Analysts Set The Home Depot, Inc. (NYSE:HD) PT at $435.42

Shares of The Home Depot, Inc. (NYSE:HD) have received an average rating of “Moderate Buy” from the twenty-six brokerages that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $435.4167.

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. Truist Financial upped their price objective on Home Depot from $417.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. DA Davidson reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a report on Tuesday, August 19th. Morgan Stanley upped their price objective on Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday, August 19th.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $9,941,924.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Angie Brown sold 1,000 shares of Home Depot stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total value of $404,070.00. Following the completion of the transaction, the executive vice president directly owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,835 shares of company stock worth $19,623,432 over the last quarter. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

A number of large investors have recently bought and sold shares of HD. Legend Financial Advisors Inc. purchased a new position in Home Depot in the 2nd quarter worth approximately $28,000. Sagard Holdings Management Inc. purchased a new position in Home Depot in the 2nd quarter worth approximately $29,000. Abound Financial LLC purchased a new stake in Home Depot in the 1st quarter worth approximately $31,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot in the 2nd quarter worth approximately $32,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Home Depot during the second quarter valued at approximately $35,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE HD opened at $388.56 on Thursday. The firm has a market capitalization of $386.76 billion, a P/E ratio of 26.40, a P/E/G ratio of 3.71 and a beta of 1.00. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The stock’s 50-day simple moving average is $403.24 and its two-hundred day simple moving average is $378.52. Home Depot has a twelve month low of $326.31 and a twelve month high of $439.37.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). The business had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.60 earnings per share. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts anticipate that Home Depot will post 15.13 EPS for the current fiscal year.

Home Depot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $2.30 per share. The ex-dividend date was Thursday, September 4th. This represents a $9.20 annualized dividend and a yield of 2.4%. Home Depot’s dividend payout ratio is currently 62.50%.

About Home Depot

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.