Wall Street Zen Downgrades Home Depot (NYSE:HD) to Sell

Home Depot (NYSE:HD) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other research analysts have also commented on HD. Robert W. Baird cut their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Wolfe Research decreased their price objective on shares of Home Depot from $497.00 to $423.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. TD Cowen dropped their price target on Home Depot from $470.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Mizuho lifted their price objective on Home Depot from $435.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Finally, Bank of America lowered their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Twenty-two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Home Depot presently has an average rating of “Moderate Buy” and an average price target of $404.60.

Home Depot Stock Up 0.4%

Shares of NYSE:HD opened at $356.98 on Friday. The business has a 50-day moving average price of $378.59 and a 200 day moving average price of $380.58. Home Depot has a 12-month low of $326.31 and a 12-month high of $436.36. The company has a current ratio of 1.15, a quick ratio of 0.34 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $355.33 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last released 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). Home Depot had a net margin of 8.86% and a return on equity of 193.99%. The firm had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. Sell-side analysts expect that Home Depot will post 15.13 EPS for the current year.

Insider Transactions at Home Depot

In other Home Depot news, EVP William D. Bastek sold 2,303 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the transaction, the executive vice president owned 24,235 shares in the company, valued at $10,254,313.20. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Home Depot

Hedge funds have recently modified their holdings of the company. Parvin Asset Management LLC grew its position in shares of Home Depot by 110.0% during the 3rd 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. acquired a new position in Home Depot in the second quarter valued at approximately $28,000. Sagard Holdings Management Inc. bought a new position in Home Depot in the second quarter valued at approximately $29,000. Financially Speaking Inc acquired a new stake in Home Depot during the 3rd quarter worth $31,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot during the 2nd quarter valued at $32,000. Institutional investors and hedge funds 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.