Mizuho Forecasts Strong Price Appreciation for Home Depot (NYSE:HD) Stock

Home Depot (NYSE:HD) had its target price lifted by Mizuho from $435.00 to $450.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the home improvement retailer’s stock. Mizuho’s target price points to a potential upside of 13.22% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. DA Davidson reissued a “buy” rating and issued a $450.00 price target on shares of Home Depot in a research report on Tuesday. Royal Bank Of Canada reduced their price objective on shares of Home Depot from $424.00 to $399.00 and set a “sector perform” rating on the stock in a report on Thursday, May 15th. JPMorgan Chase & Co. reduced their price objective on shares of Home Depot from $460.00 to $452.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company set a $420.00 price objective on shares of Home Depot and gave the company an “overweight” rating in a report on Monday, June 30th. Finally, Gordon Haskett raised their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Home Depot has an average rating of “Moderate Buy” and a consensus price target of $432.52.

Home Depot Stock Performance

Shares of HD stock opened at $397.45 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. Home Depot has a 52 week low of $326.31 and a 52 week high of $439.37. The stock has a market capitalization of $395.43 billion, a PE ratio of 27.00, a P/E/G ratio of 3.81 and a beta of 1.00. The firm has a 50 day moving average of $373.34 and a two-hundred day moving average of $371.56.

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

Insider Buying and Selling at Home Depot

In other news, EVP Teresa Wynn Roseborough sold 5,406 shares of Home Depot stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president owned 17,367 shares of the company’s stock, valued at $6,413,285.76. The trade was a 23.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Home Depot

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legend Financial Advisors Inc. purchased a new stake in Home Depot during the second quarter worth about $28,000. Navigoe LLC purchased a new stake in Home Depot during the fourth quarter worth about $29,000. Sagard Holdings Management Inc. purchased a new stake in Home Depot during the second quarter worth about $29,000. Abound Financial LLC purchased a new stake in Home Depot during the first quarter worth about $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Home Depot during the second quarter worth about $32,000. 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.