Sanford C. Bernstein Lowers Home Depot (NYSE:HD) Price Target to $344.00

Home Depot (NYSE:HD) had its price target lowered by equities research analysts at Sanford C. Bernstein from $354.00 to $344.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “market perform” rating on the home improvement retailer’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 9.88% from the stock’s previous close.

Several other equities research analysts have also weighed in on the stock. HSBC cut their target price on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Citigroup dropped their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Morgan Stanley reduced their target price on Home Depot from $420.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Wall Street Zen raised Home Depot from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, BNP Paribas Exane lowered their price target on Home Depot from $348.00 to $325.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $375.18.

Home Depot Trading Down 0.2%

NYSE HD traded down $0.64 on Wednesday, reaching $313.06. The company had a trading volume of 436,837 shares, compared to its average volume of 4,316,766. Home Depot has a 52 week low of $289.10 and a 52 week high of $426.75. The stock’s 50 day moving average is $337.98 and its 200-day moving average is $335.09. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 2.64. The stock has a market cap of $312.34 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 3.53 and a beta of 0.95.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.73 by $0.19. The company had revenue of $47.86 billion during the quarter, compared to analyst estimates of $47.24 billion. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.68 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Equities analysts predict that Home Depot will post 15 earnings per share for the current year.

Insider Transactions at Home Depot

In other Home Depot news, EVP Michael F. Rowe sold 710 shares of Home Depot stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $336.76, for a total value of $239,099.60. Following the sale, the executive vice president directly owned 6,838 shares in the company, valued at approximately $2,302,764.88. The trade was a 9.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard V. Mcphail sold 5,989 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the sale, the chief financial officer directly owned 48,104 shares in the company, valued at $16,759,433.60. This trade represents a 11.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,154 shares of company stock valued at $3,132,798 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Home Depot

Hedge funds have recently modified their holdings of the stock. National Pension Service raised its holdings in Home Depot by 2.5% during the second quarter. National Pension Service now owns 2,243,280 shares of the home improvement retailer’s stock worth $791,160,000 after acquiring an additional 53,737 shares in the last quarter. Cidel Asset Management Inc. grew its stake in Home Depot by 11.8% in the second quarter. Cidel Asset Management Inc. now owns 6,901 shares of the home improvement retailer’s stock valued at $2,434,000 after purchasing an additional 731 shares in the last quarter. Plimoth Trust Co. LLC grew its stake in Home Depot by 0.5% in the second quarter. Plimoth Trust Co. LLC now owns 6,518 shares of the home improvement retailer’s stock valued at $2,299,000 after purchasing an additional 32 shares in the last quarter. Capital Advantage Inc. increased its position in shares of Home Depot by 2.1% during the 2nd quarter. Capital Advantage Inc. now owns 1,993 shares of the home improvement retailer’s stock worth $703,000 after purchasing an additional 41 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Home Depot by 6.5% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 18,931 shares of the home improvement retailer’s stock worth $6,676,000 after purchasing an additional 1,163 shares during the last quarter. Institutional investors own 70.86% of the company’s stock.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.