The Home Depot, Inc. (NYSE:HD) Receives $403.93 Consensus Price Target from Brokerages

The Home Depot, Inc. (NYSE:HD) has been given an average rating of “Moderate Buy” by the thirty-four ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $403.50.

A number of research analysts recently commented on the company. Argus decreased their price target on Home Depot from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Telsey Advisory Group decreased their target price on shares of Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. UBS Group restated a “buy” rating on shares of Home Depot in a research report on Friday. Robert W. Baird reduced their price target on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Finally, DZ Bank reissued a “sell” rating on shares of Home Depot in a research note on Tuesday, November 18th.

Home Depot Stock Up 1.0%

Shares of HD opened at $354.65 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. Home Depot has a 12 month low of $326.31 and a 12 month high of $436.36. The firm’s 50 day moving average is $373.06 and its 200-day moving average is $379.85. The stock has a market capitalization of $353.05 billion, a PE ratio of 24.17, a P/E/G ratio of 6.25 and a beta of 1.06.

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

Home Depot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $2.30 dividend. The ex-dividend date is Thursday, December 4th. This represents a $9.20 annualized dividend and a dividend yield of 2.6%. Home Depot’s dividend payout ratio (DPR) is presently 62.71%.

Insider Activity at Home Depot

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

Hedge Funds Weigh In On Home Depot

Institutional investors and hedge funds have recently bought and sold shares of the company. Parvin Asset Management LLC grew its holdings in Home Depot by 110.0% during the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after acquiring an additional 33 shares during the last quarter. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot during the second quarter worth $28,000. Financially Speaking Inc acquired a new position in shares of Home Depot during the third quarter worth $31,000. Sagard Holdings Management Inc. bought a new stake in shares of Home Depot in the second quarter worth $29,000. Finally, Imprint Wealth LLC acquired a new stake in Home Depot in the third quarter valued at $34,000. Institutional investors and hedge funds 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.