Home Depot (NYSE:HD) Price Target Cut to $360.00 by Analysts at Jefferies Financial Group

by · The Cerbat Gem

Home Depot (NYSE:HD – Get Free Report) had its target price cut by analysts at Jefferies Financial Group from $361.00 to $360.00 in a report released on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the home improvement retailer’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 15.42% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. KeyCorp reiterated a “sector weight” rating on shares of Home Depot in a report on Wednesday, February 25th. UBS Group dropped their price target on shares of Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. The Goldman Sachs Group lowered their price objective on Home Depot from $409.00 to $390.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. DA Davidson decreased their price target on Home Depot from $445.00 to $377.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Finally, Evercore lowered their target price on shares of Home Depot from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $371.36.

View Our Latest Report on HD

Home Depot Price Performance

Shares of NYSE HD traded down $1.05 during mid-day trading on Thursday, reaching $311.92. The company’s stock had a trading volume of 1,044,702 shares, compared to its average volume of 4,377,522. Home Depot has a 1-year low of $289.10 and a 1-year high of $426.75. The stock has a market capitalization of $311.02 billion, a P/E ratio of 22.18, a P/E/G ratio of 3.59 and a beta of 0.97. The company has a debt-to-equity ratio of 3.23, a quick ratio of 0.28 and a current ratio of 1.04. The stock has a 50-day moving average of $323.79 and a two-hundred day moving average of $348.36.

Home Depot (NYSE:HD – Get Free Report) last released its quarterly earnings data on Tuesday, May 19th. The home improvement retailer reported $3.43 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.02. The company had revenue of $41.77 billion during the quarter, compared to the consensus estimate of $41.59 billion. Home Depot had a net margin of 8.41% and a return on equity of 117.24%. Home Depot’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.56 EPS. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. On average, equities research analysts anticipate that Home Depot will post 15.02 EPS for the current fiscal year.

Institutional Trading of Home Depot

Large investors have recently made changes to their positions in the stock. Advocate Investing Services LLC acquired a new position in Home Depot in the fourth quarter valued at $25,000. 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 valued at $26,000 after acquiring an additional 33 shares in the last quarter. Cache Advisors LLC acquired a new stake in Home Depot during the 1st quarter valued at $27,000. Key Capital Management INC purchased a new stake in shares of Home Depot during the fourth quarter worth about $28,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Home Depot in the 1st quarter valued at approximately $28,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

About Home Depot

(Get Free Report)

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.

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