Argus Has Lowered Expectations for Home Depot (NYSE:HD) Stock Price

by · The Cerbat Gem

Home Depot (NYSE:HD – Get Free Report) had its price objective cut by investment analysts at Argus from $450.00 to $425.00 in a research report issued on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the home improvement retailer’s stock. Argus’ target price indicates a potential upside of 23.83% from the company’s current price.

HD has been the subject of several other research reports. Stifel Nicolaus reiterated a “hold” rating and set a $370.00 target price (down previously from $440.00) on shares of Home Depot in a research report on Friday, November 14th. Bank of America dropped their price target on Home Depot from $450.00 to $430.00 and set a “buy” rating for the company in a research note on Wednesday. Sanford C. Bernstein cut their price objective on shares of Home Depot from $406.00 to $362.00 and set a “market perform” rating for the company in a report on Wednesday. Guggenheim reduced their price objective on shares of Home Depot from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Royal Bank Of Canada dropped their target price on shares of Home Depot from $401.00 to $376.00 and set a “sector perform” rating for the company in a research report on Wednesday. Twenty-one investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $410.24.

Read Our Latest Stock Analysis on HD

Home Depot Stock Up 3.3%

Shares of HD stock opened at $343.22 on Thursday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.15 and a quick ratio of 0.34. Home Depot has a one year low of $326.31 and a one year high of $439.37. The company’s fifty day moving average price is $385.34 and its 200-day moving average price is $381.00. The company has a market capitalization of $341.64 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD – Get Free Report) last issued 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). The firm had revenue of $41.35 billion during the quarter, compared to the consensus estimate of $41.06 billion. Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.78 EPS. 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 fiscal year.

Insiders Place Their Bets

In related news, EVP William D. Bastek sold 2,303 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $423.12, for a total transaction of $974,445.36. Following the sale, the executive vice president owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This represents a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Home Depot

A number of institutional investors and hedge funds have recently made changes to their positions in HD. Centerpoint Advisory Group grew its position in Home Depot by 0.8% in the second quarter. Centerpoint Advisory Group now owns 3,163 shares of the home improvement retailer’s stock worth $1,160,000 after acquiring an additional 26 shares in the last quarter. Disciplined Investors L.L.C. raised its position in Home Depot by 2.3% during 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 purchasing an additional 26 shares during the period. Brio Consultants LLC lifted its stake in shares of Home Depot by 4.7% in the 2nd quarter. Brio Consultants LLC now owns 574 shares of the home improvement retailer’s stock valued at $210,000 after purchasing an additional 26 shares during the last quarter. Emprise Bank boosted its holdings in shares of Home Depot by 0.8% in the 3rd quarter. Emprise Bank now owns 3,135 shares of the home improvement retailer’s stock worth $1,270,000 after purchasing an additional 26 shares during the period. Finally, Stegent Equity Advisors Inc. boosted its holdings in shares of Home Depot by 2.7% in the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,006 shares of the home improvement retailer’s stock worth $408,000 after purchasing an additional 26 shares during the period. 70.86% of the stock is owned by hedge funds and other institutional investors.

About Home Depot

(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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