Gordon Haskett Raises Home Depot (NYSE:HD) Price Target to $370.00

Home Depot (NYSE:HD) had its price objective lifted by Gordon Haskett from $330.00 to $370.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a “hold” rating on the home improvement retailer’s stock. Gordon Haskett’s target price would indicate a potential downside of 6.04% from the company’s current price.

Several other brokerages have also recently issued reports on HD. Guggenheim dropped their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Wall Street Zen cut Home Depot from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Wolfe Research dropped their price target on Home Depot from $415.00 to $414.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Wells Fargo & Company cut their price objective on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Finally, Truist Financial set a $405.00 price target on shares of Home Depot in a research note on Friday, January 16th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and a consensus target price of $405.80.

Home Depot Trading Up 0.8%

HD stock traded up $3.12 during midday trading on Wednesday, reaching $393.80. The stock had a trading volume of 337,702 shares, compared to its average volume of 4,302,195. The firm has a market cap of $392.03 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 13.91 and a beta of 1.08. The business has a fifty day simple moving average of $364.64 and a two-hundred day simple moving average of $379.81. 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 twelve month low of $326.31 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last released its quarterly 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 firm had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous 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, research analysts expect that Home Depot will post 15.13 EPS for the current fiscal year.

Insider Activity at Home Depot

In related news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the transaction, the executive vice president directly owned 12,320 shares in the company, valued at approximately $4,413,763.20. The trade was a 1.16% 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 Angie Brown sold 1,946 shares of Home Depot stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $357.63, for a total value of $695,947.98. Following the completion of the transaction, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. This represents a 33.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Home Depot

Hedge funds have recently bought and sold shares of the company. Centerpoint Advisory Group grew its position in Home Depot by 0.8% during the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after buying an additional 26 shares during the period. Disciplined Investors L.L.C. raised its stake in shares of Home Depot by 2.3% during the 2nd quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock worth $432,000 after buying an additional 26 shares in the last quarter. Brio Consultants LLC increased its position in shares of Home Depot by 4.7% in the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after buying an additional 26 shares in the last quarter. Emprise Bank grew its position in shares of Home Depot by 0.8% in the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock valued at $1,270,000 after purchasing an additional 26 shares during the period. Finally, Stegent Equity Advisors Inc. grew its holdings in shares of Home Depot by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock worth $408,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Company Profile

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.