Home Depot (NYSE:HD) Earns “Buy” Rating from Truist Financial

Home Depot (NYSE:HD)‘s stock had its “buy” rating restated by research analysts at Truist Financial in a report released on Wednesday, Benzinga reports. They currently have a $417.00 price objective on the home improvement retailer’s stock. Truist Financial’s target price suggests a potential upside of 25.27% from the company’s previous close.

Other research analysts have also issued reports about the company. Royal Bank of Canada lifted their target price on Home Depot from $299.00 to $377.00 and gave the stock a “sector perform” rating in a report on Monday, February 26th. HSBC reiterated a “reduce” rating and issued a $323.00 price target on shares of Home Depot in a research note on Wednesday, April 3rd. Robert W. Baird reiterated an “outperform” rating and set a $370.00 price target on shares of Home Depot in a report on Wednesday, February 14th. StockNews.com downgraded Home Depot from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, TD Cowen lifted their target price on shares of Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average target price of $375.96.

Home Depot Trading Up 0.0 %

Home Depot stock opened at $332.89 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 1.35 and a debt-to-equity ratio of 40.94. The stock has a market cap of $329.90 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. Home Depot has a 12 month low of $274.26 and a 12 month high of $396.87. The business has a 50 day moving average price of $367.92 and a two-hundred day moving average price of $338.97.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.05. The firm had revenue of $34.79 billion during the quarter, compared to the consensus estimate of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.30 EPS. As a group, equities analysts forecast that Home Depot will post 15.37 EPS for the current year.

Insiders Place Their Bets

In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Home Depot news, EVP Timothy A. Hourigan sold 8,996 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the completion of the sale, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward P. Decker sold 35,987 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $368.63, for a total transaction of $13,265,887.81. Following the completion of the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at $39,712,878.53. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its stake in shares of Home Depot by 1.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,963 shares of the home improvement retailer’s stock worth $680,000 after buying an additional 28 shares in the last quarter. Optas LLC lifted its stake in shares of Home Depot by 1.7% in the fourth quarter. Optas LLC now owns 1,752 shares of the home improvement retailer’s stock worth $607,000 after buying an additional 29 shares in the last quarter. STAR Financial Bank lifted its stake in shares of Home Depot by 0.7% in the fourth quarter. STAR Financial Bank now owns 3,944 shares of the home improvement retailer’s stock worth $1,367,000 after buying an additional 29 shares in the last quarter. Harvest Investment Advisors LLC lifted its stake in shares of Home Depot by 0.8% in the third quarter. Harvest Investment Advisors LLC now owns 3,815 shares of the home improvement retailer’s stock worth $1,153,000 after buying an additional 30 shares in the last quarter. Finally, Armstrong Henry H Associates Inc. increased its position in Home Depot by 0.3% during the fourth quarter. Armstrong Henry H Associates Inc. now owns 10,903 shares of the home improvement retailer’s stock worth $3,778,000 after purchasing an additional 30 shares during the last quarter. 70.86% of the stock is owned by institutional investors.

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.