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Home Depot (NYSE:HD) Earns Neutral Rating from Analysts at MKM Partners

Thursday, June 23, 2022 | MarketBeat

MKM Partners assumed coverage on shares of Home Depot (NYSE:HD - Get Rating) in a research report issued to clients and investors on Thursday, The Fly reports. The firm set a "neutral" rating and a $285.00 price target on the home improvement retailer's stock. MKM Partners' price target suggests a potential upside of 5.96% from the stock's current price.

A number of other brokerages have also recently issued reports on HD. Telsey Advisory Group lowered their price objective on Home Depot from $425.00 to $375.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 23rd. StockNews.com lowered Home Depot from a "buy" rating to a "hold" rating in a report on Friday, May 27th. DA Davidson reduced their target price on Home Depot from $354.00 to $330.00 and set a "na" rating for the company in a report on Wednesday, May 18th. OTR Global lowered Home Depot to a "positive" rating in a report on Tuesday, May 10th. Finally, Wedbush reduced their target price on Home Depot from $340.00 to $320.00 and set a "neutral" rating for the company in a report on Wednesday, May 18th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $369.82.


NYSE HD opened at $268.98 on Thursday. The stock has a market capitalization of $276.45 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.61 and a beta of 0.97. Home Depot has a one year low of $264.51 and a one year high of $420.61. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.11 and a quick ratio of 0.28. The business's fifty day moving average is $295.62 and its 200-day moving average is $334.61.

Home Depot (NYSE:HD - Get Rating) last released its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, topping analysts' consensus estimates of $3.67 by $0.42. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. The company had revenue of $38.91 billion for the quarter, compared to analysts' expectations of $36.78 billion. During the same period in the previous year, the business posted $3.86 EPS. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts expect that Home Depot will post 16.47 EPS for the current fiscal year.

In related news, EVP Hector A. Padilla sold 136 shares of the company's stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $289.23, for a total transaction of $39,335.28. Following the completion of the transaction, the executive vice president now owns 11,230 shares in the company, valued at $3,248,052.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Becker Caryn Seidman bought 1,500 shares of the firm's stock in a transaction that occurred on Monday, May 23rd. The shares were acquired at an average price of $287.73 per share, with a total value of $431,595.00. Following the acquisition, the director now owns 1,500 shares of the company's stock, valued at $431,595. The disclosure for this purchase can be found here. Insiders sold 11,933 shares of company stock valued at $3,448,197 in the last quarter. Corporate insiders own 0.17% of the company's stock.

A number of hedge funds have recently modified their holdings of HD. Rinkey Investments purchased a new stake in shares of Home Depot in the fourth quarter worth $25,000. GW&K Investment Management LLC purchased a new stake in shares of Home Depot in the first quarter worth $25,000. Shore Point Advisors LLC purchased a new stake in shares of Home Depot in the fourth quarter worth $26,000. Tobam purchased a new stake in shares of Home Depot in the first quarter worth $27,000. Finally, Fairfield Bush & CO. purchased a new stake in shares of Home Depot in the first quarter worth $27,000. 70.61% of the stock is currently owned by institutional investors.

About Home Depot (Get Rating)

The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell 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, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

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