Mizuho Lowers Home Depot (NYSE:HD) Price Target to $435.00

Home Depot (NYSE:HD) had its target price decreased by analysts at Mizuho from $450.00 to $435.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the home improvement retailer’s stock. Mizuho’s price target points to a potential upside of 18.87% from the stock’s previous close.

A number of other brokerages have also recently commented on HD. Morgan Stanley lifted their price target on Home Depot from $410.00 to $415.00 and gave the stock an “overweight” rating in a research note on Tuesday. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research note on Wednesday. Gordon Haskett lifted their price target on Home Depot from $350.00 to $360.00 in a research note on Tuesday. Telsey Advisory Group reissued an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research note on Tuesday. Finally, Hsbc Global Res raised Home Depot from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Eight investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $427.92.

Home Depot Stock Performance

NYSE:HD opened at $365.95 on Wednesday. The business has a 50 day moving average of $359.62 and a 200 day moving average of $387.46. The company has a market capitalization of $363.77 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 4.03 and a beta of 1.05. Home Depot has a 1-year low of $323.77 and a 1-year high of $439.37. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.63 EPS. On average, sell-side analysts predict that Home Depot will post 15.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Home Depot

Several hedge funds have recently added to or reduced their stakes in HD. Synergy Asset Management LLC bought a new stake in Home Depot in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot during the fourth quarter valued at $28,000. Navigoe LLC bought a new position in shares of Home Depot during the fourth quarter valued at $29,000. Abound Financial LLC bought a new position in shares of Home Depot during the first quarter valued at $31,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new position in shares of Home Depot during the fourth quarter valued at $32,000. 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.