Weekly Analysts’ Ratings Changes for Home Depot (HD)

Home Depot (NYSE: HD) has recently received a number of price target changes and ratings updates:

• 11/13/2024 – Home Depot had its price target raised by analysts at Evercore ISI from $420.00 to $430.00. They now have an “outperform” rating on the stock.
• 11/13/2024 – Home Depot had its price target raised by analysts at Mizuho from $435.00 to $440.00. They now have an “outperform” rating on the stock.
• 11/13/2024 – Home Depot had its price target raised by analysts at Truist Financial Co. from $459.00 to $465.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Home Depot had its price target raised by analysts at Bank of America Co. from $425.00 to $450.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Home Depot had its price target raised by analysts at Royal Bank of Canada from $363.00 to $413.00. They now have a “sector perform” rating on the stock.
• 11/11/2024 – Home Depot had its price target raised by analysts at Stifel Nicolaus from $375.00 to $400.00. They now have a “hold” rating on the stock.
• 11/8/2024 – Home Depot was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating. They now have a $455.00 price target on the stock, up previously from $360.00.
• 11/7/2024 – Home Depot had its price target raised by analysts at Truist Financial Co. from $455.00 to $459.00. They now have a “buy” rating on the stock.
• 11/6/2024 – Home Depot had its price target raised by analysts at Wells Fargo & Company from $400.00 to $430.00. They now have an “overweight” rating on the stock.
• 11/5/2024 – Home Depot had its price target raised by analysts at Barclays PLC from $372.00 to $420.00. They now have an “overweight” rating on the stock.
• 10/28/2024 – Home Depot had its price target raised by analysts at TD Cowen from $440.00 to $460.00. They now have a “buy” rating on the stock.
• 10/25/2024 – Home Depot had its price target raised by analysts at DA Davidson from $430.00 to $466.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Home Depot is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating and a $451.00 price target on the stock.
• 10/21/2024 – Home Depot had its price target raised by analysts at Morgan Stanley from $380.00 to $450.00. They now have an “overweight” rating on the stock.
• 10/14/2024 – Home Depot had its price target raised by analysts at Truist Financial Co. from $395.00 to $455.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Home Depot was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating. They now have a $460.00 price target on the stock, up previously from $360.00.

Home Depot Trading Down 0.3 %

Shares of HD traded down $1.50 during mid-day trading on Wednesday, reaching $427.86. 1,968,830 shares of the company’s stock traded hands, compared to its average volume of 3,374,583. The Home Depot, Inc. has a 12 month low of $320.01 and a 12 month high of $439.37. The stock has a market cap of $425.02 billion, a P/E ratio of 29.07, a P/E/G ratio of 2.97 and a beta of 1.03. The stock’s 50-day moving average is $409.37 and its two-hundred day moving average is $373.77. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The firm had revenue of $40.22 billion during the quarter, compared to analyst estimates of $39.31 billion. During the same quarter in the prior year, the business posted $3.81 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 2.10%. The ex-dividend date is Wednesday, November 27th. Home Depot’s payout ratio is 61.14%.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 16,004 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $409.52, for a total value of $6,553,958.08. Following the completion of the sale, the executive vice president now directly owns 77,475 shares of the company’s stock, valued at approximately $31,727,562. This represents a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total transaction of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at $8,343,399.64. This represents a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,188 shares of company stock worth $15,624,585. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

A number of hedge funds have recently made changes to their positions in HD. Texas Capital Bank Wealth Management Services Inc boosted its stake in Home Depot by 27.6% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 27,155 shares of the home improvement retailer’s stock valued at $9,348,000 after purchasing an additional 5,879 shares during the period. Pegasus Asset Management Inc. increased its stake in Home Depot by 1.8% in the 3rd quarter. Pegasus Asset Management Inc. now owns 4,994 shares of the home improvement retailer’s stock valued at $2,024,000 after buying an additional 86 shares during the period. Swedbank AB increased its stake in shares of Home Depot by 17.1% during the 3rd quarter. Swedbank AB now owns 909,530 shares of the home improvement retailer’s stock worth $368,542,000 after purchasing an additional 132,967 shares during the last quarter. LGT Group Foundation increased its stake in shares of Home Depot by 121.0% during the 2nd quarter. LGT Group Foundation now owns 269,368 shares of the home improvement retailer’s stock worth $92,727,000 after purchasing an additional 147,482 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of Home Depot by 14.3% during the 3rd quarter. Cerity Partners LLC now owns 673,876 shares of the home improvement retailer’s stock worth $273,055,000 after buying an additional 84,062 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

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.