Institutional investors own 70.86% of the company’s stock.

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.