Home Depot (NYSE:HD) Price Target Lowered to $435.00 at Mizuho

Home Depot (NYSE:HD - Get Free Report) had its price objective reduced by investment analysts at Mizuho from $450.00 to $435.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the home improvement retailer's stock. Mizuho's target price points to a potential upside of 16.47% from the company's previous close.

HD has been the subject of a number of other reports. Wedbush reaffirmed an "outperform" rating and issued a $440.00 price objective on shares of Home Depot in a research report on Wednesday, February 26th. Piper Sandler lowered their price objective on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Telsey Advisory Group reissued an "outperform" rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday. Hsbc Global Res upgraded Home Depot from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, TD Securities reaffirmed a "buy" rating and set a $470.00 price target on shares of Home Depot in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Home Depot currently has an average rating of "Moderate Buy" and an average price target of $427.62.

Home Depot Stock Down 0.9%

NYSE HD traded down $3.56 during mid-day trading on Wednesday, hitting $373.49. The company's stock had a trading volume of 1,181,468 shares, compared to its average volume of 3,429,383. The firm has a market capitalization of $371.26 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 4.03 and a beta of 1.05. The company's 50 day simple moving average is $358.99 and its 200 day simple moving average is $387.78. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. Home Depot has a twelve month low of $323.77 and a twelve month high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The home improvement retailer reported $3.56 EPS for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03). The company had revenue of $39.86 billion for the quarter, compared to the consensus estimate of $39.24 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.63 earnings per share. Analysts anticipate that Home Depot will post 15.13 earnings per share for the current year.

Hedge Funds Weigh In On Home Depot

Hedge funds have recently modified their holdings of the company. Synergy Asset Management LLC bought a new position in shares of Home Depot in the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new position in shares of Home Depot in the 4th quarter worth about $28,000. Navigoe LLC purchased a new position in Home Depot during the 4th quarter valued at about $29,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Home Depot during the fourth quarter worth about $32,000. Finally, Abound Financial LLC bought a new position in shares of Home Depot during the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 70.86% of the company's stock.

About Home Depot

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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