Home Depot (NYSE:HD) Given New $415.00 Price Target at Wolfe Research

Home Depot (NYSE:HD) had its target price upped by stock analysts at Wolfe Research from $414.00 to $415.00 in a research report issued on Monday,MarketScreener reports. The firm currently has an “outperform” rating on the home improvement retailer’s stock. Wolfe Research’s target price points to a potential upside of 21.27% from the stock’s current price.

A number of other analysts have also recently commented on HD. Wells Fargo & Company reduced their price target on Home Depot from $400.00 to $395.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Wall Street Zen downgraded Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. The Goldman Sachs Group reiterated a “buy” rating and set a $413.00 price objective on shares of Home Depot in a research report on Wednesday, December 10th. Zacks Research cut shares of Home Depot from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 27th. Finally, Gordon Haskett decreased their price target on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $402.10.

Home Depot Price Performance

HD opened at $342.21 on Monday. The stock has a 50-day moving average price of $364.75 and a 200-day moving average price of $378.64. The firm has a market cap of $340.67 billion, a PE ratio of 23.34, a P/E/G ratio of 12.85 and a beta of 1.06. Home Depot has a 1 year low of $326.31 and a 1 year high of $426.75. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.05 and a quick ratio of 0.29.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm had revenue of $41.35 billion during the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter last year, the business earned $3.78 earnings per share. The business’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. Sell-side analysts predict that Home Depot will post 15.13 earnings per share for the current fiscal year.

Insider Transactions at Home Depot

In related news, EVP Angie Brown sold 1,946 shares of Home Depot stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the sale, the executive vice president owned 3,941 shares of the company’s stock, valued at $1,409,419.83. The trade was a 33.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HD. Norges Bank purchased a new position in shares of Home Depot in the second quarter valued at approximately $4,885,603,000. Laurel Wealth Advisors LLC boosted its position in shares of Home Depot by 36,207.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 10,076,783 shares of the home improvement retailer’s stock worth $3,694,552,000 after acquiring an additional 10,049,029 shares in the last quarter. Valeo Financial Advisors LLC raised its position in shares of Home Depot by 16,746.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,537,880 shares of the home improvement retailer’s stock worth $1,663,768,000 after acquiring an additional 4,510,944 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Home Depot by 60.8% during the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after purchasing an additional 3,836,051 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Home Depot by 1.5% in the second quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer’s stock valued at $35,922,952,000 after buying an additional 1,494,615 shares during the last quarter. Hedge funds and other institutional investors own 70.86% of the company’s stock.

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.