Home Depot (NYSE:HD) Price Target Cut to $452.00 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reduced Home Depot's price target from $460.00 to $452.00, while maintaining an "overweight" rating, indicating a potential upside of 11.67% from the stock's current price.
• The consensus rating for Home Depot among analysts is "Moderate Buy," with an average price target of $430.12 based on a variety of recent research reports.
• Despite a slight decline in stock price, Home Depot reported a 4.9% increase in revenue for its last quarter, totaling $45.28 billion, although it missed earnings estimates by one cent per share.

Home Depot (NYSE:HD - Get Free Report) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $460.00 to $452.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the home improvement retailer's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 11.67% from the stock's current price.

HD has been the subject of a number of other research reports. Wells Fargo & Company set a $420.00 target price on Home Depot and gave the company an "overweight" rating in a report on Monday, June 30th. Robert W. Baird upped their target price on Home Depot from $425.00 to $450.00 and gave the company an "outperform" rating in a report on Wednesday. Stifel Nicolaus upped their target price on Home Depot from $425.00 to $432.00 and gave the company a "buy" rating in a report on Monday. Morgan Stanley restated an "overweight" rating and set a $415.00 target price (up previously from $410.00) on shares of Home Depot in a report on Tuesday, May 20th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $450.00 price target on shares of Home Depot in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $430.12.

Home Depot Trading Down 0.6%

HD stock traded down $2.42 during midday trading on Wednesday, hitting $404.78. The company had a trading volume of 1,063,147 shares, compared to its average volume of 3,532,534. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 5.95. Home Depot has a 52 week low of $326.31 and a 52 week high of $439.37. The stock's 50 day moving average price is $371.82 and its 200 day moving average price is $371.43. The stock has a market cap of $402.73 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 3.75 and a beta of 1.00.

Home Depot (NYSE:HD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share for the quarter, missing the consensus estimate of $4.69 by ($0.01). The company had revenue of $45.28 billion during the quarter, compared to the consensus estimate of $45.43 billion. Home Depot had a net margin of 8.98% and a return on equity of 242.51%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.60 EPS. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities research analysts expect that Home Depot will post 15.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Fahim Siddiqui sold 2,600 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $367.14, for a total value of $954,564.00. Following the sale, the executive vice president directly owned 7,951 shares of the company's stock, valued at approximately $2,919,130.14. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa Wynn Roseborough sold 5,406 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $369.28, for a total value of $1,996,327.68. Following the sale, the executive vice president directly owned 17,367 shares in the company, valued at $6,413,285.76. This trade represents a 23.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Home Depot by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 97,978,814 shares of the home improvement retailer's stock valued at $35,922,952,000 after buying an additional 1,494,615 shares in the last quarter. State Street Corp boosted its holdings in shares of Home Depot by 0.7% in the 2nd quarter. State Street Corp now owns 46,015,836 shares of the home improvement retailer's stock worth $16,871,246,000 after purchasing an additional 300,352 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Home Depot by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,978,809 shares of the home improvement retailer's stock worth $8,394,611,000 after purchasing an additional 327,674 shares during the period. Asset Planning Services Inc. LA ADV boosted its holdings in shares of Home Depot by 99,400.7% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 18,975,772 shares of the home improvement retailer's stock worth $6,954,431,000 after purchasing an additional 18,956,701 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Home Depot by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 14,568,860 shares of the home improvement retailer's stock worth $5,341,724,000 after purchasing an additional 153,582 shares during the period. Institutional investors own 70.86% of the company's stock.

Home Depot Company Profile

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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