Home Depot (NYSE:HD) Price Target Cut to $445.00 by Analysts at UBS Group

Home Depot (NYSE:HD) had its target price lowered by UBS Group from $475.00 to $445.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the home improvement retailer’s stock.

Other analysts have also recently issued research reports about the stock. Truist Financial set a $379.00 price objective on shares of Home Depot in a report on Tuesday. DZ Bank reaffirmed a “sell” rating on shares of Home Depot in a research report on Tuesday. Robert W. Baird cut their price target on shares of Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research note on Wednesday. The Goldman Sachs Group decreased their price objective on shares of Home Depot from $444.00 to $406.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Telsey Advisory Group dropped their price objective on Home Depot from $455.00 to $430.00 and set an “outperform” rating on the stock in a report on Wednesday. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Home Depot presently has a consensus rating of “Moderate Buy” and a consensus target price of $415.65.

Home Depot Stock Down 0.5%

Shares of NYSE HD opened at $334.78 on Wednesday. The business has a 50-day moving average of $388.76 and a two-hundred day moving average of $381.47. The company has a market capitalization of $333.24 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. Home Depot has a 1 year low of $326.31 and a 1 year high of $439.37. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.09). The business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.Home Depot’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, analysts forecast that Home Depot will post 15.13 earnings per share for the current fiscal year.

Insider Activity at Home Depot

In other Home Depot news, EVP Teresa Wynn Roseborough sold 5,483 shares of Home Depot stock in a transaction that occurred 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 transaction, the executive vice president directly owned 16,057 shares in the company, valued at approximately $6,635,234.11. This trade represents a 25.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William D. Bastek sold 3,783 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $410.23, for a total value of $1,551,900.09. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $9,941,924.05. This trade represents a 13.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,569 shares of company stock worth $4,792,086 over the last quarter. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Home Depot

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mainstay Capital Management LLC ADV bought a new position in shares of Home Depot during the second quarter worth about $263,000. WealthPlan Investment Management LLC bought a new position in Home Depot during the 2nd quarter worth approximately $1,149,000. Tower View Wealth Management LLC lifted its position in shares of Home Depot by 4.3% in the 2nd quarter. Tower View Wealth Management LLC now owns 16,196 shares of the home improvement retailer’s stock worth $5,938,000 after purchasing an additional 671 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Home Depot in the 1st quarter valued at $3,851,000. Finally, Shell Asset Management Co. increased its position in shares of Home Depot by 45.2% during the second quarter. Shell Asset Management Co. now owns 48,175 shares of the home improvement retailer’s stock worth $17,663,000 after buying an additional 15,002 shares during the period. Hedge funds and other 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.