Analysts Set The Home Depot, Inc. (NYSE:HD) Price Target at $404.50

Shares of The Home Depot, Inc. (NYSE:HD) have been given a consensus recommendation of “Moderate Buy” by the thirty-four research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-one have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $404.50.

Several equities research analysts have issued reports on the stock. Oppenheimer lowered their price objective on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research report on Friday, December 5th. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th. Morgan Stanley increased their price objective on Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered their target price on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th.

Insiders Place Their Bets

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total transaction of $695,947.98. Following the transaction, the executive vice president owned 3,941 shares of the company’s stock, valued at approximately $1,409,419.83. This trade represents a 33.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the sale, the executive vice president directly owned 13,196 shares of the company’s stock, valued at $4,599,069.92. The trade was a 17.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,963 shares of company stock worth $1,748,845 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Moran Wealth Management LLC boosted its position in shares of Home Depot by 48.2% in the 4th quarter. Moran Wealth Management LLC now owns 36,670 shares of the home improvement retailer’s stock worth $12,618,000 after purchasing an additional 11,923 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Home Depot by 28.5% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 9,169 shares of the home improvement retailer’s stock valued at $3,155,000 after buying an additional 2,036 shares in the last quarter. Zullo Investment Group Inc. increased its position in Home Depot by 0.5% during the 4th quarter. Zullo Investment Group Inc. now owns 7,882 shares of the home improvement retailer’s stock valued at $2,713,000 after buying an additional 36 shares in the last quarter. Lederer & Associates Investment Counsel CA raised its stake in Home Depot by 17.6% in the fourth quarter. Lederer & Associates Investment Counsel CA now owns 3,439 shares of the home improvement retailer’s stock valued at $1,183,000 after buying an additional 515 shares during the last quarter. Finally, Nabity Jensen Investment Management Inc boosted its holdings in Home Depot by 3.4% in the fourth quarter. Nabity Jensen Investment Management Inc now owns 924 shares of the home improvement retailer’s stock worth $318,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Price Performance

HD opened at $386.63 on Friday. The business has a fifty day moving average of $356.59 and a 200 day moving average of $378.67. The stock has a market cap of $384.89 billion, a P/E ratio of 26.36, a PEG ratio of 14.30 and a beta of 1.08. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82. Home Depot has a 52-week low of $326.31 and a 52-week high of $426.75.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, sell-side analysts anticipate that Home Depot will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $9.20 dividend on an annualized basis and a yield of 2.4%. Home Depot’s dividend payout ratio is 62.71%.

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.