Home Depot (HD) – Research Analysts’ Weekly Ratings Updates

Home Depot (NYSE: HD) recently received a number of ratings updates from brokerages and research firms:

• 11/13/2024 – Home Depot had its price target raised by analysts at Evercore ISI from $420.00 to $430.00. They now have an “outperform” rating on the stock.
• 11/13/2024 – Home Depot had its price target raised by analysts at Mizuho from $435.00 to $440.00. They now have an “outperform” rating on the stock.
• 11/13/2024 – Home Depot had its price target raised by analysts at Truist Financial Co. from $459.00 to $465.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Home Depot had its price target raised by analysts at Bank of America Co. from $425.00 to $450.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Home Depot had its price target raised by analysts at Royal Bank of Canada from $363.00 to $413.00. They now have a “sector perform” rating on the stock.
• 11/11/2024 – Home Depot had its price target raised by analysts at Stifel Nicolaus from $375.00 to $400.00. They now have a “hold” rating on the stock.
• 11/8/2024 – Home Depot was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating. They now have a $455.00 price target on the stock, up previously from $360.00.
• 11/7/2024 – Home Depot had its price target raised by analysts at Truist Financial Co. from $455.00 to $459.00. They now have a “buy” rating on the stock.
• 11/6/2024 – Home Depot had its price target raised by analysts at Wells Fargo & Company from $400.00 to $430.00. They now have an “overweight” rating on the stock.
• 11/5/2024 – Home Depot had its price target raised by analysts at Barclays PLC from $372.00 to $420.00. They now have an “overweight” rating on the stock.
• 10/28/2024 – Home Depot had its price target raised by analysts at TD Cowen from $440.00 to $460.00. They now have a “buy” rating on the stock.
• 10/25/2024 – Home Depot had its price target raised by analysts at DA Davidson from $430.00 to $466.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Home Depot is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating and a $451.00 price target on the stock.
• 10/21/2024 – Home Depot had its price target raised by analysts at Morgan Stanley from $380.00 to $450.00. They now have an “overweight” rating on the stock.
• 10/14/2024 – Home Depot had its price target raised by analysts at Truist Financial Co. from $395.00 to $455.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Home Depot was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating. They now have a $460.00 price target on the stock, up previously from $360.00.
• 10/4/2024 – Home Depot had its price target raised by analysts at Guggenheim from $390.00 to $450.00. They now have a “buy” rating on the stock.
• 10/2/2024 – Home Depot was upgraded by analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating. They now have a $450.00 price target on the stock.
• 9/30/2024 – Home Depot had its price target raised by analysts at Piper Sandler from $387.00 to $455.00. They now have an “overweight” rating on the stock.
• 9/24/2024 – Home Depot had its price target raised by analysts at Oppenheimer Holdings Inc. from $345.00 to $400.00. They now have a “market perform” rating on the stock.
• 9/23/2024 – Home Depot is now covered by analysts at Melius Research. They set a “buy” rating and a $420.00 price target on the stock.
• 9/17/2024 – Home Depot had its price target raised by analysts at Loop Capital from $330.00 to $360.00. They now have a “hold” rating on the stock.

Home Depot Stock Up 1.8 %

Shares of HD stock opened at $410.39 on Thursday. The Home Depot, Inc. has a fifty-two week low of $300.14 and a fifty-two week high of $421.56. The firm has a market capitalization of $407.64 billion, a PE ratio of 27.88, a P/E/G ratio of 2.79 and a beta of 1.01. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.33 and a current ratio of 1.13. The stock’s 50-day simple moving average is $397.67 and its 200-day simple moving average is $365.56.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.14. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The company had revenue of $40.22 billion for the quarter, compared to the consensus estimate of $39.31 billion. During the same quarter in the prior year, the company earned $3.81 EPS. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts expect that The Home Depot, Inc. will post 14.99 earnings per share for the current year.

Institutional Investors Weigh In On Home Depot

Hedge funds have recently added to or reduced their stakes in the business. Abacus Wealth Partners LLC increased its stake in shares of Home Depot by 3.7% during the 3rd quarter. Abacus Wealth Partners LLC now owns 704 shares of the home improvement retailer’s stock valued at $285,000 after acquiring an additional 25 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in Home Depot by 0.7% during the third quarter. Redhawk Wealth Advisors Inc. now owns 3,624 shares of the home improvement retailer’s stock worth $1,469,000 after purchasing an additional 25 shares during the last quarter. Capital City Trust Co. FL boosted its holdings in shares of Home Depot by 1.1% in the 3rd quarter. Capital City Trust Co. FL now owns 2,494 shares of the home improvement retailer’s stock valued at $1,011,000 after purchasing an additional 26 shares during the last quarter. Ruedi Wealth Management Inc. grew its stake in shares of Home Depot by 1.2% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 2,372 shares of the home improvement retailer’s stock valued at $817,000 after buying an additional 27 shares during the period. Finally, Acorn Creek Capital LLC increased its holdings in shares of Home Depot by 3.4% during the 2nd quarter. Acorn Creek Capital LLC now owns 845 shares of the home improvement retailer’s stock worth $291,000 after buying an additional 28 shares during the last quarter. 70.86% of the stock is owned by hedge funds and other institutional investors.

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.