Home Depot (NYSE:HD) Hits New 12-Month Low Following Analyst Downgrade

The Home Depot, Inc. (NYSE:HD)’s stock price hit a new 52-week low during mid-day trading on Monday after Gordon Haskett lowered their price target on the stock from $395.00 to $330.00. The company traded as low as $310.36 and last traded at $309.9710, with a volume of 2486600 shares. The stock had previously closed at $317.45.

A number of other brokerages have also recently issued reports on HD. Wells Fargo & Company boosted their target price on Home Depot from $395.00 to $420.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Zacks Research upgraded Home Depot from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Bank of America initiated coverage on Home Depot in a report on Tuesday, May 5th. They set a “buy” rating and a $374.00 target price for the company. Wolfe Research upped their price target on Home Depot from $413.00 to $414.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, KeyCorp restated a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Home Depot has an average rating of “Moderate Buy” and an average price target of $410.86.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total value of $940,669.50. Following the completion of the transaction, the chief financial officer owned 44,566 shares in the company, valued at $16,439,951.74. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Home Depot

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in shares of Home Depot by 1.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,190,635 shares of the home improvement retailer’s stock valued at $1,049,368,000 after purchasing an additional 33,747 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new position in shares of Home Depot in the 1st quarter valued at approximately $1,224,000. HORAN Wealth LLC raised its position in shares of Home Depot by 104.7% in the 1st quarter. HORAN Wealth LLC now owns 27,754 shares of the home improvement retailer’s stock valued at $9,218,000 after purchasing an additional 14,197 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Home Depot in the 1st quarter valued at approximately $1,054,000. Finally, DJE Kapital AG raised its position in shares of Home Depot by 4.4% in the 1st quarter. DJE Kapital AG now owns 30,570 shares of the home improvement retailer’s stock valued at $9,968,000 after purchasing an additional 1,300 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Performance

The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The company has a market capitalization of $308.63 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 3.66 and a beta of 1.00. The stock has a 50-day simple moving average of $339.65 and a 200-day simple moving average of $357.57.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.20. The business had revenue of $38.20 billion for the quarter, compared to analyst estimates of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.The business’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.13 EPS. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, analysts anticipate that The Home Depot, Inc. will post 15.03 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $2.33 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $9.32 annualized dividend and a dividend yield of 3.0%. This is an increase from Home Depot’s previous quarterly dividend of $2.30. Home Depot’s dividend payout ratio is currently 65.50%.

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.