Daiwa Capital Markets Has Lowered Expectations for Home Depot (NYSE:HD) Stock Price

Home Depot (NYSE:HD) had its price target lowered by research analysts at Daiwa Capital Markets from $399.00 to $348.00 in a research report issued on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the home improvement retailer’s stock. Daiwa Capital Markets’ price objective would indicate a potential downside of 0.92% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. DA Davidson set a $430.00 price target on shares of Home Depot in a research report on Wednesday, November 19th. BNP Paribas Exane dropped their target price on shares of Home Depot from $391.00 to $353.00 and set a “neutral” rating for the company in a report on Wednesday, November 19th. Citigroup cut their target price on Home Depot from $422.00 to $407.00 and set a “buy” rating on the stock in a research report on Friday. Robert W. Baird lowered their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating for the company in a research report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. dropped their price objective on Home Depot from $444.00 to $423.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Twenty-two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $404.60.

Home Depot Price Performance

HD stock opened at $351.23 on Monday. Home Depot has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31. The stock has a market cap of $349.61 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00. The business has a fifty day moving average of $382.21 and a two-hundred day moving average of $381.01.

Home Depot (NYSE:HD) last announced its quarterly earnings results 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). The business had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, research analysts anticipate that Home Depot will post 15.13 earnings per share for the current year.

Insider Transactions at Home Depot

In related news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total transaction of $974,445.36. Following the completion of the transaction, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. The trade was a 8.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

Several hedge funds and other institutional investors have recently made changes to their positions in HD. Centerpoint Advisory Group raised its holdings in shares of Home Depot by 0.8% in the 2nd quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock valued at $1,160,000 after purchasing an additional 26 shares in the last quarter. Disciplined Investors L.L.C. increased its holdings in Home Depot by 2.3% in the second quarter. Disciplined Investors L.L.C. now owns 1,178 shares of the home improvement retailer’s stock valued at $432,000 after buying an additional 26 shares during the last quarter. Brio Consultants LLC raised its stake in Home Depot by 4.7% in the second quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after buying an additional 26 shares in the last quarter. Emprise Bank lifted its holdings in Home Depot by 0.8% during the 3rd quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock worth $1,270,000 after buying an additional 26 shares during the last quarter. Finally, Stegent Equity Advisors Inc. boosted its position in shares of Home Depot by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock worth $408,000 after acquiring an additional 26 shares in the last quarter. 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.