Home Depot (NYSE:HD) Earns Outperform Rating from Telsey Advisory Group

Home Depot (NYSE:HD)‘s stock had its “outperform” rating restated by research analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They presently have a $455.00 price objective on the home improvement retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 22.68% from the stock’s current price.

A number of other research analysts have also commented on the company. Mizuho upped their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Stifel Nicolaus increased their price objective on Home Depot from $425.00 to $432.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Wells Fargo & Company reduced their target price on shares of Home Depot from $450.00 to $435.00 and set an “overweight” rating on the stock in a research note on Tuesday. Robert W. Baird boosted their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Finally, Truist Financial reduced their price objective on shares of Home Depot from $454.00 to $421.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $433.00.

Home Depot Stock Down 0.1%

NYSE:HD traded down $0.24 on Thursday, hitting $370.89. 830,276 shares of the company’s stock traded hands, compared to its average volume of 3,486,616. Home Depot has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a market cap of $369.18 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The firm has a 50-day moving average price of $395.17 and a 200-day moving average price of $381.75.

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

Insiders Place Their Bets

In other Home Depot news, CEO Edward P. Decker sold 32,897 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $397.22, for a total transaction of $13,067,346.34. Following the sale, the chief executive officer directly owned 122,425 shares in the company, valued at approximately $48,629,658.50. This trade represents a 21.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president directly owned 16,057 shares in the company, valued at $6,635,234.11. This trade represents a 25.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,835 shares of company stock worth $19,623,432 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Home Depot

Several large investors have recently bought and sold shares of HD. Van ECK Associates Corp boosted its holdings in Home Depot by 3.6% in the third quarter. Van ECK Associates Corp now owns 68,742 shares of the home improvement retailer’s stock valued at $27,854,000 after purchasing an additional 2,365 shares in the last quarter. Tabor Asset Management LP increased its position in Home Depot by 29.1% during the third quarter. Tabor Asset Management LP now owns 14,061 shares of the home improvement retailer’s stock worth $5,697,000 after buying an additional 3,172 shares during the period. FourThought Financial Partners LLC increased its position in Home Depot by 0.6% in the 3rd quarter. FourThought Financial Partners LLC now owns 22,646 shares of the home improvement retailer’s stock valued at $9,176,000 after acquiring an additional 129 shares during the period. Promus Capital LLC grew its stake in shares of Home Depot by 2.3% in the 3rd quarter. Promus Capital LLC now owns 1,762 shares of the home improvement retailer’s stock valued at $714,000 after purchasing an additional 40 shares during the last quarter. Finally, Massachusetts Institute of Technology purchased a new stake in shares of Home Depot in the third quarter valued at about $371,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Home Depot Company Profile

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.