Home Depot (NYSE:HD) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Home Depot (NYSE:HD) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $410.00 price target on the home improvement retailer’s stock.

A number of other research firms also recently issued reports on HD. Morgan Stanley raised their target price on Home Depot from $395.00 to $412.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. DA Davidson decreased their price objective on Home Depot from $430.00 to $407.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Jefferies Financial Group restated a “buy” rating and issued a $424.00 price objective on shares of Home Depot in a research note on Wednesday, December 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $413.00 target price on shares of Home Depot in a research report on Wednesday, December 10th. Finally, HSBC lowered their price target on shares of Home Depot from $445.00 to $400.00 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $408.37.

Home Depot Stock Performance

NYSE HD opened at $383.38 on Wednesday. The company has a market capitalization of $381.66 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 13.69 and a beta of 1.08. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.29 and a current ratio of 1.05. Home Depot has a 52-week low of $326.31 and a 52-week high of $426.75. The company has a 50-day simple moving average of $368.38 and a 200 day simple moving average of $380.30.

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 analysts’ consensus estimates of $3.83 by ($0.09). Home Depot had a net margin of 8.77% and a return on equity of 160.74%. The company had revenue of $41.35 billion for the quarter, compared to the consensus estimate of $41.06 billion. During the same period in the prior year, the company earned $3.78 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. On average, research analysts predict that Home Depot will post 15.13 EPS for the current year.

Insider Activity

In other Home Depot news, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total transaction of $695,947.98. Following the completion of the sale, the executive vice president directly owned 3,941 shares in the company, valued at $1,409,419.83. The trade was a 33.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann Marie Campbell sold 145 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total transaction of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares of the company’s stock, valued at $4,413,763.20. The trade was a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,963 shares of company stock valued at $1,748,845 in the last ninety days. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Home Depot

A number of hedge funds have recently modified their holdings of the company. Strive Financial Group LLC bought a new stake in shares of Home Depot during the 4th quarter valued at $594,000. Blue Sparrow LLC DE bought a new position in Home Depot in the 4th quarter worth $18,650,000. Mercer Global Advisors Inc. ADV increased its stake in Home Depot by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 379,969 shares of the home improvement retailer’s stock worth $131,095,000 after buying an additional 16,385 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Home Depot by 1.6% during the fourth quarter. Raymond James Financial Inc. now owns 5,736,050 shares of the home improvement retailer’s stock valued at $1,974,398,000 after acquiring an additional 90,709 shares during the period. Finally, Braeburn Wealth Management LLC purchased a new position in shares of Home Depot in the fourth quarter valued at about $1,841,000. 70.86% of the stock is currently owned by institutional investors.

Home Depot News Roundup

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Telsey Advisory Group reaffirmed an “outperform” rating and a $410 price target, supporting upside expectations from the sell-side. Home Depot had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group
• Positive Sentiment: Robert W. Baird raised its price target to $430 and maintained an outperform rating, a notable catalyst for momentum given the relative size of the raise. Baird adjusts price target on Home Depot to 430 from 400; maintains outperform rating
• Positive Sentiment: Brokerage consensus sits around a “Moderate Buy,” reinforcing the buy-side narrative ahead of Q4 results. The Home Depot, Inc. (NYSE:HD) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Positive Sentiment: Zacks highlights Home Depot’s disciplined capital allocation (steady dividends, share buybacks and targeted investments) as supportive for long-term shareholder value. Home Depot’s Capital Discipline Drives Long-Term Shareholder Value
• Neutral Sentiment: Analyst and market commentary ahead of Q4 is mixed: some notes expect a likely earnings beat driven by Pro demand/GMS, while others warn y/y sales and EPS could be down — creating uncertainty ahead of the print. Home Depot Pre-Q4 Earnings: Is it Wise to Buy Before the Release?
• Neutral Sentiment: Jim Cramer commentary has spotlighted HD and contributed to retail attention and trading interest, but it’s not a fundamental catalyst. Jim Cramer Believes He Got the Last Laugh With Home Depot (HD) Stock
• Negative Sentiment: Management has tightened access to employee bonuses amid what it describes as a “housing market freeze,” a signal investors may read as cost control in response to softer demand — potentially negative for morale and indicative of near-term revenue pressure. Home Depot Gets Stricter on Bonuses Amid Housing Market Freeze
• Negative Sentiment: Reports note the company has made bonuses tougher to access, reinforcing the narrative of management reacting to softer housing activity. Home Depot Makes Bonuses Tougher to Access, Home Depot Stock (NYSE:HD) Notches Up
• Negative Sentiment: Operational headwinds — theft and ICE-related store disruptions (e.g., moved power tools to cages) — are flagged as customer concerns that can increase shrink costs and hurt in-store experience. Power Tools in Cages Prove Concerning to Customers, But Home Depot Stock (NYSE:HD) Slumps
• Negative Sentiment: Recent intraday/near-term pullbacks (noted by market reports) reflect investor sensitivity to macro/housing headlines even as fundamentals remain mixed. Home Depot (HD) Stock Declines While Market Improves: Some Information for Investors

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.