Home Depot (NYSE:HD) Given New $410.00 Price Target at TD Cowen

Home Depot (NYSE:HD) had its target price trimmed by TD Cowen from $470.00 to $410.00 in a research report report published on Wednesday,MarketScreener reports. The firm currently has a buy rating on the home improvement retailer’s stock.

Other analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home Depot in a research note on Thursday, November 13th. DA Davidson restated a “buy” rating and issued a $475.00 price target on shares of Home Depot in a research report on Tuesday. Gordon Haskett lowered their price objective on shares of Home Depot from $400.00 to $345.00 in a research report on Monday, November 10th. Evercore ISI reduced their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a report on Tuesday. Nineteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and an average price target of $415.65.

Home Depot Stock Performance

Shares of NYSE HD opened at $334.78 on Wednesday. The company has a market cap of $333.24 billion, a P/E ratio of 22.74, a P/E/G ratio of 3.59 and a beta of 1.00. Home Depot has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The firm’s fifty day moving average is $388.76 and its two-hundred day moving average is $381.47.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period last year, the company earned $3.78 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts anticipate that Home Depot will post 15.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $410.23, for a total transaction of $1,551,900.09. Following the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $9,941,924.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $413.23, for a total value of $2,265,740.09. Following the sale, the executive vice president owned 16,057 shares of the company’s stock, valued at approximately $6,635,234.11. This represents a 25.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 11,569 shares of company stock worth $4,792,086. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Home Depot

A number of institutional investors have recently added to or reduced their stakes in the stock. Parvin Asset Management LLC grew its holdings in shares of Home Depot by 110.0% during the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after purchasing an additional 33 shares during the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Home Depot in the 2nd quarter valued at about $28,000. Sagard Holdings Management Inc. purchased a new position in Home Depot during the 2nd quarter worth approximately $29,000. Financially Speaking Inc acquired a new position in Home Depot during the third quarter worth approximately $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Home Depot in the second quarter valued at approximately $32,000. Institutional investors own 70.86% of the company’s stock.

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.