The Home Depot, Inc. (NYSE:HD) Given Average Recommendation of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of The Home Depot, Inc. (NYSE:HD – Get Free Report) have received an average rating of “Moderate Buy” from the thirty-four analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and twenty-one have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $403.50.

A number of equities analysts have issued reports on HD shares. Weiss Ratings restated a “hold (c+)” rating on shares of Home Depot in a report on Monday. Robert W. Baird cut their target price on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Gordon Haskett decreased their price target on shares of Home Depot from $345.00 to $330.00 and set a “hold” rating for the company in a research note on Wednesday, November 19th. TD Cowen cut their price objective on shares of Home Depot from $470.00 to $410.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Finally, Bank of America reduced their target price on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th.

Get Our Latest Stock Report on Home Depot

Insider Buying and Selling at Home Depot

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HD. Parvin Asset Management LLC increased 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 purchasing an additional 33 shares in the last quarter. Legend Financial Advisors Inc. purchased a new position in shares of Home Depot during the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. bought a new stake in Home Depot during the second quarter worth $29,000. Financially Speaking Inc bought a new stake in Home Depot during the third quarter worth $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Home Depot in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Price Performance

Shares of NYSE HD opened at $345.05 on Friday. The company has a market capitalization of $343.50 billion, a PE ratio of 23.52, a P/E/G ratio of 6.17 and a beta of 1.06. 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 $428.00. The firm has a fifty day simple moving average of $370.71 and a 200 day simple moving average of $379.61.

Home Depot (NYSE:HD – Get Free Report) last issued its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The business 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 was up 2.8% on a year-over-year basis. During the same quarter 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. On average, sell-side analysts forecast that Home Depot will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $2.30 dividend. This represents a $9.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, December 4th. Home Depot’s dividend payout ratio (DPR) is 62.71%.

Home Depot Company Profile

(Get Free Report)

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.

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