Home Depot (NYSE:HD) Price Target Cut to $405.00 by Analysts at Oppenheimer

Oppenheimer lowered Home Depot's price target from $420 to $405, maintaining a "market perform" rating. Other analysts also adjusted their targets, with mixed ratings ranging from "strong sell" to "buy." The stock opened at $351.71, with a market cap of $350.13 billion. Home Depot reported $3.74 EPS, missing estimates, and revenue of $41.35 billion, up 2.8% year-over-year. Insider trading and institutional investments were noted.

Home Depot (NYSE:HD - Get Free Report) had its price target cut by equities research analysts at Oppenheimer from $420.00 to $405.00 in a research note issued on Friday,MarketScreener reports. The brokerage presently has a "market perform" rating on the home improvement retailer's stock. Oppenheimer's price target indicates a potential upside of 15.15% from the company's previous close.

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A number of other equities research analysts have also recently issued reports on HD. Royal Bank Of Canada cut their target price on Home Depot from $401.00 to $376.00 and set a "sector perform" rating on the stock in a research note on Wednesday, November 19th. Zacks Research downgraded shares of Home Depot from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 27th. Morgan Stanley dropped their price target on shares of Home Depot from $430.00 to $395.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 19th. UBS Group reduced their price objective on Home Depot from $475.00 to $445.00 and set a "buy" rating for the company in a research report on Wednesday, November 19th. Finally, Daiwa Capital Markets lowered their target price on Home Depot from $399.00 to $348.00 and set a "neutral" rating on the stock in a research report on Monday, November 24th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $403.50.

View Our Latest Stock Analysis on Home Depot

Home Depot Stock Performance

MarketBeat Week in Review – 11/17 - 11/21

Home Depot stock opened at $351.71 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The stock has a market cap of $350.13 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 6.31 and a beta of 1.06. Home Depot has a 52 week low of $326.31 and a 52 week high of $436.36. The stock has a 50 day moving average of $374.17 and a 200-day moving average of $379.93.

Home Depot (NYSE:HD - Get Free Report) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts' consensus estimates of $3.83 by ($0.09). Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm 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 business earned $3.78 EPS. The company's quarterly 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, analysts expect that Home Depot will post 15.13 EPS for the current fiscal year.

Insider Buying and Selling at Home Depot

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In related news, EVP William D. Bastek sold 2,303 shares of the 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 sale, the executive vice president directly owned 24,235 shares in the company, valued at approximately $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Home Depot

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parvin Asset Management LLC grew its position 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 acquiring an additional 33 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in Home Depot in the second quarter worth $28,000. Sagard Holdings Management Inc. acquired a new position in Home Depot during the second quarter worth $29,000. Financially Speaking Inc bought a new position in Home Depot during the third quarter valued at about $31,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Home Depot during the 2nd quarter worth about $32,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Company Profile

(Get Free Report)

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.

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