Home Depot (NYSE:HD) Upgraded to Hold at Zacks Research

Home Depot (NYSE:HD) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Morgan Stanley lifted their price objective on shares of Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Piper Sandler lowered their price target on Home Depot from $450.00 to $441.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Truist Financial set a $405.00 price objective on Home Depot in a report on Friday, January 16th. Wall Street Zen cut Home Depot from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 target price on shares of Home Depot in a report on Monday, November 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $404.47.

Home Depot Stock Performance

Shares of HD stock opened at $389.19 on Monday. The business’s fifty day simple moving average is $363.99 and its 200-day simple moving average is $379.73. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. Home Depot has a 12-month low of $326.31 and a 12-month high of $426.75. The company has a market cap of $387.44 billion, a PE ratio of 26.53, a PEG ratio of 13.60 and a beta of 1.08.

Home Depot (NYSE:HD) 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). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. During the same quarter in the previous year, the firm posted $3.78 EPS. Home Depot’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Analysts expect that Home Depot will post 15.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Home Depot

In other news, EVP Ann Marie Campbell sold 145 shares of Home Depot stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. The trade was a 1.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the stock in a transaction on Friday, December 26th. The stock was sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the sale, the executive vice president directly owned 13,196 shares in the company, valued at $4,599,069.92. This trade represents a 17.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,963 shares of company stock valued at $1,748,845. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Home Depot

A number of large investors have recently added to or reduced their stakes in HD. Centerpoint Advisory Group boosted its holdings in Home Depot by 0.8% in the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after buying an additional 26 shares during the last quarter. Disciplined Investors L.L.C. raised its holdings in shares of Home Depot by 2.3% during the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after acquiring an additional 26 shares during the last quarter. Brio Consultants LLC lifted its position in shares of Home Depot by 4.7% in the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after acquiring an additional 26 shares in the last quarter. Emprise Bank boosted its stake in shares of Home Depot by 0.8% in the third quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock worth $1,270,000 after acquiring an additional 26 shares during the last quarter. Finally, Stegent Equity Advisors Inc. increased its position in shares of Home Depot by 2.7% during the third quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock worth $408,000 after purchasing an additional 26 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

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.