Home Depot (NYSE:HD) Price Target Lowered to $400.00 at HSBC

Home Depot (NYSE:HD) had its price objective lowered by HSBC from $445.00 to $400.00 in a research report report published on Wednesday,MarketScreener reports. The brokerage currently has a hold rating on the home improvement retailer’s stock.

Other analysts also recently issued research reports about the stock. Telsey Advisory Group reduced their price target on shares of Home Depot from $455.00 to $430.00 and set an “outperform” rating for the company in a research report on Wednesday. Evercore ISI decreased their target price on shares of Home Depot from $450.00 to $425.00 and set an “outperform” rating for the company in a research report on Wednesday. Wells Fargo & Company lowered their target price on shares of Home Depot from $435.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $370.00 price target (down previously from $440.00) on shares of Home Depot in a research report on Friday, November 14th. Finally, Gordon Haskett decreased their price objective on Home Depot from $400.00 to $345.00 in a report on Monday, November 10th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $415.65.

Home Depot Stock Performance

Shares of HD opened at $334.78 on Wednesday. Home Depot has a one year low of $326.31 and a one year high of $439.37. The company has a market cap of $333.24 billion, a PE ratio of 22.74, a P/E/G ratio of 3.59 and a beta of 1.00. The stock has a 50-day moving average of $388.76 and a 200-day moving average of $381.47. 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 announced its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.09). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. During the same quarter in the previous year, the company posted $3.78 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities research analysts predict that Home Depot will post 15.13 EPS for the current fiscal year.

Insider Activity

In other news, EVP William D. Bastek sold 3,783 shares of Home Depot stock in a transaction 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 completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at approximately $9,941,924.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,483 shares of the company’s 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 completion of the sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,569 shares of company stock valued at $4,792,086. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Home Depot

A number of institutional investors have recently modified their holdings of HD. Parvin Asset Management LLC lifted its holdings in Home Depot by 110.0% in the third quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock worth $26,000 after buying an additional 33 shares during the period. Legend Financial Advisors Inc. purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $28,000. Sagard Holdings Management Inc. bought a new stake in Home Depot in the 2nd quarter worth approximately $29,000. Financially Speaking Inc purchased a new stake in Home Depot during the third quarter valued at $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Home Depot during the 2nd quarter valued at about $32,000. 70.86% of the stock is currently owned by hedge funds and other 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.