Home Depot (NYSE:HD) Price Target Raised to $355.00

Home Depot (NYSE:HD) had its price objective upped by BNP Paribas Exane from $353.00 to $355.00 in a report released on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the home improvement retailer’s stock. BNP Paribas Exane’s price objective indicates a potential upside of 0.94% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Stifel Nicolaus lowered their target price on Home Depot from $370.00 to $350.00 and set a “hold” rating for the company in a research report on Monday. Argus cut their price objective on Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. DA Davidson set a $430.00 target price on shares of Home Depot in a research report on Wednesday, November 19th. JPMorgan Chase & Co. lowered their price target on shares of Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $362.00 price objective on shares of Home Depot in a research note on Monday, November 24th. 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. According to data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and a consensus target price of $403.50.

Home Depot Price Performance

Shares of NYSE:HD opened at $351.71 on Friday. Home Depot has a one year low of $326.31 and a one year high of $436.36. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29. The company has a market cap of $350.13 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 6.31 and a beta of 1.06. The firm has a 50 day simple moving average of $374.17 and a 200 day simple moving average of $379.93.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm 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 revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Research analysts predict that Home Depot will post 15.13 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Home Depot

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Home Depot by 0.3% in the third quarter. Vanguard Group Inc. now owns 98,310,031 shares of the home improvement retailer’s stock worth $39,834,241,000 after acquiring an additional 331,217 shares during the period. State Street Corp boosted its holdings in Home Depot by 0.7% in the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer’s stock worth $16,871,246,000 after buying an additional 300,352 shares during the period. Geode Capital Management LLC raised its holdings in Home Depot by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer’s stock valued at $8,394,611,000 after acquiring an additional 327,674 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Home Depot by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer’s stock worth $5,341,724,000 after acquiring an additional 153,582 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Home Depot in the second quarter valued at $4,885,603,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

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.