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

Home Depot (NYSE:HD) had its target price lowered by equities researchers at Evercore from $425.00 to $415.00 in a report released on Tuesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. Evercore’s price objective indicates a potential upside of 25.22% from the company’s previous close.

A number of other research analysts have also issued reports on HD. Wells Fargo & Company boosted their price objective on Home Depot from $395.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Truist Financial set a $424.00 target price on Home Depot in a research note on Tuesday, February 24th. Citigroup upped their price target on shares of Home Depot from $407.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Wall Street Zen raised shares of Home Depot from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Home Depot from $413.00 to $409.00 in a research report on Wednesday, February 25th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Home Depot has a consensus rating of “Moderate Buy” and an average price target of $414.17.

Home Depot Stock Performance

HD traded up $2.54 on Tuesday, hitting $331.43. 912,122 shares of the company’s stock were exchanged, compared to its average volume of 4,261,555. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 3.62. The stock has a fifty day moving average of $364.57 and a two-hundred day moving average of $369.31. Home Depot has a twelve month low of $320.26 and a twelve month high of $426.75. The firm has a market cap of $330.11 billion, a PE ratio of 23.30, a P/E/G ratio of 3.53 and a beta of 1.09.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, February 24th. The home improvement retailer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.20. The company had revenue of $38.20 billion during the quarter, compared to the consensus estimate of $38.01 billion. Home Depot had a return on equity of 134.32% and a net margin of 8.60%.Home Depot’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.13 earnings per share. Home Depot has set its FY 2026 guidance at 14.230-14.799 EPS. On average, research analysts anticipate that Home Depot will post 15.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 2,550 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $368.89, for a total transaction of $940,669.50. Following the completion of the transaction, the chief financial officer directly owned 44,566 shares of the company’s stock, valued at approximately $16,439,951.74. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Institutional Trading of Home Depot

Several institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Home Depot in the 4th quarter worth approximately $4,850,329,000. Wellington Management Group LLP boosted its holdings in Home Depot by 60.8% during the third quarter. Wellington Management Group LLP now owns 10,143,089 shares of the home improvement retailer’s stock worth $4,109,878,000 after buying an additional 3,836,051 shares in the last quarter. Cardano Risk Management B.V. grew its position in Home Depot by 901.5% in the fourth quarter. Cardano Risk Management B.V. now owns 3,290,540 shares of the home improvement retailer’s stock worth $1,132,275,000 after buying an additional 2,961,979 shares during the last quarter. J. Stern & Co. LLP grew its position in Home Depot by 14,869.3% in the fourth quarter. J. Stern & Co. LLP now owns 2,232,521 shares of the home improvement retailer’s stock worth $768,210,000 after buying an additional 2,217,607 shares during the last quarter. Finally, Parnassus Investments LLC increased its holdings in shares of Home Depot by 712.3% in the fourth quarter. Parnassus Investments LLC now owns 2,080,538 shares of the home improvement retailer’s stock valued at $715,913,000 after buying an additional 1,824,409 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

About Home Depot

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.