Home Depot (NYSE:HD) Price Target Lowered to $344.00 at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein lowered Home Depot’s price target to $344 from $354 while maintaining a “market perform” rating, implying roughly 9.9% upside from the reported share price.
• Analyst sentiment remains broadly positive: Home Depot has an average “Moderate Buy” rating and a consensus target price of $375.18, based on 18 Buy, 13 Hold, and one Sell rating.
• Home Depot’s latest quarterly results exceeded expectations, with earnings of $4.92 per share and revenue of $47.86 billion; revenue increased 5.7% year over year. Shares traded at $313.06, down 0.2%.

Home Depot (NYSE:HD - Get Free Report) had its price objective reduced by analysts at Sanford C. Bernstein from $354.00 to $344.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a "market perform" rating on the home improvement retailer's stock. Sanford C. Bernstein's price objective suggests a potential upside of 9.88% from the stock's current price.

A number of other research analysts have also recently issued reports on the stock. Mizuho increased their target price on shares of Home Depot from $385.00 to $390.00 and gave the company an "outperform" rating in a report on Wednesday, August 19th. UBS Group decreased their price objective on Home Depot from $430.00 to $420.00 and set a "buy" rating on the stock in a report on Wednesday, August 19th. Piper Sandler lowered their target price on shares of Home Depot from $422.00 to $421.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. TD Cowen restated a "buy" rating on shares of Home Depot in a research note on Monday, August 10th. Finally, Evercore cut their target price on shares of Home Depot from $415.00 to $400.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $375.18.

Home Depot Trading Down 0.2%

Shares of HD stock traded down $0.64 on Wednesday, hitting $313.06. The stock had a trading volume of 436,837 shares, compared to its average volume of 4,316,766. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.08 and a quick ratio of 0.31. The firm has a market capitalization of $312.34 billion, a P/E ratio of 21.90, a P/E/G ratio of 3.53 and a beta of 0.95. The company's 50 day moving average price is $337.98 and its 200-day moving average price is $335.09. Home Depot has a 1 year low of $289.10 and a 1 year high of $426.75.

Home Depot (NYSE:HD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The home improvement retailer reported $4.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.73 by $0.19. Home Depot had a return on equity of 106.42% and a net margin of 8.41%.The company had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the company earned $4.68 EPS. Home Depot's revenue for the quarter was up 5.7% compared to the same quarter last year. Home Depot has set its FY 2026 guidance at 14.690-15.278 EPS. Analysts anticipate that Home Depot will post 15 earnings per share for the current year.

Insider Activity

In other news, EVP Teresa Roseborough sold 2,455 shares of the business's stock in a transaction on Friday, August 28th. The stock was sold at an average price of $328.77, for a total transaction of $807,130.35. Following the sale, the executive vice president directly owned 14,061 shares of the company's stock, valued at $4,622,834.97. The trade was a 14.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard McPhail sold 5,989 shares of Home Depot stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $348.40, for a total transaction of $2,086,567.60. Following the transaction, the chief financial officer owned 48,104 shares in the company, valued at approximately $16,759,433.60. The trade was a 11.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,154 shares of company stock worth $3,132,798. Insiders own 0.08% of the company's stock.

Institutional Trading of Home Depot

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parvin Asset Management LLC increased its stake in shares of 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 purchasing an additional 33 shares during the period. Zeit Capital LLC bought a new stake in shares of Home Depot in the 2nd quarter valued at approximately $26,000. Advocate Investing Services LLC acquired a new position in Home Depot during the fourth quarter worth $25,000. Cache Advisors LLC bought a new position in Home Depot during the 1st quarter valued at about $27,000. Finally, Imprint Wealth LLC bought a new stake in Home Depot during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 70.86% of the company's stock.

Home Depot Company Profile

The Home Depot, Inc is a home improvement retailer that sells building materials, appliances, decor, hardware, tools, paint, lawn and garden products, and related merchandise. The company serves do-it-yourself customers, professional contractors, homebuilders, and other commercial customers through its retail stores and digital platforms.

Home Depot also provides services such as equipment and tool rental, delivery, installation, and project support. Its professional-focused offerings include job-lot quantities, specialized products, credit services, and account support designed for contractors and other trade customers.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ken Langone, and Pat Farrah, the company is headquartered in Atlanta, Georgia.

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