Gordon Haskett Issues Pessimistic Forecast for Home Depot (NYSE:HD) Stock Price

by · The Cerbat Gem

Home Depot (NYSE:HD – Get Free Report) had its target price lowered by equities researchers at Gordon Haskett from $395.00 to $330.00 in a report issued on Friday,MarketScreener reports. Gordon Haskett’s price objective would suggest a potential upside of 3.96% from the company’s previous close.

A number of other brokerages have also recently commented on HD. Wall Street Zen cut Home Depot from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America initiated coverage on shares of Home Depot in a research note on Tuesday. They set a “buy” rating and a $374.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Home Depot in a research note on Friday, March 27th. Truist Financial set a $424.00 price objective on shares of Home Depot in a report on Tuesday, February 24th. Finally, DA Davidson upped their target price on shares of Home Depot from $407.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $410.86.

View Our Latest Stock Analysis on Home Depot

Home Depot Stock Down 1.6%

Home Depot stock opened at $317.43 on Friday. Home Depot has a fifty-two week low of $310.40 and a fifty-two week high of $426.75. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.26 and a current ratio of 1.06. The firm has a 50 day moving average price of $339.65 and a 200 day moving average price of $357.57. The company has a market capitalization of $316.17 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 3.72 and a beta of 1.00.

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

Insider Buying and Selling at Home Depot

In related news, CFO Richard V. Mcphail sold 2,550 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $368.89, for a total transaction of $940,669.50. Following the sale, the chief financial officer directly owned 44,566 shares in the company, valued at approximately $16,439,951.74. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in Home Depot by 1.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,190,635 shares of the home improvement retailer’s stock worth $1,049,368,000 after buying an additional 33,747 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new position in shares of Home Depot in the 1st quarter valued at about $1,224,000. HORAN Wealth LLC increased its holdings 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 acquiring an additional 14,197 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of Home Depot in the 1st quarter valued at about $1,054,000. Finally, DJE Kapital AG boosted 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 during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

Home Depot Company Profile

(Get Free Report)

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.

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